Soluna Holdings and Luxor Technology have partnered with Bitmine Immersion Technologies to deploy a turnkey Bitcoin mining solution that triples operational capacity while reducing risks related to energy volatility and equipment costs.
Bitmine Scales Mining Operations via Soluna-Luxor Partnership
Soluna Holdings and Luxor Technology Corporation has enabled Bitmine Immersion Technologies to triple its Bitcoin (BTC) mining capabilities through a turnkey model that combines renewable energy infrastructure, financial hedging and operational optimization, according to a case study released this week.
Bitmine, which specializes in immersion-cooled Bitcoin mining rigs, has attempted to scale hashrates while avoiding pitfalls such as energy price spikes, equipment overpayments and delays in deployment. Soluna has provided 13MW of low-cost renewable power at Sophie and Dorothy data centers in Texas and Kentucky, ensuring stable power costs.
In addition to a 12-month hashrate hedging agreement to lock in revenue predictability, Luxor contributed to funding, application-specific integrated circuit (ASIC) procurement and firmware optimization through the Luxos platform. The collaboration increased Bitmine’s nameplate hashrate to a 3x jump of 251.056 pH/s, but reduced downtime and streamlined hardware deployment.
Research shows that Luxor firmware improved fleet efficiency by 10% compared to industry averages. “This case study shows how well-executed partnerships can eliminate the uncertainty of Bitcoin mining,” said John Beliséa, CEO of Solna. Luxor COO Ethan Bella highlights Bitmine’s “sleek construction” and honors the integration of services to allow for rapid scaling.
Bitmine’s immersion technology, which immerses hardware in coolant, complements Soluna’s renewable-equipped site. The company is currently operating in low-cost energy regions in Trinidad, Texas and Kentucky. This model sets precedents for integrated mining solutions and merges power, operations, and financial tools. Soluna and Luxor are planning to replicate other Bitcoin miners frameworks, highlighting the predictability of the industry, often disrupted by volatility.
