{"id":406422,"date":"2020-12-30T02:03:27","date_gmt":"2020-12-30T07:03:27","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=406422"},"modified":"2020-12-30T02:03:27","modified_gmt":"2020-12-30T07:03:27","slug":"argo-blockchain-co-leads-investment-in-luxor-technologies","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/argo-blockchain-co-leads-investment-in-luxor-technologies\/","title":{"rendered":"Argo Blockchain co-leads investment in Luxor Technologies"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">LONDON, Dec.  30, 2020  (GLOBE NEWSWIRE) &#8212; <strong>via InvestorWire:<\/strong> Argo Blockchain (OTC: ARBKF), the leading cryptocurrency miner based in the UK, is pleased to announce it will co-lead an investment in Luxor Technologies (\u201cLuxor\u201d), a hashrate management platform.<\/p>\n<p align=\"justify\">As part of the deal, Argo will invest $100,000 USD into Luxor. Luxor intends to use the capital to make several key engineering hires to strengthen the development of its hashrate management platform. Luxor, which supports over 28,000 miners globally, has mined over $45m USD in cryptocurrency since inception. With this seed funding round, Luxor will further build out its proof-of-work software infrastructure.<\/p>\n<p align=\"justify\">Proprietary technology developed by Luxor has the potential to supercharge returns for miners. Luxor\u2019s Switch software product is a profit-switching algorithm that maximizes earnings by switching between blockchains and venues to maximize hashrate rewards. Luxor launched the product for the Equihash algorithm in mid-2020 and is planning the full launch of a SHA-256 best-price execution algorithm in 2021. Argo has been using Luxor\u2019s profit-switching platform for the company\u2019s Equihash hashrate since it was launched in 2020.<\/p>\n<p align=\"justify\">Peter Wall, Chief Executive of Argo Blockchain, said: \u201cWe are delighted to be a maiden investor in Luxor as it builds innovative and efficient services for cryptocurrency mining and hashrate products. Our investment reinforces Argo\u2019s commitment to be at the forefront of technological advances in our sector.\u201d\u00a0<\/p>\n<p align=\"justify\">Ethan Vera, Co-Founder and CFO of Luxor, said: \u201cOur team is thrilled to have Argo as an investor in this round. Our focus is on building valuable products for miners, and having one of the best-in-class miners co-lead our round is validation that our strategy is working. We are excited to fundamentally change the way in which hashrate is traded.\u201d<\/p>\n<p align=\"justify\">For further information please contact:<\/p>\n<p>\n        <strong>Media Contacts:<\/strong><br \/>\n        <br \/>Salamander Davoudi<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5tjvd8njoXFgmXgDRDLX6NM61usHOWqzHkPoMr4FUFXfcoQV6OUgYZccFQtHyZivFmiNt5zjrHqBS1vTwauqTAQpOZWiu9m9YYfjJ4YucWC4MgS_3ep_Pj_aHk50XCkU\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>salamander@tancredigroup.com<\/u><\/a><br \/>Tel: +44 7957 549 906<\/p>\n<p>Emma Valgimigli<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rV52t0R-Am0GaH2Nj_0s5tti0dq6_0OQbxSSinJloee9i904GX5q3vFLaJlsQj1L3rD8llZJK4m_aXDDarzBCETx9FLKEHIR0IYg-s2__Iw=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>emma@tancredigroup.com<\/u><\/a><br \/>Tel: +44 7727 180 873<\/p>\n<p align=\"justify\">\n        <strong>About Argo:<\/strong><br \/>\n        <br \/>Argo Blockchain plc is a global leader in cryptocurrency mining with one of the largest and most efficient operations powered by clean energy. The Company is headquartered in London, UK and its shares are listed on the Main Market of the London Stock Exchange under the ticker: ARB.<\/p>\n<p align=\"justify\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=sh2dGFDcRNy_d5HiXlMlUXiR4xl8UTG4EkhDbf5-sAVHagyiqVKuwZ2NNpQmd3AvDGPqgcKFYzpwXa_wnX44_pemaAZX_7jAJvFSjT0CT-c=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <u>argo<\/u><br \/>\n          <u>b<\/u><br \/>\n          <u>lockchain.com<\/u><br \/>\n        <\/a>\n      <\/p>\n<p align=\"justify\">See Argo&#8217;s largest facility in Quebec:<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=srsYnP-LWBhH348dC_To1EqliZzlv3Hvb4lmn5nlFPea7L9TCmK067OFphY9jB0jmOpQ01k_LWrk0XA_PWMLnccNfnbMsNniZrbR6E77zYk=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>https:\/\/youtu.<\/u><u>b<\/u><u>e\/LDWWaZ75Zbk<\/u><\/a><\/p>\n<p align=\"justify\">\n        <strong>About Luxor Technologies<\/strong>\n      <\/p>\n<p align=\"justify\">Luxor Technologies is a hashrate management platform that offers a wide range of hashrate based instruments such as mining pools and profit switching algorithms. Luxor is designing next-generation hashrate liquidation engines for miners. Luxor is also the developer of the leading mining data website, Hashrate Index.