Luxor Technology Corporation has expanded its partnership with MicroBT through a $100 million commitment to buy WhatsMiner bitcoin mining rigs.
Summary
- Luxor will buy $100 million worth of MicroBT WhatsMiner rigs under an expanded partnership.
- MicroBT signed a term sheet to invest in Luxor, though the investment size was not disclosed.
- Luxor will add LuxOS firmware support for WhatsMiner rigs to improve mining operations.
The deal strengthens ties between the mining infrastructure firm and the hardware maker. The companies announced the expanded agreement on Sunday. Luxor said the purchase commitment forms part of a broader plan to support miners using MicroBT machines.
As part of the agreement, MicroBT signed a term sheet to invest in Luxor through its investment manager, Inflection Technology Ltd. The companies did not disclose the size of the planned investment.
The move adds a financial link to the existing commercial relationship. It also places MicroBT closer to Luxor’s mining software, hardware and service operations.
LuxOS support expands to WhatsMiner rigs
Luxor will also add support for MicroBT WhatsMiner machines through its LuxOS firmware. The company said the rollout will happen in phases across supported mining rigs.
LuxOS can help miners manage power changes during curtailment periods while rigs continue hashing. Luxor said the firmware can complete power target changes within 30 to 60 seconds and improve ramp-up times.
Miners gain access to Luxor services
Operators using LuxOS on WhatsMiner rigs will also gain access to Luxor’s wider service suite. These services include its mining pool, hashrate derivatives, energy services and Luxor Commander for fleet management.
Lauren Lin, Luxor’s head of hardware and software, said,
“Our clients have been asking for WhatsMiner firmware for years, and we have shipped a product that is going to help deliver significant profitability and usability benefits.”
Luxor said its firmware already runs on more than 300,000 bitcoin mining rigs globally. The company has also expanded beyond mining hardware into GPUs, servers, storage and networking for miners building AI and high-performance computing systems.
