Luxor, MicroBT agree $100M ASIC miner purchase

Luxor and MicroBT announced a $100 million agreement for a bulk purchase of ASIC bitcoin miners and said they plan further investments to broaden their commercial relationship and scale operations.

Under the deal, MicroBT will supply miners and provide technical support and logistics to move the machines into Luxor’s deployment pipeline. The companies identified the hardware as part of MicroBT’s WhatsMiner product line. They did not provide a delivery schedule, deployment locations or financing details for the purchase.

Company statements described the order as intended to increase Luxor’s deployed mining capacity and to strengthen supply and service ties between the firms. Luxor operates a mining pool and offers mining infrastructure and hosting services. MicroBT manufactures ASIC miners for bitcoin mining.

The firms said follow-on investments could include coordinated supply planning, joint operational support and other commercial arrangements, but they did not disclose the size, timing or structure of any additional capital commitments.

The $100 million order arrives as mining operators continue to replace older equipment with more energy-efficient hardware to lower unit costs and maintain or grow hashrate on the Bitcoin network. Bulk procurement of miners often includes aftermarket services such as firmware updates, warranty support and spares logistics to limit downtime after deployment.

Contractual and logistical details are to be finalized as negotiations continue. Beyond the $100 million purchase price, no additional financial terms were disclosed and there is no public timetable for further investments or the rigs’ deployment.