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Luxor Launches Hosting Marketplace for Bitcoin Miners Amidst Build-Out Delays

Added 06-28-22 11:04:02am EST - “The marketplace will offer hosting clients in the U.S. and Canada, with miners able to have as little as one mining rig hosted with some providers.” - News.yahoo.com

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Posted By TheNewsCommenter: From News.yahoo.com: “Luxor Launches Hosting Marketplace for Bitcoin Miners Amidst Build-Out Delays”. Below is an excerpt from the article.

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Luxor Technology, the full-stack bitcoin mining software and services provider, is launching a marketplace for miners where customers will be able to purchase hosting services for their mining rigs.

Miners will be able to shop for hosting services when they buy bitcoin mining computers through Luxor’s brokerage service that was launched earlier this year. Luxor will essentially play the role of a broker, matching miners that need their machines plugged into a hosting provider. Luxor said that it has done over $100 million in trading through its mining rig brokerage service.

“Luxor’s hosting marketplace enables miners to choose hosting providers that meet their unique operational and geographical requirements,” Luxor Director of Business Development Aaron Foster said in a statement. “Rather than a one-size-fits-all approach, Luxor aims to provide a white glove service that removes the uncertainty around hosting decisions,” he added.

In recent months, infrastructure and power supply-related delays, as well as lack of capital, have caused bottlenecks for miners in growing their operations, with more miners than places to plug them into.

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