Luxxfolio Receives A Strategic Investment From Bigg Digital Assets
06/09/22, 8:49 AM
Location
vancouverLUXXFOLIO Holdings Inc. (the "Company" or "LUXXFOLIO") (CSE: LUXX) (OTCQB: LUXFF) (Frankfurt/Berlin: LUH) a vertically-integrated digital asset company is pleased to announce that BIGG Digital Assets Inc. ("BIGG") (CSE: BIGG) (OTCQX: BBKCF) has made a strategic investment of CAD $2.0 million into LUXXFOLIO for 12.5 million common shares, and 12.5 million warrants (the "Unit Offering"). Through this investment BIGG now owns ~15% of LUXXFOLIO.
Company Info
Location
vancouver, washington, united states
Additional Info
Recent Company Highlights Date MilestonesDec 2020: LUXXFOLIO orders 590 Avalon miners (NR Dec. 24, 2020);May 2021: LUXXFOLIO orders 2400 Bitmain S19J Pro miners (NR May 3, 2021);Jun 2021: LUXXFOLIO completes acquisition of industrial scale crypto mining operation (NR Jun. 15, 2021);Jul 2021: LUXXFOLIO receives and installs 590 Avalon miners (NR Jul. 19, 2021);Aug 2021: LUXXFOLIO announces expansion to increase capacity from 8MW to 15 MW (NR Aug. 12, 2021);Aug 2021: LUXXFOLIO reinvests price rebate and installs an additional 100 Bitmain S19J Pro miners (NR Aug. 4, 2021);Sep 2021: LUXXFOLIO enters into swap agreement on 600 miners and receives early delivery on 300 (NR Sep. 20, 2021).Sep 2021: LUXXFOLIO DTC application approved (NR Sep. 23, 2021)Oct. 2021: LUXXFOLIO accepts early delivery of an additional 75 Miners (total of 675 early deliveries) resulting in a Hash Rate increase of 144% since Sept. 1 2021 (NR Oct. 14, 2021).Oct LUXXFOLIO provides a liquid alternative for exposure to digital assets for the broader capital markets.