Luxor Technology, a Bitcoin mining company and pool operator, will provide pool services to Atlas Mining as part of a new partnership between the two companies. Atlas will use Luxor’s services in its 100 megawatt (MW) mining operation, which is currently under construction as a result of a collaboration with mining service provider Compute North.
“We are delighted to announce this partnership,” said Atlas founder Raymond Yuan in a press release sent toULTCOIN365. “Atlas is a global company committed to leading the industry through best-in-class local partners such as Luxor and Compute North. Luxor’s advanced pool operation, research, and innovation are all in line with our values. We are looking forward to a long-term, fruitful collaboration.”
Atlas expects to complete the first phase of its Compute North deployment by December 15, according to the release. The 100 MW farm, however, will not be fully operational until the first quarter of 2022. Atlas joins other major bitcoin miners, including Compute North, Hut 8, and Argo Blockchain, in collaborating with Luxor.
Luxor offers bitcoin miners in North America products such as Hashrate Index, a platform that provides transparent information on expected revenue; bitcoin mining pool software servers; and Luxor Switch, a proprietary profit-switching tool that seeks to maximize rewards by employing hashrate to different blockchains while being paid in BTC. The company raised $5 million in a funding round led by bitcoin services firm NYDIG in June.
“We are excited to be partnering with Atlas Mining as they expand their mining footprint in North America,” said Alex Brammer, Luxor’s VP of business development, in a press release. “Atlas’ emphasis on long-term, strategic partnerships with North American Bitcoin mining service providers such as Luxor and Compute North demonstrates its vision for a sustainable, globally distributed, yet locally resourced Bitcoin mining network.”