Securing US Based Production: Luxor and MicroBT's Strategic ASIC Purchase Agreement

Background

MicroBT, a leading manufacturer of Bitcoin mining hardware, has established a US-based production line for machines. Luxor recognized the importance of securing reliable hardware access to support its US institutional clientele ahead of the tariff announcements. Luxor secured a contract directly with MicroBT to ensure access to the latest machines. 

Challenge

Luxor’s ASIC Trading Desk faced mounting demand from miners seeking consistent access to the latest-generation machines in the US. Supply chain constraints, market volatility, and changes in tariffs and shipping costs have historically made large-scale procurement unpredictable. Luxor needed to secure access to a high volume of top-tier machines, while also creating a flexible structure to adapt to ASIC market conditions and client needs.

Solution

In December 2024, Luxor announced a strategic partnership with MicroBT, formalizing a $131,400,000 purchase and options agreement. The deal provided Luxor with guaranteed access to thousands of WhatsMiner M56S++ and M66 models, in addition to call options on future ASIC batches, enhancing procurement flexibility for itself and its clients.

Results

The MicroBT partnership has delivered critical benefits to Luxor and its ecosystem:

• U.S.-Based Production: As raw materials are imported in the US and machines are being assembled and waiting assembly in the US, the tariffs are mitigated. Luxor and its clients secured access to well priced machines. 
• Procurement Flexibility: The options structure allows Luxor to navigate hardware price volatility with greater agility, locking in favorable terms while retaining future optionality.

Conclusion

By aligning hardware procurement with client needs, Luxor maintains its position as a critical infrastructure enabler in the mining sector — ensuring timely access to top-tier machines and driving growth.