Seattle, WA, Feb 4, 2025 – Luxor Technology Corporation (“Luxor”), a leader in Bitcoin mining software and services, today announced it has partnered with TeraWulf Inc. (“TeraWulf”), a vertically integrated digital infrastructure company, to deploy LuxOS firmware across TeraWulf’s bitcoin mining fleet. LuxOS firmware is designed to unlock key performance enhancements, driving increased efficiency, and optimizing hardware reliability in a range of operational conditions.

Through extensive testing and deployment, Luxor has observed significant benefits from LuxOS firmware, including:

• Efficiency and Performance Gains: LuxOS has demonstrated the ability to improve ASIC efficiency by approximately 5% while maintaining hashrate levels. Under optimal conditions, efficiency gains of up to 5.3% and a 5.1% increase in hashrate have been observed, with overclocking delivering up to a 10% hashrate boost in favorable ambient and market conditions.
• Optimized Operations During Repairs: LuxOS' auto-tuning technology enables continued hashing on ASICs with a faulty hashboard, yielding an efficiency increase of approximately 4.4% over stock settings — allowing mining operations to continue uninterrupted.
• Increased Efficiency During High Power Pricing: LuxOS allows for underclocking ASICs, leading to efficiency gains of approximately 12% over stock firmware’s low-power mode, helping mitigate the impact of fluctuating electricity costs.
• Advanced Thermal Management for Hardware Longevity: LuxOS' Advanced Thermal Management (ATM) system prevents overheating by dynamically adjusting performance profiles as temperatures rise. This feature helps sustain hashrate, reduce thermal cycling, and extend hardware lifespan, ensuring long-term reliability.
• Audit and Compliance Leadership: As the only mainstream firmware developed in the United States, LuxOS offers enhanced security and compliance standards, including SOC 2 (Type II) Certification, a key factor for institutional Bitcoin miners seeking best-in-class operational integrity.

Ethan Vera, Chief Operating Officer at Luxor, commented, “We are incredibly excited to work with TeraWulf to further optimize the Company’s mining efficiency through LuxOS firmware. We are continuously impressed with the TeraWulf team’s ability to execute and operate one of the world’s best mining operations.” Sean Farrell, TeraWulf’s Chief Operating Officer, added, "At TeraWulf, we are constantly exploring ways to enhance our mining efficiency while maintaining reliability across our operations. We believe that by deploying LuxOS, we will continue to optimize performance and unlock additional efficiency gains within our fleet. We appreciate the collaborative approach Luxor has taken in working with our team to fine-tune their firmware to meet our operational needs."

About Luxor Technology Corporation

Luxor Technology Corporation is a Bitcoin mining software and services company that offers a suite of products catered toward the mining and compute power industry. Miners interested in optimizing their mining operations can learn more about LuxOS at https://luxor.tech/firmware. Luxor’s suite of software and services includes an Antminer ASIC Firmware, an ASIC Marketplace, a Bitcoin mining Pool, an Hashrate Derivatives Desk, and Hashrate Index a bitcoin mining data platform.