Luxor acquires mining media company, MinerUpdate
Over the past three years, Luxor has been focusing on providing analysis, data, and information on the mining industry as a complement to our core hashrate business. While the industry has come a long way since 2017 there are still many corners of the market that are opaque and deserve more coverage & transparency.
That is why we are excited to acquire MinerUpdate, one of the best names in the mining media space. The acquisition will bolster our ability to deliver more mining-related information to a larger audience.
MinerUpdate is known for the conference (Mining Summit) they organized in Sichuan, China. This was the first conference in the industrial-mining age that brought together mining companies from both China and the West. They have also focused on bridging the gap between China and the West, a tall order given language and cultural barriers. The significance of this can’t be overstated. Together, we are all building the infrastructure and security for the Bitcoin network.
While 2021 has been an amazing year for the mining industry, we are focusing on the long-term now more than ever. It is still early, and we are excited to play a role in the future of the security of the network.