LUXXFOLIO : Closes Acquisition of Ethereum Miner and Crypto Assets

LUXXFOLIO HOLDINGS INC.

1080 Mainland Road, Suite 212

Vancouver, BC V6B 2T4

NEWS RELEASE

LUXXFOLIO Closes Acquisition of Ethereum Miner and Crypto Property

VANCOUVER, BC – November 26, 2021 – LUXXFOLIO Holdings Inc. (the “Firm” or “LUXXFOLIO”) (CSE: LUXX) (OTCQB: LUXFF), a vertically-integrated digital asset firm, experiences that each one last situations have been happy and is happy to announce that it has closed its acquisition of Blackcloud Crypto Investments (the “Vendor” or “Blackcloud”), as introduced on NR Sept. 7, 2021.

Below the Buy Settlement, as amended, the Firm will now difficulty 500,003 widespread shares in change for 88 Ethereum mining machines (“Ethereum Miners”), the Vendor’s Internet hosting Transportable Container, and 52 Ethereum cash. These Miners are anticipated to mine between 12-15 Ethereum per 30 days.

Ken MacLean, President of LUXX Mining Division commented, “That is an opportunistic acquisition that we imagine can have a fast payback beneath Ethereum’s present Proof of Work validation mannequin. Strategically, we view this as a low-risk alternative to personal and handle different digital property that we imagine will result in different alternatives for LUXXFOLIO”.

Ryan Johnson, CEO of Blackcloud commented, “We’re excited to have created the chance for our shareholders to take part within the progress that the staff at LUXXFOLIO is creating and look ahead to collaborating of their continued success into the longer term.”

Current Firm Highlights

Date Milestones

Dec 2020: LUXXFOLIO orders 590 Avalon miners (NR Dec. 24, 2020);

Could 2021: LUXXFOLIO orders 2400 Bitmain S19J Professional miners (NR Could 3, 2021);

Jun 2021: LUXXFOLIO completes acquisition of business scale crypto mining operation (NR Jun. 15, 2021);

Jul 2021: LUXXFOLIO receives and installs 590 Avalon miners (NR Jul. 19, 2021);

Aug 2021: LUXXFOLIO declares growth to extend capability from 8MW to fifteen MW (NR Aug. 12, 2021);

Aug 2021: LUXXFOLIO reinvests value rebate and installs an extra 100 Bitmain S19JProfessional miners (NR Aug. 4, 2021);

Sep 2021: LUXXFOLIO enters into settlement to amass Ethereum mining operation (NRSep. 7, 2021);

Sep 2021: LUXXFOLIO enters into swap settlement on 600 miners and receives early supply on 300 (NR Sep. 20, 2021).

Sep 2021: LUXXFOLIO DTC utility accepted (NR Sep. 23, 2021)

Oct. 2021: LUXXFOLIO accepts early supply of an extra 75 Miners (whole of 675 early deliveries) leading to a Hash Charge enhance of 144% since Sept. 1 2021(NR Oct. 14, 2021).

Oct. 2021: LUXXFOLIO confirms order for extra 500 Bitmain S19J Professional miners thereby growing anticipated future hash price to 360 PH/s (NR Oct. 21, 2021)

Nov 2021: LUXXFOLIO Procures Immersion-Cooling for Crypto Mining Operations with anticipated 25% Improve in Hash Charge (NR Nov. 10, 2021)

Nov 2021 LUXXFOLIO accepts early supply of an extra 100 Miners (whole of 735 early deliveries) leading to a Hash Charge enhance of 162% since Sept. 1 2021(NR Nov. 16, 2021)

Estimated Calendar Miner Supply Dates

• This autumn 2021: 190 Miners
• Q1 2022: 600 Miners
• Q2 2022: 1100 Miners
• Q3 2022: 300 Miners

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About LUXXFOLIO

LUXXFOLIO Holdings Inc. is a publicly-tradedvertically-integrated digital asset firm primarily based in Canada. We function an industrial scale cryptocurrency mining facility in the USA, powered primarily by renewable vitality, with a concentrate on the blockchain ecosystem and era of digital property. LUXXFOLIO offers a liquid various for publicity to digital property for the broader capital markets.

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Contact Data:

For extra data, please contact:

Dean Linden, Chief Govt Officer

Tel: (604) 398-3837

E-mail: dlinden@luxxfolio.com

www.luxxfolio.com

The CSE has not reviewed and doesn’t settle for duty for the adequacy or accuracy of this launch.

Sure data contained herein might represent “forward-looking data” beneath Canadian securities laws. Typically, forward-looking data may be recognized by way of forward-looking terminology comparable to “will probably be”, “anticipated”, or variations of such phrases and phrases or statements that sure actions, occasions, or outcomes “will” happen. Ahead-looking statements concerning the Firm, its internet hosting operations, miners, hash price, and the Firm’s improvement of its progress technique are primarily based on the Firm’s estimates and are topic to identified and unknown dangers, uncertainties and different components that will trigger the precise outcomes, stage of exercise, efficiency or achievements of the Firm and its subsidiary to be materially completely different from these expressed or implied by such forward-looking statements or forward-looking data, together with capital expenditures and different prices. There may be no assurance that such statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking statements and forward-looking data. The Firm is not going to replace any forward-looking statements or forward-looking data which might be included by reference herein, besides as required by relevant securities legal guidelines.

Disclaimer

Luxxfolio Holdings Inc. printed this content material on 25 November 2021 and is solely accountable for the knowledge contained therein. Distributed by Public, unedited and unaltered, on 26 November 2021 05:39:05 UTC.