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The Agreement is for a term of 36 months, and there will be no exchange of money or securities as part of the deal. Entering into the Agreement paves the way for the next stage of AQUA's Bitcoin mining operations which will be announced in due course. Financing: Luxor will provide AQUA with advisory services on equity, debt and equipment financing.įurthermore, Luxor will manage all of the Company's future Bitcoin mining operations which are in an advanced stage of development.These services include the coordination of logistics and delivery to final location. ASIC brokerage: Luxor will provide AQUA with ASIC brokerage and procurement services.Colocation sourcing and referral: Luxor will provide advisory/consulting services during the contract negotiation, due diligence, commissioning, and management phases.Mining pool service: Luxor will provide AQUA with institutional-grade Mining Pool services for BTC, ETH, and other "Proof of Work" digital assets.Under the terms of the Agreement, Luxor will provide to AQUA the following four core services: Luxor will manage AQUA's application-specific integrated circuit ("ASIC") mining hardware procurement, carbon neutral power procurement, and data centre support services, and provide financing advisory services. (CSE: AQUA) ("AQUA" or the "Company"), is pleased to announce that it has entered into a managed service agreement (the "Agreement") with Luxor Technology Corporation ("Luxor"), a US-based Bitcoin mining technology and services company, that operates one of North America's largest bitcoin and proof-of-work software including the Luxor mining pool. Vancouver, British Columbia-(Newsfile Corp.
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