13-4-2025 – Luxor Technology is carving a path to simplify bitcoin mining for operators of all scales. With an arsenal of innovative offerings—spanning mining pools, data analytics, hash rate derivatives, and ASIC brokerage—the company is empowering miners to refine and expand their ventures with confidence.
At the helm of Luxor’s strategic growth is Aaron Forster, who joined as director of business development in October 2021. A veteran of Canada’s energy sector, Forster brings a decade of expertise to the table, having witnessed Luxor’s team swell from a modest 15 to a robust 85 in just over three years. His insights into the evolving landscape of bitcoin mining will take centre stage at the upcoming BTC & Mining Summit at Consensus, where he’ll explore the industry’s trajectory in Canada and the United States. Ahead of the event, Forster offered a glimpse into Luxor’s mission, touching on the industry’s pivot towards artificial intelligence, the increasing sophistication of mining operations, and how Luxor’s tools help miners navigate a sea of risks.
Luxor’s mining pools stand as a cornerstone of its offerings, designed to stabilise the unpredictable tides of solo mining. Forster likens solo mining to a lottery, where miners might strike a block reward swiftly or labour for decades while footing energy bills. Luxor’s Full-Pay-Per-Share (FPPS) model, a hallmark of its bitcoin pool, flips this uncertainty on its head. Miners receive steady payouts based on their submitted shares, regardless of whether the pool secures a block. “It’s like we’ve become an insurer for miners,” Forster explains, noting that this revenue certainty hinges on a stable hash price. Yet, this model shifts risk onto Luxor’s shoulders, demanding a fortified balance sheet and strategic partnerships to weather the volatility.
Beyond pools, Luxor has emerged as a titan in the ASIC brokerage arena, particularly in North America’s secondary market. Acting primarily as a matchmaker between buyers and sellers, the company has facilitated deals across more than 35 countries, serving everyone from retail enthusiasts to publicly listed firms. While Luxor occasionally dips into principal positions—purchasing ASICs with its own capital for resale—its core strength lies in bridging market gaps with precision and trust.
The company’s ambition doesn’t stop there. Luxor has pioneered the first hash rate futures contracts, a bold step to integrate bitcoin mining with traditional finance. These contracts allow miners to sell future hash rate, securing bitcoin upfront to fuel expansion or procure equipment. For investors, it’s a chance to bet on hash price fluctuations without owning mining rigs, offering a synthetic gateway to the industry’s yields. “It’s about collateralising hash rate,” Forster says, highlighting how miners can leverage these tools for growth while institutions gain exposure at a discount. The market, he notes, teems with buyers eager to lend bitcoin for returns, creating a vibrant ecosystem of opportunity.
What excites Forster most is the industry’s broader evolution. Bitcoin mining, once a niche pursuit, is morphing into a springboard for larger ventures, particularly in artificial intelligence. Miners are no longer just powering rigs; they’re becoming infrastructure providers for AI’s voracious energy demands. Forster points to deals like Core Scientific’s partnership with Core Weave as a beacon of this shift, blending mining’s agility with AI’s scale. Luxor, too, is adapting, crafting products that mirror the needs of this nascent high-performance computing space. “It’s early days,” he admits, but the convergence feels like a natural progression—one that lends mining newfound legitimacy.
