Scaling Global Mining Operations: Hive Digital Partners with Luxor for ASIC Procurement
Background
Hive Digital Technologies (NASDAQ: HIVE) is a leading player in the global Bitcoin mining industry, known for its sustainable approach, one of the fastest-growing hashrate profiles, and international diversification across three continents. As the company continues to expand its global operations, the need for timely access to cutting-edge mining hardware is critical. Hive’s success hinges on both deploying the latest ASICs and maintaining operational uptime through dependable hardware sourcing.
Challenge
Hive Digital’s rapid growth introduced complex procurement challenges:
- Sourcing large volumes of high-performance ASIC miners for below-market prices.
- Coordinating logistics and delivery across multiple international locations, including North America, South America, Europe, and Asia.
- Ensuring hardware quality.
- Acquiring essential components (power supplies, control boards, fans) to support uptime and infrastructure scaling.
To sustain its momentum and optimize its deployment strategy, Hive needed a reliable partner that could deliver both the scale and quality required for global operations.
Solution
Hive partnered with Luxor’s Hardware Trading Desk, leveraging Luxor’s extensive supplier network and market expertise to procure hardware, parts, and handle logistics. Luxor has provided competitive pricing for Hive at below market rates and has flexible supply options. Luxor Hardware Trading Desk stood out for its transparent and timely communication.
Results
Through its collaboration with Luxor, Hive Digital successfully:
- Procured over $22,000,000 in mining hardware to expand global operations over the years.
- Imported and exported machines to almost a half dozen countries, on four continents.
- Streamlined its procurement process with a trusted, responsive partner.
- Positioned itself for continued growth and operational excellence in a competitive market.
Conclusion
Luxor’s hardware sourcing capabilities played a key role in helping Hive maintain its expansion momentum while minimizing friction and maximizing ROI.