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Partnership announcement

Canada Computational Unlimited Inc. Partners with Luxor Technology Corporation on Hashrate Management

JOLIETTE, QC, June 7, 2021 /PRNewswire/ - Canada Computational Unlimited Inc. doing business as CCU.ai ("CCU.ai"), a bitcoin mining center located in the Province of Québec, Canada is pleased to announce that it has entered into an agreement with Luxor Technology Corporation ("Luxor") to work together on hashrate liquidation. In this partnership, Luxor will utilize proprietary mining pool and switching algorithms to maximize the value of CCU.ai's mining operations.

"Luxor has rapidly proven their top-of-the line software approach for the blockchain industry and for mining bitcoins particularly. Using the Luxor pool for the past weeks has shown tremendous results and stability, we can't wait to scale more with them while at the same time securing the crypto-currency world with our renewable energy and efficient operation," said Romain Nouzareth, CCU.ai CEO and Co-Founder.

Since its inception, CCU.ai has pursued a vision of environmental stewardship and increased performance throughout the cryptocurrency mining process. The availability of energy from renewable sources in the province of Québec has made this endeavor feasible and a great base for future growth. To further growth CCU.ai has recently announced it entered into an agreement with Capricorn (TSXV: CAK.H).

"The CCU.ai team has built a phenomenal mining business, powered through renewable energy. We are excited to further support the move towards carbon-neutral sources of energy and this partnership attests to Luxor's ability to maximize the value of hashrate and provide a catered solution to institutional miners." stated Ethan Vera, Luxor COO.

About CCU.ai

CCU.ai was incorporated pursuant to the Business Corporations Act (Québec) on November 16, 2017. Since its creation, CCU.ai operates a high-density computation center built for high-grade cryptocurrency mining, AI data processing and fintech infrastructure located in the city of Joliette in the Province of Québec. In 2018, CCU.ai contracted with Hydro-Joliette to purchase up to 20 MW of hydro-electrical power to be used for crypto mining. 2.5 MW are currently used by CCU.ai to produce 32 PH/s of Bitcoin mining power (hashrate) and 6 GH/s of Ethereum mining power. CCU.ai has mined 421 Bitcoin since its creation. CCU.ai has built the capacity to use an additional 5 MW of power and is ready to host new mining rigs for cryptocurrency. The capacity to use the remaining 12.5 MW is set to be built in the coming months.

About Luxor Technology Corporation

Luxor is a fast-growing technology company that is shaping the future of hashrate as a commodity, building the next-generation digital pipelines for computer power. Luxor is backed by notable investors such as Argo Blockchain, Bitnomial, Celsius Network, Routemaster Capital, and more. Luxor also runs Hashrate Index, the leading crypto-mining data website.

SOURCE Canada Computational Unlimited Inc.

More announcements from Luxor

Funding announcement

Luxor Technology Closes $5.0M Round Led by NYDIG, With Participation From US Mining Firms

