Luxor Technology signs a $131.4 million Bitcoin mining machine purchase agreement with MicroBT

Luxor Technology Corporation has signed a $131.4 million agreement with Bitcoin mining manufacturer MicroBT, which includes a confirmed purchase of $93.2 million worth of Whatsminer ASIC Bitcoin miners, with an option to purchase an additional $38.2 million. These ASIC miners will utilize a combination of immersion, air cooling, and water cooling systems designed to improve efficiency.

The announcement states that the agreement supports MicroBT's expansion in the United States, where the company has begun assembling miners domestically. Previously, Bitmain also launched a production line in the United States.