{"id":830479,"date":"2025-03-27T08:07:13","date_gmt":"2025-03-27T12:07:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-and-luxor-announce-turnkey-mining-success-with-bitmine\/"},"modified":"2025-03-27T08:07:13","modified_gmt":"2025-03-27T12:07:13","slug":"soluna-and-luxor-announce-turnkey-mining-success-with-bitmine","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-and-luxor-announce-turnkey-mining-success-with-bitmine\/","title":{"rendered":"Soluna and Luxor Announce Turnkey Mining Success With BitMine"},"content":{"rendered":"<p>        <!--.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Soluna and Luxor Announce Turnkey Mining Success With BitMine<\/b><\/p>\n<p>\nNew Case Study Explores How Soluna and Luxor Delivered a Seamless, Scalable Mining Model for BitMine\n<\/p>\n<p>ALBANY, N.Y.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nSoluna Holdings, Inc. (\u201cSoluna\u201d), (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, including Bitcoin mining and AI, announced today the release of a case study highlighting the success of its strategic partnership with <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fluxor.tech%2F&amp;esheet=54229491&amp;newsitemid=20250327596038&amp;lan=en-US&amp;anchor=Luxor+Technology+Corporation&amp;index=1&amp;md5=1b94bf678fe353ed231c1890a1332459\">Luxor Technology Corporation<\/a> (\u201cLuxor\u201d) and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fbitminetech.io%2F%23vision&amp;esheet=54229491&amp;newsitemid=20250327596038&amp;lan=en-US&amp;anchor=BitMine+Immersion+Technologies&amp;index=2&amp;md5=71ddfb39e0fb06cf19ce11b68b6181ff\">BitMine Immersion Technologies<\/a> (\u201cBitMine\u201d) (OTCQX: BMNR).\n<\/p>\n<p>\nThe study, titled \u201cScaling Hashrate, Simplified: The Turnkey Mining Model That Delivered for BitMine\u201d showcases how Soluna and Luxor joined forces to deliver a seamless, turnkey mining solution, helping BitMine scale operations efficiently while mitigating key industry risks.\n<\/p>\n<p>\nSoluna provided stable, low-cost renewable power and infrastructure at Project Sophie and Project Dorothy, while Luxor delivered financial, operational, and strategic expertise, including hashrate hedging, equipment financing, and fleet optimization via LuxOS firmware. By integrating power, infrastructure, and financial services into a single, predictable model, the partnership enabled BitMine to:\n<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nScale its ASIC fleet to 251.056 PH\/s in nameplate hashrate, more than tripling its previous capacity.\n<\/li>\n<li>\nSecure long-term power stability, mitigating energy price volatility.\n<\/li>\n<li>\nLock in hashprice terms, ensuring consistent mining revenues.\n<\/li>\n<li>\nStreamline deployment, reducing downtime, and accelerating growth.\n<\/li>\n<li>\nOptimize fleet performance, improving uptime and profitability.\n<\/li>\n<\/ul>\n<p>\n\u201cThis case study showcases how a well-executed partnership can eliminate uncertainty in Bitcoin mining,\u201d said John Belizaire, CEO of Soluna Holdings. \u201cBy aligning power infrastructure with financial and operational support, we\u2019ve created a solution that enables mining companies like BitMine to scale sustainably and predictably.\u201d\n<\/p>\n<p>\nEthan Vera, COO of Luxor Technology, added: \u201cIt has been amazing to work with the bright minds at Soluna and BitMine throughout the years. All three teams have complementary skill sets, leading to a large success in scaling BitMine. This last deal is really first of a kind, which speaks to the way BitMine\u2019s team thinks about leveraging sophisticated structures to expand their operations in a good risk-adjusted way and focusing on their expertise in capital markets.\u201d\n<\/p>\n<p>\nThis collaboration sets a new standard for Bitcoin mining\u2014where power, operations, and financial strategy work together to drive efficiency and scale.\n<\/p>\n<p>\nRead the full case study here: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.solunacomputing.com%2Fresearch%2Fluxor-bitmine&amp;esheet=54229491&amp;newsitemid=20250327596038&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.solunacomputing.com%2Fresearch%2Fluxor-bitmine&amp;index=3&amp;md5=4e3a47a43723ea09b4b740f61387c0b4\">https:\/\/www.solunacomputing.com\/research\/luxor-bitmine<\/a><\/p>\n<p><b>Safe Harbor Statement<\/b><\/p>\n<p>\nThis announcement contains forward-looking statements. These statements are made under the \u201csafe harbor\u201d provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as \u201cwill,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cfuture,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cconfident,\u201d and similar statements. Soluna Holdings, Inc. may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. Statements that are not historical facts, including but not limited to statements about Soluna\u2019s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, further information regarding which is included in the Company\u2019s filings with the Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and Soluna Holdings, Inc. undertakes no duty to update such information, except as required under applicable law.