LUXXFOLIO benefits from a low Po

VANCOUVER, BC, June 6, 2022 /PRNewswire/ – LUXXFOLIO Holdings Inc. (the “Company” or “LUXXFOLIO”) (CSE: LUXX) (OTCQB: LUXFF) (Frankfurt/Berlin: LUH), a vertically integrated digital asset company, is pleased to announce that it has mined 25.22 bitcoins in the month of May 2022. The company’s total hash rate is currently 180 PH/s.

Mining Snapshot (as of or for the month of May 2022):

  • Bitcoin mine site operating at ~180PH/s (April 30, 2022 – 180 PH/s);
  • Monthly Bitcoin mined total of 25.22 (April 2022 – 25.39 bitcoins);
  • Bitcoin equivalent reserves at the end of the month of 52.4 (April 30, 2022 – 62.6); and
  • 100% of our Bitcoin reserves remain in our securities accounts.

Ken MacleanPresident of LUXXFOLIO commented: “Currently, our electricity costs amount to approximately $7,900 to produce a bitcoin. The stability of electricity prices in a rising inflationary environment is a key sustainable differentiator for LUXXFOLIO, as we continue to see other players in the sector exposed to this risk. This, together with our completed power expansion and the delivery of new miners over the next quarter, provides a solid foundation for the future.”

Recent Company Highlights:

Date

Milestones

November 2021

LUXXFOLIO Provides immersion cooling for crypto mining operations with an expected 25% increase in hash rate (NR 10 Nov 2021);

November 2021

LUXXFOLIO accepts the early delivery of 100 additional miners (total of 735 early deliveries), resulting in a hash rate increase of 162% since September 1, 2021 (NR November 16, 2021);

November 2021

LUXXFOLIO Completes Acquisition of Ethereum Mining (NR 27 Nov 2021);

Dec 2021

LUXXFOLIO Completes Institutional Bought Deal Financing of Approximately $10M Led by Investment Banking Firm PI Financial (NR 2 Dec 2021);

Dec 2021

LUXXFOLIO Completes Order for 500 Additional Bitmain S19J Pro Miners, Increasing Expected Future Hash Rate to 360 PH/s (NR December 16, 2021);

Jan 2022

LUXXFOLIO deploys decentralized vertical storage (NR 31 January 2022)

Estimated schedule of miner installation dates

About LUXXFOLIO

LUXXFOLIO Holdings Inc. is a publicly-listed, vertically integrated digital asset company based in Canada. We operate an industrial scale cryptocurrency mining facility in United States powered primarily by renewable energy with a focus on the blockchain ecosystem and digital asset generation. LUXXFOLIO offers a liquid alternative for exposure to digital assets for the broader capital markets.

Follow us on:

  • Twitter on LuxxfolioH
  • The company diligently posts updates via videos on the company’s official YouTube channel to: Youtube channel
  • Please join the conversation on the Telegram group of our LUXXFOLIO Holdings supporters at: https://t.me/Luxxfolio

The CSE has not reviewed and accepts no responsibility for the adequacy or accuracy of this release.

Certain information contained herein may constitute “forward-looking information” under Canadian securities laws. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expected”, “will” or variations of these words and phrases or statements that certain actions, events or results “will” occur. . Forward-looking statements regarding the Company, its hosting operations, miners and the Company’s development of its growth strategy are based on the Company’s estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company and its subsidiary to differ materially from those expressed or implied by such forward-looking statements or information, including expenditures on fixed assets and other costs. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information incorporated by reference herein, except as required by applicable securities laws.

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SOURCE Luxxfolio Holdings Inc.

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