Bitmine Immersion Technologies Inc. Inks Agreement with Luxor to Purchase 90PH/s Hashrate for 176 Days

Reuters

05-29

Bitmine Immersion Technologies Inc. Inks Agreement with Luxor to Purchase 90PH/s Hashrate for 176 Days

Bitmine Immersion Technologies Inc. has announced a significant agreement with Luxor Technology Corporation. Under the newly signed Master Hashrate Purchase and Sale Agreement, Bitmine will acquire a daily hashrate of 90PH/s over a period of 176 days. The deal, valued at 8.1576 bitcoin, marks a strategic move for Bitmine to enhance its cryptocurrency mining capabilities. The company has already paid $706,833 to Luxor, reflecting the total bitcoin value minus 1.8126 bitcoin held as margin. This partnership underscores Bitmine's commitment to expanding its operational capacity in the competitive cryptocurrency sector.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bitmine Immersion Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001683168-25-004057), on May 29, 2025, and is solely responsible for the information contained therein.

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