Luxxfolio agrees to acquire crypto mining company, WestBlock Capital

VANCOUVER: Luxxfolio Holdings Inc. has entered into a definitive agreement to acquire all of the issued and outstanding shares of privately-held WestBlock Capital Inc., to be effected by way of a three-cornered amalgamation between WestBlock, Luxxfolio and a wholly-owned subsidiary of Luxxfolio. The consideration payable to WestBlock shareholders in the transaction consists of 16 million…

Luxxfolio to buy 590 bitcoin miners for $1.17 million

VANCOUVER: Luxxfolio Holdings Inc. through their wholly owned subsidiary Luxxfolio Network Inc. has placed an order for 590 bitcoin miners 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 million and will be purchased through an asset backed lending (ABL)…