Soluna Holdings and Luxor Technology Corporation have enabled Bitmine Immersion Technologies to triple its bitcoin ( BTC) mining capacity through a turnkey model combining renewable energy infrastructure, financial hedging, and operational optimization, according to a case study released this week.

Bitmine, which specializes in immersion-cooled bitcoin mining rigs, sought to scale its hashrate while avoiding pitfalls like energy price spikes, equipment overpayments, and deployment delays. Soluna provided 13MW of low-cost renewable power at its Project Sophie and Dorothy data centers in Texas and Kentucky, ensuring stable electricity costs.

Luxor contributed financing, application-specific integrated circuit (ASIC) procurement, and firmware optimization via its LuxOS platform, alongside a 12-month hashrate hedging contract to lock in revenue predictability. The collaboration increased Bitmine’s nameplate hashrate to 251.056 PH/s—a threefold jump—while reducing downtime and streamlining hardware deployment.

Luxor’s firmware improved fleet efficiency by 10% compared to industry averages, according to the study. “This case study showcases how a well-executed partnership can eliminate uncertainty in bitcoin mining,” said Soluna CEO John Belizaire. Luxor COO Ethan Vera highlighted Bitmine’s “sophisticated structures,” crediting the integration of services for enabling rapid scaling.

Bitmine’s immersion technology, which submerges hardware in cooling fluid, complements Soluna’s renewable-powered sites. The company now operates across low-cost energy regions in Trinidad, Texas, and Kentucky. The model sets a precedent for integrated mining solutions, merging power, operations, and financial tools. Soluna and Luxor plan to replicate the framework for other bitcoin miners, emphasizing predictability in an industry often disrupted by volatility.

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