Luxor launches Bitcoin ASIC Trading Desk

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Luxor Technology Corporation has launched an ASIC trading desk to bridge the gap between interested buyers and sellers in the secondary market for bitcoin mining rigs. The bitcoin mining service provider said it will buy and sell the application-specific ICs for BTC mining on behalf of its team, miners and investors to provide platforms at fair prices. of the market.

“Our goal is to simplify the procurement process so our miners can spend more time creating hashrate and less time wondering how to find it,” said Alex Brammer, vice president of business development, in a statement. statement sent to Bitcoin Magazine. “Whether it’s an institutional miner replacing a fleet of next-generation machines or a retail purchase of a platform, we are able to maximize the capital efficiency of our clients and minimize their risks. “

Luxor said bitcoin mining equipment markets are generally opaque, inefficient, and filled with information asymmetry, which, in addition to macroeconomic, regional economic and market cycle conditions, often results in increased price volatility on the market. primary and secondary markets.

“The Luxor ASIC Trading Desk will trade in these markets, taking primary positions in ASICs to help miners access the platforms at fair market prices,” Luxor said in a statement.

The trading desk is the latest addition to Luxor’s suite of bitcoin mining related offers. The company also offers its customers a data analytics solution, the Hashrate Index Platform, which provides actionable insights into some vital metrics of the bitcoin mining industry, including miners revenue per hashrate and a tool. comparison for the cost and efficiency of different mining platforms. The company revamped its Hashrate Index platform in December when it added the ability to name data in bitcoin and increased the scope of information the platform can analyze.

Luxor also offers a bitcoin mining pool and profit switching tool that allows its clients to use the computing power of different blockchains to increase margins while receiving bitcoin payments.

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