InvestmentPitch Media Video discusses LUXXFOLIO’s strategic investment from BIGG Digital Assets Inc.

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VANCOUVER, British Columbia, June 10, 2022 (GLOBE NEWSWIRE) — LUXXFOLIO Holdings (CSE:LUXX) (OTCQB:LUXFF) (FSE:LUH), a Canadian-based vertically integrated digital asset company, announced a strategic investment from BIGG Digital Assets Inc. BIGG (CSE:BIGG) (OTCQX:BBKCF) acquired 12.5 million units for $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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A media clip accompanying this announcement is available by clicking the image or link below:

LUXXFOLIO streaming video: LUXXFOLIO streaming video strategic investment from BIGG Digital

For more information, watch the InvestmentPitch Media video with additional information about this news and the company. The video can be viewed at “InvestmentPitch” and further “YouTube† If these links are not enabled, go to www.InvestmentPitch.com and enter “LUXXFOLIO” in the search box.

The net proceeds will be used for future investments and operating expenses, or other such areas as may be determined by the Board of Directors. BIGG now owns approximately 15% of LUXXFOLIO and as long as they hold an equity interest of 10% or more, they will have the right to appoint one member to the Board of Directors of LUXXFOLIO, along with certain pre-emptive rights.

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

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

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Ken MacLean, President of LUXXFOLIO, stated: “We are pleased to welcome BIGG as a major shareholder in LUXXFOLIO. BIGG will be an excellent partner in navigating the opportunities in today’s volatile market. Mark Binns and his team support our vision and their investment allows us to remain opportunistic in executing our 2022 plan

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

Mark Binns, CEO of BIGG, added: “BIGG is primarily a digital asset company – and complementary to our interests in crypto forensics, crypto trading and Metaverse/NFT is crypto mining – a mainstay and essential part of the digital asset economy. We believe that LUXXFOLIO can become a global leader in sustainable crypto mining and has established an outstanding beachhead operation in New Mexico with significant expansion potential. LUXXFOLIO’s team, led by Ken MacLean, has built deep relationships in the crypto mining community and has grown the business through multiple crypto price cycles.

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Ken Maclean, President of LUXXFOLIO, continues: “Our current power costs are equivalent to about $7,900 to produce one Bitcoin. Having stable power prices in a rising inflation environment is an important sustainable differentiator for LUXXFOLIO, as we continue to see other players in the sector take this risk. This coupled with our completed power expansion and delivery of new miners in the next quarter provides a solid foundation for the future

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

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

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

Disclaimer

The information contained in this InvestmentPitch Media Ltd video is intended for viewers only. LUXXFOLIO has paid a fee of up to $2,000 in cash to have its current press release produced in video format. The company information is based on information that is publicly available. All information provided by InvestmentPitch Media Ltd. provided through its media services should not be construed as a recommendation or suggestion or offer to buy or sell securities, but is provided solely as an informational media service. InvestmentPitch Media Ltd makes no warranties or representations as to the accuracy or completeness of this information. All due diligence should be done by the viewer or their financial advisor. Investing in securities is speculative and involves risks.

About InvestmentPitch Media

InvestmentPitch Media harnesses the power of video, which along with its extensive distribution positions a company’s story above the thousands of companies seeking exposure and funding from the financial community. The company specializes in producing short videos based on key press releases, research reports, and other content of interest to investors.

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InvestmentPitch Media Video discusses LUXXFOLIO's strategic investment from BIGG Digital Assets Inc. InvestmentPitch Media Video discusses LUXXFOLIO's strategic investment from BIGG Digital Assets Inc.

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