Luxor Technology Corporation ("Luxor") announced today the closing of a $5.0 million Series A led by institutional Bitcoin technology and financial services firm NYDIG. In addition to leading the equity round, NYDIG will collaborate with Luxor on a number of mining-related ventures and hashrate-based products. Also participating in the equity round are mining companies Blockware Solutions, Celsius Network, DPO, Navier, and Supplybit. In addition, Bitnomial, Hodl Capital, and Routemaster participated alongside many strategic angel investors. "We at Luxor are incredibly honored and excited to work alongside NYDIG to provide much-needed products and services to miners. Luxor is uniquely positioned to capitalize on industry tailwinds that see hashrate continuing to migrate to North America. With NYDIG’s exceptional track record, reputation and talent we will be able to revolutionize the way hashrate is harnessed, valued, traded and hedged. My co-founders Eddie Wang, Ethan Vera, and Guzman Pintos, along with the rest of the Luxor Team, are eager to continue building," said Nick Hansen, CEO and co-founder of Luxor. Luxor and NYDIG offer complementary products to the rapidly evolving mining industry. Both firms are providing best-in-class services to miners looking to improve their operations and investors getting exposure to mining. By combining forces on the product side, Luxor and NYDIG can further improve the mining solution and help grow the North American mining industry. "We’re pleased to lead this Series A funding round and are thrilled to partner with Luxor to develop first-of-their-kind products and competencies for North American miners," said Robert Gutmann, co-founder and CEO of NYDIG. "We’re confident in Nick’s vision and his team’s ability to drive and expedite the hashrate migration to North America, and the development of instruments that can strengthen the Bitcoin ecosystem." Proprietary technology developed by Luxor has the potential to supercharge returns for miners. Luxor’s Switch software product is a profit-switching algorithm that maximizes earnings by switching between blockchains and venues to maximize hashrate rewards. About Luxor Luxor is a fast-growing technology company that is shaping the future of hashrate as a commodity, building new-gen digital pipelines for compute power. Learn more at Luxor.tech and on their Twitter. About NYDIG NYDIG provides Bitcoin investment and technology solutions to insurers, banks, corporations, institutions, and HNW individuals. The firm and its products meet the industry’s highest regulatory, audit, and governance standards. Learn more at nydig.com, or connect on LinkedIn and Twitter.

Partnership announcement

Neptune Expands Bitcoin Mining Operations Through a Partnership with Luxor Technology Corporation

Vancouver, British Columbia--(Newsfile Corp. - May 26, 2021) - NEPTUNE DIGITAL ASSETS CORP. (TSXV: NDA) (OTC: NPPTF) FSE: 1NW) ("Neptune" or the "Company") is pleased to announce that it has entered into a hashrate management agreement with Luxor Technology Corporation (Luxor). In this partnership, Neptune and Luxor will jointly work on hardware sourcing, mining machine hosting, and physical and virtual management of rigs, while utilizing Luxor’s proprietary mining pool technologies. This agreement enables Neptune to grow its North American Bitcoin mining operations by outsourcing critical hands-on expertise in order to keep internal costs and headcount as low as possible. The Company expects additional ASIC mining machines to come online through this partnership in the next 90 days, while it carefully navigates ASIC price swings during volatile Bitcoin moves. “We are pleased to launch our initiative with Luxor in the United States and look to grow that relationship and our associated mining operations in the coming weeks and months”, stated Cale Moodie, Neptune’s Chief Executive Officer. “We are excited to leverage Luxor’s deep expertise in Bitcoin mining, ASIC markets, hashrate management, and pool services to build a highly profitable mining program. Neptune is positioned extremely well given $40M in capital was raised towards the near-term market top and now we can secure assets at much lower prices. The market timing has worked in our favor and we reiterate to our shareholders, that in this sector, patience pays off.” “Luxor is very excited to work with Neptune on growing its mining operations. Neptune’s professional team will combine with our experience in hashrate management and pool services to allow us to maximize hashrate earnings, creating a mutually beneficial relationship,” stated Ethan Vera, Luxor COO. At the time of this release, Neptune’s staking operations currently generates $360,000 per month and Neptune currently holds $47.1M in cash and digital assets. The Company now holds 100 BTC, 270 ETH, 141,000 ATOM, 2,055 DASH, 1,439,481 FTM, and positions in LTC, DOT, BCH, Stellar, NEO, OMG, and QTUM; as well as its investment in the Protocol Quant Fund. The Company has 298 ASIC S17 Bitcoin mining machines currently hosted with Link Global Technologies. About Neptune Digital Assets Corp. Neptune Digital Assets aims to be a cryptocurrency leader with diversified assets and cryptocurrency operations across the digital asset ecosystem including bitcoin mining, tokens, proof-of-stake cryptocurrencies, decentralized finance (DeFi) and associated blockchain technologies. About Luxor Technology Corporation Luxor is a fast-growing technology company that is shaping the future of hashrate as a commodity, building the next-generation digital pipelines for computer power. Luxor is backed by notable investors such as Argo Blockchain, Bitnomial, Celsius Network, Routemaster Capital, and more. Luxor also runs Hashrate Index, the leading crypto-mining data website.

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