Home News Luxor launched Bitcoin miners trading platform

Luxor launched Bitcoin miners trading platform

5088
0

The American mining company Luxor Technology has launched a service for trading Bitcoin (BTC) mining equipment, according to CoinDesk.

Thus, the Luxor “ASIC Trading Desk” will buy and sell specialized ASIC devices for mining; on behalf of the company’s team, miners and investors.

“After moving tens of thousands of machines and serving miners across a few continents, we established a streamlined process for procuring equipment”. Said Lauren Lin, a business analyst at the firm.

The main task is to help miners get access to equipment at fair market prices

Furthermore, the service aims to serve both retail and institutional clients. Moreover, the company explained that the main task of the ASIC Trading Desk is to help miners get access to equipment at fair market prices in the primary and secondary markets.

According to Luxor, new and used ASIC miners, GPUs and spare parts for devices are available on the platform.

“Our goal is to simplify the procurement process so our miners can spend more time building hashrate and less time worrying about how to find it”. Said Alex Brammer, Luxor’s vice president of business development.

Connecting sellers and buyers

Earlier in December 2021, the operator of the mining pool Foundry announced the launch of a trading platform for the purchase and sale of Bitcoin mining equipment. FoundryX will act as an intermediary, connecting sellers and buyers. According to the press release, the marketplace managed to attract more than 200 customers; including family offices, mining and energy companies.

Foundry’s vice president of business development Jeff Burkey plans to sell not only new but also used equipment. The minimum order size is 50 units.

Recall that Foundry USA became the second-largest Bitcoin mining pool amid the China ban. According to BTC.com, Digital Currency Group-owned Foundry USA trails pool leader AntPool by only 4,000 PH/s, contributing to a 17.76% network share at the time of publishing.

Previous articleJack Dorsey announced Bitcoin Legal Defense Fund
Next articleSouth African police investigate Africrypt