<\/p>\n<p>\n        <strong>Wire Service Contact<\/strong><br \/>\n        <br \/>InvestorWire (IW)<br \/>Los Angeles, California<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=gUqrp0JGhYsFGtgyaE0xjqY0aoCLAY8xAGQEfdkZkIuCeadY1YtTrlgM5teUZs21MUKuATvus8trdvSmofujng8o3FqHZQrNbpRTQzTMfNU=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.InvestorWire.com<\/a><br \/>212.418.1217 Office<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=vNzbB0_6pGXoiyju8iu56cmUMBmIKSBcBhj3bJR-YsjHgoxxqbYViK8JGf0b0tR-A8g1EBIk1vSExy4NDHqvHWAO5zC9PPCKkulAvut9160=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Editor@InvestorWire.com<\/a><\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExODYzOSMzODk5MjQyIzUwMDA3NjY5NA==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/42bb165c-23ad-40f1-9e3a-1e462ea3a01e\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>LONDON, Dec. 30, 2020 (GLOBE NEWSWIRE) &#8212; via InvestorWire: Argo Blockchain (OTC: ARBKF), the leading cryptocurrency miner based in the UK, is pleased to announce it will co-lead an investment in Luxor Technologies (\u201cLuxor\u201d), a hashrate management platform. As part of the deal, Argo will invest $100,000 USD into Luxor. Luxor intends to use the capital to make several key engineering hires to strengthen the development of its hashrate management platform. Luxor, which supports over 28,000 miners globally, has mined over $45m USD in cryptocurrency since inception. With this seed funding round, Luxor will further build out its proof-of-work software infrastructure. Proprietary technology developed by Luxor has the potential to supercharge returns for miners. Luxor\u2019s Switch software product is a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/argo-blockchain-co-leads-investment-in-luxor-technologies\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Argo Blockchain co-leads investment in Luxor Technologies&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-406422","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Argo Blockchain co-leads investment in Luxor Technologies - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/argo-blockchain-co-leads-investment-in-luxor-technologies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Argo Blockchain co-leads investment in Luxor Technologies - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LONDON, Dec. 30, 2020 (GLOBE NEWSWIRE) &#8212; via InvestorWire: Argo Blockchain (OTC: ARBKF), the leading cryptocurrency miner based in the UK, is pleased to announce it will co-lead an investment in Luxor Technologies (\u201cLuxor\u201d), a hashrate management platform. As part of the deal, Argo will invest $100,000 USD into Luxor. Luxor intends to use the capital to make several key engineering hires to strengthen the development of its hashrate management platform. Luxor, which supports over 28,000 miners globally, has mined over $45m USD in cryptocurrency since inception. With this seed funding round, Luxor will further build out its proof-of-work software infrastructure. Proprietary technology developed by Luxor has the potential to supercharge returns for miners. 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As part of the deal, Argo will invest $100,000 USD into Luxor. Luxor intends to use the capital to make several key engineering hires to strengthen the development of its hashrate management platform. Luxor, which supports over 28,000 miners globally, has mined over $45m USD in cryptocurrency since inception. With this seed funding round, Luxor will further build out its proof-of-work software infrastructure. Proprietary technology developed by Luxor has the potential to supercharge returns for miners. Luxor\u2019s Switch software product is a &hellip; Continue reading \"Argo Blockchain co-leads investment in Luxor Technologies\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/argo-blockchain-co-leads-investment-in-luxor-technologies\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-30T07:03:27+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExODYzOSMzODk5MjQyIzUwMDA3NjY5NA==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/argo-blockchain-co-leads-investment-in-luxor-technologies\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/argo-blockchain-co-leads-investment-in-luxor-technologies\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Argo Blockchain co-leads investment in Luxor Technologies","datePublished":"2020-12-30T07:03:27+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/argo-blockchain-co-leads-investment-in-luxor-technologies\/"},"wordCount":438,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/argo-blockchain-co-leads-investment-in-luxor-technologies\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExODYzOSMzODk5MjQyIzUwMDA3NjY5NA==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/argo-blockchain-co-leads-investment-in-luxor-technologies\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/argo-blockchain-co-leads-investment-in-luxor-technologies\/","name":"Argo Blockchain co-leads investment in Luxor Technologies - 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