\n<\/p>\n<p><b>About Luxor Technology Corporation<\/b><\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fluxor.tech%2F&amp;esheet=54229491&amp;newsitemid=20250327596038&amp;lan=en-US&amp;anchor=Luxor+Technology+Corporation&amp;index=4&amp;md5=ca792e3fc5cbcf5b6c504a41bee6c703\">Luxor Technology Corporation<\/a> is a Bitcoin mining software and services company that offers a suite of products catered toward the mining and compute power industry. Luxor\u2019s suite of software and services includes an <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fluxor.tech%2Frfq&amp;esheet=54229491&amp;newsitemid=20250327596038&amp;lan=en-US&amp;anchor=ASIC+Marketplace&amp;index=5&amp;md5=db572947da6674a94c0bb55d67c583bf\">ASIC Marketplace<\/a>, a <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fluxor.tech%2Fmining&amp;esheet=54229491&amp;newsitemid=20250327596038&amp;lan=en-US&amp;anchor=Bitcoin+mining+pool&amp;index=6&amp;md5=ac545cbe88b09b182b87d2408aa606ef\">Bitcoin mining pool<\/a>, a <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fluxor.tech%2Fderivatives&amp;esheet=54229491&amp;newsitemid=20250327596038&amp;lan=en-US&amp;anchor=Hashrate+Derivatives+Desk&amp;index=7&amp;md5=5589799f336c4dbabaf454e95eb5dadb\">Hashrate Derivatives Desk<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fluxor.tech%2Ffirmware&amp;esheet=54229491&amp;newsitemid=20250327596038&amp;lan=en-US&amp;anchor=ASIC+Firmware&amp;index=8&amp;md5=e6b9187e05695dd607a0eb8ab195842d\">ASIC Firmware<\/a>, and a <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fhashrateindex.com%2F&amp;esheet=54229491&amp;newsitemid=20250327596038&amp;lan=en-US&amp;anchor=Bitcoin+mining+data+platform&amp;index=9&amp;md5=d4f61aad3e379150106764ccffeec9a2\">Bitcoin mining data platform<\/a>.\n<\/p>\n<p>\nIf you are interested in contacting the Luxor Derivatives Desk, please email <a rel=\"nofollow\" href=\"mailto:derivatives@luxor.tech\">derivatives@luxor.tech<\/a>.\n<\/p>\n<p><b>About Soluna Holdings, Inc. (SLNH)<\/b><\/p>\n<p>\nSoluna is on a mission to make renewable energy a global superpower using computing as a catalyst. The company designs, develops, and operates digital infrastructure that transforms surplus renewable energy into global computing resources. Soluna\u2019s pioneering data centers are strategically co-located with wind, solar, or hydroelectric power plants to support high-performance computing applications including Bitcoin Mining, Generative AI, and other compute-intensive applications. Soluna\u2019s proprietary software MaestroOS(\u2122) helps energize a greener grid while delivering cost-effective and sustainable computing solutions, and superior returns. To learn more visit solunacomputing.com. Follow us on X (formerly Twitter) at @SolunaHoldings.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250327596038r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250327596038\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250327596038\/en\/<\/a><\/span><\/p>\n<p>\nCybele Ramirez<br \/>\n<br \/>Director, Marketing<br \/>\n<br \/>Soluna Holdings, Inc.<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ir@soluna.io\">ir@soluna.io<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Hardware Electronic Design Automation Alternative Energy Data Management Energy Green Technology Technology Finance Professional Services Environment Artificial Intelligence Software Networks Internet Cryptocurrency<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Soluna and Luxor Announce Turnkey Mining Success With BitMine New Case Study Explores How Soluna and Luxor Delivered a Seamless, Scalable Mining Model for BitMine ALBANY, N.Y.&#8211;(BUSINESS WIRE)&#8211; Soluna Holdings, Inc. (\u201cSoluna\u201d), (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, including Bitcoin mining and AI, announced today the release of a case study highlighting the success of its strategic partnership with Luxor Technology Corporation (\u201cLuxor\u201d) and BitMine Immersion Technologies (\u201cBitMine\u201d) (OTCQX: BMNR). The study, titled \u201cScaling Hashrate, Simplified: The Turnkey Mining Model That Delivered for BitMine\u201d showcases how Soluna and Luxor joined forces to deliver a seamless, turnkey mining solution, helping BitMine scale operations efficiently while mitigating key industry risks. Soluna provided stable, low-cost renewable power &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/soluna-and-luxor-announce-turnkey-mining-success-with-bitmine\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Soluna and Luxor Announce Turnkey Mining Success With BitMine&#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-830479","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Soluna and Luxor Announce Turnkey Mining Success With BitMine - 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\/soluna-and-luxor-announce-turnkey-mining-success-with-bitmine\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Soluna and Luxor Announce Turnkey Mining Success With BitMine - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Soluna and Luxor Announce Turnkey Mining Success With BitMine New Case Study Explores How Soluna and Luxor Delivered a Seamless, Scalable Mining Model for BitMine ALBANY, N.Y.&#8211;(BUSINESS WIRE)&#8211; Soluna Holdings, Inc. (\u201cSoluna\u201d), (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, including Bitcoin mining and AI, announced today the release of a case study highlighting the success of its strategic partnership with Luxor Technology Corporation (\u201cLuxor\u201d) and BitMine Immersion Technologies (\u201cBitMine\u201d) (OTCQX: BMNR). The study, titled \u201cScaling Hashrate, Simplified: The Turnkey Mining Model That Delivered for BitMine\u201d showcases how Soluna and Luxor joined forces to deliver a seamless, turnkey mining solution, helping BitMine scale operations efficiently while mitigating key industry risks. 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(\u201cSoluna\u201d), (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, including Bitcoin mining and AI, announced today the release of a case study highlighting the success of its strategic partnership with Luxor Technology Corporation (\u201cLuxor\u201d) and BitMine Immersion Technologies (\u201cBitMine\u201d) (OTCQX: BMNR). The study, titled \u201cScaling Hashrate, Simplified: The Turnkey Mining Model That Delivered for BitMine\u201d showcases how Soluna and Luxor joined forces to deliver a seamless, turnkey mining solution, helping BitMine scale operations efficiently while mitigating key industry risks. 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