Luxor

The company's core offerings include the Luxor Bitcoin Mining Pool, a Full-Pay-Per-Share (FPPS) pool that absorbs variance risk on behalf of miners in exchange for predictable daily, weekly, or monthly payouts; LuxOS, a proprietary Antminer-compatible firmware engineered in-house using the Rust programming language; and an ASIC hardware trading desk that brokered $177 million in hardware in 2023 and averaged approximately $1 million per day throughout 2024. Hashrate Index, Luxor's public data platform, publishes the Bitcoin Hashprice Index (the expected USD value of 1 PH/s per day, derived from a 144-block lagging average of transaction fees, block subsidy, network difficulty, and spot bitcoin price), now a standard reference metric across the mining industry.

Hashrate derivatives have developed into a significant product line. Luxor offers OTC hashrate forwards and hashrate-collateralized financing, enabling miners to hedge revenue or raise capital without liquidating bitcoin. In 2024, the derivatives desk executed over 800 deals with more than 200 unique counterparties, averaging $1.2 million in daily notional volume. In May 2024, Luxor partnered with Bitnomial (a CFTC-registered U.S. derivatives exchange) to list exchange-traded Bitcoin hashrate futures, the first Bitcoin mining derivative product on a regulated U.S. venue. By 2025, total notional traded on Luxor's OTC forward book had reached nearly $200 million, with the company projecting several hundred million in full-year 2025 volume.

Named clients include Genesis Mining (a multi-year pool partnership), Sato (five-plus years on Luxor Pool), Soluna, and TeraWulf, which contracted with Luxor in February 2025 to deploy LuxOS across its operating fleet. In December 2024, Luxor's ASIC Trading Desk announced a $131.4 million purchase-and-options agreement with MicroBT, comprising a $93.2 million firm purchase of Whatsminer rigs and a $38.2 million option tranche. The company reports more than 3,000 businesses across its platform, served by 109 employees.

Luxor raised $750,000 in a pre-seed round in December 2020 and a $5 million Series A in June 2021 led by NYDIG; total disclosed capital is approximately $5.72 million. Investors include NYDIG, Hivemind Ventures, and Black Creek Digital. Nick Hansen, co-founder, serves as CEO.

Signal Engine, an energy-dispatch product designed to automate economic dispatch and ancillary market participation within Luxor's existing pool and firmware dashboard, was under active development as of 2025. LuxOS carries a cited hashrate improvement of 10, 15% per machine without additional capital expenditure, a figure driving firmware adoption among large fleet operators and colocation providers.