Luxor announces partnership with Canaan to provide financing support for Bitcoin mining machines

ChainCatcher news, according to The Miner Mag, Luxor has partnered with Canaan to provide financing support for Bitcoin mining machines. The first project of this collaboration helped a U.S. institutional miner procure over 5,000 Avalon A15 Pro mining machines in August. The financing plan offers competitive interest rates and lower collateral requirements, with funds coming from Luxor's lending partners. As the hardware arms race among North American Bitcoin mining companies cools down, Canaan hopes to promote institutional adoption of its equipment through financing options and support sales growth.