Share this article
Luxor Launches New Business for Buying and Selling Bitcoin Mining Machines
The company aims to simplify the procurement process for high-performance ASIC mining computers for both institutional and retail customers.
By Aoyon Ashraf
Updated May 11, 2023, 7:14 p.m. Published Jan 11, 2022, 2:00 p.m.
Luxor Technology, the bitcoin and crypto service provider, is starting a new brokerage business for buying and selling high-performance bitcoin mining machines.
The Luxor “ASIC Trading Desk” will purchase and sell specialized application-specific integrated circuit (ASIC) mining computers on behalf of the Luxor team, miners and investors.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
“After moving tens of thousands of machines and serving miners across a few continents, we established a streamlined process for procuring equipment,” said Lauren Lin, Luxor operations manager, in a statement on Tuesday. The product will serve both institutional and retail customers.
The prices of the mining computers on primary and secondary markets are volatile and differ based on macroeconomic conditions, regions and market cycles, the company said. “The Luxor ASIC Trading Desk will trade in these markets, taking principal positions in ASICs to help miners gain access to rigs at fair market prices,” the company added.
Luxor said that the new business line is the first to start a trading desk solely dedicated to these high-performance mining computers. “Our goal is to simplify the procurement process so our miners can spend more time building hashrate and less time worrying about how to find it,” Luxor Vice President of Business Development Alex Brammer said
On Dec. 8, digital asset mining and staking firm Foundry Digital said it launched FoundryX, a new marketplace for buying and selling bitcoin mining machines.
In November, Compass Mining, a bitcoin mining service provider, also said that it launched a resale market for retail miners to sell mining hardware. The company’s CEO, Whit Gibbs, said that hundreds of millions of dollars in miners are being sold on the secondary market every month, indicating high demand.
Read more: Compass Mining Launches Resale Market for Bitcoin Mining Equipment
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Crypto’s Machine Learning ‘iPhone Moment’ Comes Closer as AI Agents Trade the Market
Recall Labs, a firm that has run 20 or so AI trading arenas, pitted foundational large language models (LLMs) against customized trading agents.
What to know:
- Specially customized AI trading tools outperformed LLMs such as GPT-5, DeepSeek and Gemini Pro.
- Rather than simply using profit and loss to measure success, AI agents balance risk and reward when faced with a multitude of market conditions.
- As in TradFi, hedge funds and family offices with the resources to invest in the development of custom AI trading tools will be first to reap the rewards.
Top Stories
