Home Crypto LUXXFOLIO : Closes Acquisition of Ethereum Miner and Crypto Assets

LUXXFOLIO : Closes Acquisition of Ethereum Miner and Crypto Assets

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LUXXFOLIO : Closes Acquisition of Ethereum Miner and Crypto Assets

LUXXFOLIO HOLDINGS INC.

1080 Mainland Street, Suite 212

Vancouver, BC V6B 2T4

NEWS RELEASE

LUXXFOLIO Closes Acquisition of Ethereum Miner and Crypto Assets

VANCOUVER, BC – November 26, 2021 – LUXXFOLIO Holdings Inc. (the “Company” or “LUXXFOLIO”) (CSE: LUXX) (OTCQB: LUXFF), a vertically-integrated digital asset firm, reviews that each one remaining situations have been happy and is happy to announce that it has closed its acquisition of Blackcloud Crypto Investments (the “Seller” or “Blackcloud”), as introduced on NR Sept. 7, 2021.

Under the Purchase Agreement, as amended, the Company will now concern 500,003 widespread shares in trade for 88 Ethereum mining machines (“Ethereum Miners”), the Seller’s Hosting Portable Container, and 52 Ethereum cash. These Miners are anticipated to mine between 12-15 Ethereum monthly.

Ken MacLean, President of LUXX Mining Division commented, “This is an opportunistic acquisition that we imagine could have a fast payback underneath Ethereum’s present Proof of Work validation mannequin. Strategically, we view this as a low-risk alternative to personal and handle different digital property that we imagine will result in different alternatives for LUXXFOLIO”.

Ryan Johnson, CEO of Blackcloud commented, “We are excited to have created the chance for our shareholders to take part within the progress that the group at LUXXFOLIO is creating and stay up for collaborating of their continued success into the long run.”

Recent Company Highlights

Date Milestones

Dec 2020: LUXXFOLIO orders 590 Avalon miners (NR Dec. 24, 2020);

May 2021: LUXXFOLIO orders 2400 Bitmain S19J Pro miners (NR May 3, 2021);

Jun 2021: LUXXFOLIO completes acquisition of industrial scale crypto mining operation (NR Jun. 15, 2021);

Jul 2021: LUXXFOLIO receives and installs 590 Avalon miners (NR Jul. 19, 2021);

Aug 2021: LUXXFOLIO declares growth to extend capability from 8MW to fifteen MW (NR Aug. 12, 2021);

Aug 2021: LUXXFOLIO reinvests value rebate and installs an extra 100 Bitmain S19JPro miners (NR Aug. 4, 2021);

Sep 2021: LUXXFOLIO enters into settlement to amass Ethereum mining operation (NRSep. 7, 2021);

Sep 2021: LUXXFOLIO enters into swap settlement on 600 miners and receives early supply on 300 (NR Sep. 20, 2021).

Sep 2021: LUXXFOLIO DTC software authorized (NR Sep. 23, 2021)

Oct. 2021: LUXXFOLIO accepts early supply of an extra 75 Miners (complete of 675 early deliveries) leading to a Hash Rate enhance of 144% since Sept. 1 2021(NR Oct. 14, 2021).

Oct. 2021: LUXXFOLIO confirms order for added 500 Bitmain S19J Pro miners thereby rising anticipated future hash charge to 360 PH/s (NR Oct. 21, 2021)

Nov 2021: LUXXFOLIO Procures Immersion-Cooling for Crypto Mining Operations with anticipated 25% Increase in Hash Rate (NR Nov. 10, 2021)

Nov 2021 LUXXFOLIO accepts early supply of an extra 100 Miners (complete of 735 early deliveries) leading to a Hash Rate enhance of 162% since Sept. 1 2021(NR Nov. 16, 2021)

Estimated Calendar Miner Delivery Dates

  • This autumn 2021: 190 Miners
  • Q1 2022: 600 Miners
  • Q2 2022: 1100 Miners
  • Q3 2022: 300 Miners

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About LUXXFOLIO

LUXXFOLIO Holdings Inc. is a publicly-tradedvertically-integrated digital asset firm primarily based in Canada. We function an industrial scale cryptocurrency mining facility within the United States, powered primarily by renewable power, with a deal with the blockchain ecosystem and era of digital property. LUXXFOLIO offers a liquid various for publicity to digital property for the broader capital markets.

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Contact Information:

For extra data, please contact:

Dean Linden, Chief Executive Officer

Tel: (604) 398-3837

Email: dlinden@luxxfolio.com

www.luxxfolio.com

The CSE has not reviewed and doesn’t settle for accountability for the adequacy or accuracy of this launch.

Certain data contained herein might represent “forward-looking data” underneath Canadian securities laws. Generally, forward-looking data will be recognized by the use of forward-looking terminology corresponding to “shall be”, “anticipated”, or variations of such phrases and phrases or statements that sure actions, occasions, or outcomes “will” happen. Forward-looking statements concerning the Company, its internet hosting operations, miners, hash charge, and the Company’s growth of its progress technique are primarily based on the Company’s estimates and are topic to recognized and unknown dangers, uncertainties and different components that will trigger the precise outcomes, degree of exercise, efficiency or achievements of the Company and its subsidiary to be materially completely different from these expressed or implied by such forward-looking statements or forward-looking data, together with capital expenditures and different prices. There will be no assurance that such statements will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements. Accordingly, readers mustn’t place undue reliance on forward-looking statements and forward-looking data. The Company is not going to replace any forward-looking statements or forward-looking data which are integrated by reference herein, besides as required by relevant securities legal guidelines.

Disclaimer

Luxxfolio Holdings Inc. printed this content material on 25 November 2021 and is solely liable for the data contained therein. Distributed by Public, unedited and unaltered, on 26 November 2021 05:39:05 UTC.

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