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Luxor Technology Expands into Energy Management for Crypto Miners
Yahoo Finance· 2025-10-10 11:30
Core Insights - Luxor Technology Corporation has launched a new energy division, Luxor Energy, aimed at providing comprehensive energy management services for Bitcoin mining operations [1] - The company is positioning itself as a vertically integrated service provider in the energy-intensive digital asset sector, managing over one gigawatt of Bitcoin mining hardware [2] - Luxor Energy will offer services such as Demand Response, Ancillary Services, and Peak Avoidance programs, which are increasingly valued by grid operators [3][4] Energy Management Services - Luxor Energy's retail electricity provider service will accept collateral in Bitcoin and offer reduced collateral requirements for users of the Luxor Pool [5] - An automated system is being developed to pay client energy bills, netting them against their mining pool balance [5] Intelligent Mining System - A key offering is the Intelligent Mining system, which optimizes mining machine performance by integrating dispatch signals with real-time data on hashrate and power prices [6] - Field results in ERCOT's West Texas region have shown an 8–14 percent improvement in profitability compared to traditional mining methods [7] Industry Trends - The expansion into energy management reflects a broader industry focus on efficient power management and grid participation, which are critical for miners' profitability [8] - This move also aims to address regulatory concerns regarding high energy use by presenting miners as flexible grid resources [8]