
Luxxfolio Announces 228-Miner Expansion of Litecoin Mining Operations
Newsfile Corp
Published: Aug 27, 2026, 06:00 PM GMT+9
Sentiment Analysis
Vancouver, British Columbia--(Newsfile Corp. - August 27, 2026) - Luxxfolio Holdings Inc. announces that 228 additional Bitmain Scrypt miners have been installed and are operational at DMG Blockchain Solutions Inc.'s Christina Lake facility in British Columbia. Following commissioning, the Company's operating fleet totals 288 miners, compared with its previously announced 60-miner fleet. Revenue guidance. Based on cryptocurrency prices, network conditions and expected fleet availability as of the date of this release, management expects the expanded fleet to generate approximately CAD$120,000 in gross mining revenue per month. The estimate includes Litecoin and merge-mined digital assets, is stated before hosting, power and other operating costs, and is not a forecast of net income or cash flow. Actual monthly results will vary with coin prices, network difficulty, block-discovery variance, fleet uptime and foreign-exchange rates. All dollar amounts are in Canadian dollars unless otherwise indicated. Operational highlights Fleet online: 288 operational miners, up from 60, a 380% increase in miner count. Added capacity: The 228 new miners contribute approximately 3.83 TH/s of aggregate nameplate Scrypt hashrate, increasing to a total of approximately 4.75 TH/s. Monthly revenue guidance: Approximately CAD$120,000 in gross mining revenue at current prices and network conditions, before operating costs. Integrated infrastructure: The fleet is solo mining through LuxxPool, the Company's in-house Scrypt mining software stack currently under active development. From 60 to 288 operational miners The original 60-miner fleet operated through the first half of 2026 and reached the milestone of 500 self-mined Litecoin in May. Luxxfolio subsequently closed an oversubscribed non-brokered private placement on July 20, 2026, for gross proceeds of approximately $1.55 million and allocated approximately $1.0 million toward additional Scrypt mining equipment. The new equipment has now been delivered, installed and brought online. As part of the commissioning process, three previously idle miners from the original fleet were also returned to service using replacement power-supply units delivered with the new order. Vertically integrated Scrypt mining Luxxfolio's machines are solo mining through LuxxPool rather than directing hashrate to a third-party pool. The software stack is being developed in-house and includes Stratum infrastructure, merge-mining functionality, wallet integrations and an operator dashboard. LuxxPool is not yet available to the public; its deployment across the Company's own fleet provides a live operating environment for continued development. Scrypt mining enables the same computing work to support Litecoin while also earning rewards from compatible merge-mined networks, including Dogecoin, without diverting hashrate from Litecoin. Luxxfolio believes its hosted power arrangement, efficient ASIC fleet and avoidance of third-party pool fees provide a strong foundation for competitive mining economics. "This is an operating milestone: the expanded fleet is installed, online and hashing," said Tomek Antoniak, CEO & Director of Luxxfolio. "Based on current prices and network conditions, we expect the fleet to generate approximately CAD$120,000 in gross monthly revenue before operating costs. Running on the LuxxPool stack we are building in-house also gives us direct production data as we continue developing the software toward a public product." Outlook Luxxfolio will focus on operating performance, uptime and production from the 288-miner fleet while continuing to develop LuxxPool. The Company expects to provide operating updates as reliable production data becomes available and will continue to evaluate further expansion opportunities, subject to market conditions, equipment availability, power capacity and expected returns.
Source: Newsfile Corp
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