Soluna Holdings and Luxor Expertise partnered with Bitmine Immersion Applied sciences to deploy a turnkey bitcoin mining answer that tripled operational capability whereas mitigating dangers tied to vitality volatility and gear prices.
Bitmine Scales Mining Operations 3x through Soluna-Luxor Partnership
Soluna Holdings and Luxor Expertise Company have enabled Bitmine Immersion Applied sciences to triple its bitcoin ( BTC) mining capability by way of a turnkey mannequin combining renewable vitality infrastructure, monetary hedging, and operational optimization, in response to a case research launched this week.
Bitmine, which focuses on immersion-cooled bitcoin mining rigs, sought to scale its hashrate whereas avoiding pitfalls like vitality worth spikes, gear overpayments, and deployment delays. Soluna offered 13MW of low-cost renewable energy at its Challenge Sophie and Dorothy information facilities in Texas and Kentucky, guaranteeing secure electrical energy prices.
Luxor contributed financing, application-specific built-in circuit (ASIC) procurement, and firmware optimization through its LuxOS platform, alongside a 12-month hashrate hedging contract to lock in income predictability. The collaboration elevated Bitmine’s nameplate hashrate to 251.056 PH/s—a threefold soar—whereas decreasing downtime and streamlining {hardware} deployment.
Luxor’s firmware improved fleet effectivity by 10% in comparison with trade averages, in response to the research. “This case research showcases how a well-executed partnership can eradicate uncertainty in bitcoin mining,” mentioned Soluna CEO John Belizaire. Luxor COO Ethan Vera highlighted Bitmine’s “subtle buildings,” crediting the mixing of companies for enabling speedy scaling.
Bitmine’s immersion know-how, which submerges {hardware} in cooling fluid, enhances Soluna’s renewable-powered websites. The corporate now operates throughout low-cost vitality areas in Trinidad, Texas, and Kentucky. The mannequin units a precedent for built-in mining options, merging energy, operations, and monetary instruments. Soluna and Luxor plan to duplicate the framework for different bitcoin miners, emphasizing predictability in an trade typically disrupted by volatility.
