Luxxfolio Holdings has officially launched its Litecoin mining operations, deploying 20 Bitmain Antminer L9 units at a hosting facility in British Columbia. The move marks the company’s transition into active participation within the Litecoin network.
Alongside mining expansion, Luxxfolio recently acquired more than 2,400 LTC, bringing total treasury holdings to over 24,400 Litecoin. The company describes its approach as a two-pronged strategy: combining direct asset accumulation with infrastructure operation.
CEO Tomek Antoniak said mining represents a core pillar of the firm’s Litecoin-focused vision. By generating Litecoin directly while supporting network security, Luxxfolio aims to strengthen its balance sheet and align its business model with the operational health of the blockchain.
The company has also indicated potential expansion plans in other Canadian provinces as it looks to increase hashrate and scale operations further.
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