Bitcoin Mining Has Become Predictable: Soluna and Luxor Accelerate Bitmine's Growth

Soluna Holdings and Luxor Technology have teamed up with Bitmine Immersion Technologies to implement a turnkey Bitcoin mining solution, tripling operational capacity while reducing risks associated with fluctuating energy prices and equipment costs.

Bitmine triples its mining output thanks to Soluna-Luxor partnership

Soluna Holdings and Luxor Technology Corporation have helped Bitmine Immersion Technologies triple its bitcoin (BTC) mining capacity using a turnkey model that combines renewable energy infrastructure, financial hedging, and operational optimization, according to information released this week.

Bitmine, which specializes in immersion-cooled Bitcoin mining rigs, sought to increase its hashrate while avoiding issues such as fluctuating electricity prices, overpaying for equipment, and deployment delays. Soluna provided 13 MW of available renewable energy across its Project Sophie and Dorothy data centers located in Texas and Kentucky, ensuring stable electricity costs.

Luxor contributed funding, ASIC procurement, and firmware optimization via its LuxOS platform, as well as a 12-month hashrate hedging contract to ensure revenue predictability. This collaboration increased Bitmine’s nominal hashrate to 251,056 PH/s — a threefold increase — while reducing downtime and streamlining hardware deployment.

The study found that Luxor’s software increased the fleet’s efficiency by 10% compared to the industry average. “This study demonstrates how well-designed partnerships can reduce uncertainty in Bitcoin mining,” said Soluna CEO John Belizaire. Luxor COO Ethan Vera noted Bitmine’s “complex structures,” emphasizing the importance of integrating services to enable rapid scaling.

Bitmine’s immersion technology, which places hardware in a cooling liquid, complements Soluna’s renewable energy-powered sites. The company currently operates in low-cost regions of Trinidad, Texas, and Kentucky. The model sets a precedent for integrated mining solutions, combining power, operations, and financial instruments. Soluna and Luxor plan to replicate the model for other Bitcoin miners, highlighting predictability in an industry that is often prone to volatility.

Source: cryptonews.net