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 mining capacity with Soluna-Luxor partnership
Soluna Holdings and Luxor Technology Corporation have helped Bitmine Immersion Technologies triple its bitcoin (BTC) mining capacity with 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, was looking to increase its hashrate while avoiding issues like fluctuating electricity prices, inflated equipment costs, and deployment delays. Soluna secured 13 MW of available renewable energy at its Project Sophie and Dorothy data centers in Texas and Kentucky, ensuring stable energy costs.
Luxor provided funding, ASIC procurement, and firmware optimization through its LuxOS platform, as well as a 12-month hashrate hedging contract to ensure revenue predictability. This partnership increased Bitmine’s nominal hashrate to 251,056 PH/s — a three-fold increase — while reducing downtime and streamlining hardware deployment.
According to the study, Luxor’s software increased the efficiency of the fleet by 10% compared to the industry average. “This study shows how quality partnerships can eliminate uncertainty in Bitcoin mining,” said Soluna CEO John Belizaire. Luxor COO Ethan Vera highlighted Bitmine’s “complex structures,” noting the integration of services that allowed for rapid scaling.
Bitmine’s immersion technology, which involves submerging equipment 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 structure for other Bitcoin miners, highlighting predictability in an industry often prone to volatility.
Source: cryptonews.net
