Luxor has launched Luxor Energy, an energy service for Texas bitcoin miners to manage and pay for power. The service is a certified ERCOT Retail Electric Provider, allowing miners to procure power from ERCOT’s wholesale market through Luxor. Miners can use bitcoin as collateral and settle their power bills through their Luxor accounts.

Luxor Energy offers curtailment and demand response signalling services for miners. The company is working on integrating these services with third-party miner management software. Luxor Director of Derivatives, Matthew Williams, explained that Luxor Energy complements the company’s hashrate forwards offering, helping miners manage hashcost and hashprice to maximize profits.

Overall, Luxor Energy aims to help miners minimize their hashcost while maximizing hashprice through a comprehensive platform. By offering energy management services alongside derivatives trading, Luxor provides miners with tools to optimize their operations and financial performance.

Read more at Yahoo Finance: Luxor Energy goes live, allows miners to pay for power in BTC