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VANCOUVER, British Columbia, June 10, 2022 (GLOBE NEWSWIRE) – LUXXFOLIO Holdings (CSE: LUXX) (LUXFF, Financial) (ESF: LUH), a vertically integrated digital asset company based in Canada, has announced a strategic investment by BIGG Digital Assets Inc. BIGG (CSE: BIGG) (OTCQX: BBKCF) acquired 12.5 million units at a price of $ 0.16 per unit. Each unit consisted of one share and one warrant, the warrant being exercisable at $ 0.21 for a period of 24 months, subject to an acceleration clause.

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LUXXFOLIO Streaming Video: BIGG Digital’s LUXXFOLIO Streaming Video Strategic Investment

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Net proceeds will be used for future investment and operating expenses, or other areas as determined by the Board. BIGG now owns approximately 15% of LUXXFOLIO and, as long as it holds a 10% or greater shareholding, will be entitled to appoint a member of the Board of Directors of LUXXFOLIO along with certain preference rights.

BIGG’s core business units are Netcoins (www.Netcoins.ca), the online cryptocurrency brokerage that makes it easier for Canadians to buy, sell and understand cryptocurrency, and Blockchain Intelligence Group (www.blockchaingroup.io), a leading developer of blockchain technology search, risk scoring and data analytics solutions.

LUXXFOLIO was looking for a strategic partner to help fund its next phase of growth in both the traditional Bitcoin mining vertical and, more recently, an entry into a decentralized data storage vertical. Decentralized storage supports advances in cloud computing and includes high-growth areas such as scientific research and development, artificial intelligence (AI), and 3D modeling.

Ken MacLean, president of LUXXFOLIO, said:We are pleased to welcome BIGG as a major shareholder in LUXXFOLIO. BIGG will be a great partner as we navigate the opportunities of today’s volatile market. Mark Binns and his team support our vision, and with your investment, we can continue to be opportunistic in implementing our 2022 plan.”.

LUXXFOLIO operates, through its wholly owned subsidiary, an industrial-scale cryptocurrency mining facility in New Mexico, powered primarily by renewable energy. The mining site is currently operating at approximately 180 PH / s, up 6% month-on-month from the March 31 rate of 170 PH / s and reported that 25.22 Bitcoins were mined during May.

Mark Binns, CEO of BIGG, added: “BIGG is, above all, a digital asset company, and complementary to our holdings in cryptocurrency, cryptocurrency trading, and Metaverse / NFT is cryptocurrency mining, a key and essential component of the digital asset economy. We believe that LUXXFOLIO can become a world leader in sustainable cryptographic mining and has established an excellent beachhead operation in New Mexico with significant expansion potential. The LUXXFOLIO team, led by Ken MacLean, has built deep relationships in the cryptographic mining community and grown the business through multiple cycles of cryptographic pricing.”.

Ken Maclean, president of LUXXFOLIO, continued: “Our current energy costs equate to approximately $ 7,900 to produce a Bitcoin. Having a stable energy price in a rising inflationary environment is a key sustainable differentiating factor for LUXXFOLIO, as we continue to see other industry players at risk. This, together with our full expansion of energy and the delivery of new miners over the next quarter, provides a solid foundation for the future.”.

With its shares listed at $ 0.17 on the CSE under the symbol “LUXX”, the company offers a liquid alternative to exposure to digital assets. The company is also listed on the OTCQB under the symbol “LUXFF” and on the Frankfurt and Berlin Stock Exchanges under the symbol “LUH”.

For more information, visit the company’s website www.luxxfolio.comcontact Dean Linden, Chief Communications Strategist, at 604-398-3837 or by email [email protected]or follow the company on any of its social media platforms, including Twitter, YouTube, LinkedIn, Facebook, and Instagram.

LUXXFOLIO also invites potential shareholders and investors to join the conversation about LUXXFOLIO Holdings’ Telegram group at: https://t.me/Luxxfolio.

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