Luxor, MicroBT deepen ties with $100 million mining rig deal and planned investment

Luxor commits $100 million for MicroBT WhatsMiner mining rigs through a strategic partnership, while MicroBT signs a term sheet to invest in Luxor. This consolidation strengthens both companies' positions in Bitcoin mining. The deal signals confidence in mining profitability despite volatile crypto markets, potentially affecting hardware availability and costs for Indian mining operations seeking equipment upgrades.