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Bitcoin Mining Derivatives Provider Seeks Texas Retail Provider Certificate
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Luxor Technology Corporation applied for a Texas retail electric provider certificate
As of publication time, only a cover letter was available on the PUC's docket interchange, and Luxor's full application was not posted
The cover letter indicates that Luxor Technology Corporation will seek an Option 2 REP certificate, limited to serving customers 1 MW and larger which provide an affidavit agreeing to such service
Among other things, Luxor offers bitcoin miners and investors a derivative contract listed on a CFTC-approved exchange
Luxor on its website also states that Luxor Commodities LLC has obtained regulatory approval from the CFTC to operate as an Introducing Broker (IB), which the company says enables it to assist miners in hedging various risk exposures, including energy costs (power, natural gas, etc.) as well as revenue (hashprice), and treasury (bitcoin)
Luxor also provides various other software and financial services for bitcoin mining, including various energy market insights and data
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January 7, 2025
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Copyright 2024 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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