A new service called Luxor Logistics was introduced by Luxor Technologies with the goal of helping cryptocurrency miners buy and distribute hardware across international borders. This action is being taken as the industry gets ready for the impending bitcoin halving, which will cut mining incentives in half. Additionally, miners must spread geographically to avoid governmental scrutiny.
Luxor Logistics seeks to provide miners with straightforward solutions by tackling the intricate issues related to foreign customs. This launch’s timing is deliberate since it offers miners vital assistance at a time when the bitcoin market is at a low point and effective operations are more vital.
Although Foundry had already introduced a comparable service, Luxor sets itself apart thanks to its vast knowledge of international maritime shipping and its ability to negotiate favorable freight rates from its US base. Over 30 countries worldwide have already received mining equipment valued at over $245 million thanks to the company’s assistance.
Luxor’s current offerings, such as its industry-insight-provider ASIC Trading Desk, are enhanced with the addition of Luxor Logistics. With record hash rates and increased regulatory attention on the bitcoin network, the company’s multimodal approach aims to bolster miners’ operations.
