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[December 24, 2020] Luxxfolio to acquire 590 bitcoin miners VANCOUVER, BC, Dec. 24, 2020 /CNW/ - Luxxfolio Holdings Inc. (the Company ) (CSE: LUXX) is pleased to announce that through their wholly owned subsidiary Luxxfolio Network Inc. ( Luxx Network ), has placed an order for 590 bitcoin miners ( Assets ) with an aggregate operating hash power of 53.1 Petahash (PH) per second. The cost of the Assets is approximately USD$1,990 per unit or USD$1,174,100 and will be purchased through an asset backed lending ( ABL ) structure sponsored by Arctos Capital out of San Francisco. Luxx Network, through its secured permission-based database will track, record and transact the hash power generated by the Assets. Luxx Network anticipates appointing a custodian to host these Assets which includes, but is not limited to, Ocean Falls Blockchain ( Ocean Falls ). The Company recently entered into a non-binding term sheet with Ocean Falls to acquire 100% of that entity, which is ....