Mr. Tomek Antoniak reports
LUXXFOLIO COMMENCES LITECOIN MINING OPERATIONS
Luxxfolio Holdings Inc. has commenced Litecoin mining operations, marking an important milestone in the execution of its Litecoin-focused strategy.
Luxxfolio has commenced Litecoin mining operations, using the Scrypt algorithm, under a hosting agreement with DMG Blockchain Solutions Inc. (TSX Venture Exchange: DMGI) (OTCQB: DMGGF), pursuant to which Luxxfolio-owned mining equipment is hosted at DMG's Christina Lake facility in British Columbia. Under the agreement, the company is utilizing DMG's institutional-grade hosting services, including power delivery, mining infrastructure services and daily operations.
The company has currently deployed 20 Bitmain Antminer L9 16G units and intends to scale its mining operations over time, subject to market conditions, equipment availability and power capacity. The commencement of mining represents Luxxfolio's transition from planning and deployment into active network participation and is intended to complement the company's Litecoin treasury strategy by generating Litecoin directly while supporting the security and resilience of the Litecoin network.
"Commencing Litecoin mining operations represents a pivotal moment for Luxxfolio," said Tomek Antoniak, chief executive officer of Luxxfolio. "Mining is a core pillar of our Litecoin-focused strategy. By pairing disciplined Litecoin treasury accumulation with active network participation, we generate digital asset flow, acquire LTC directly and support the network we are aligned with."
Luxxfolio has increased its Litecoin holdings by 2,413.464 LTC, bringing total holdings to 24,439.464 LTC, representing approximately 73,686 litoshis per share, calculated on the basis of 33,167,164 common shares outstanding. This compares with 30,020 litoshis per share as of March 31, 2025, reflecting a Litecoin-per-share yield of approximately 145.5 per cent. The company remains debt-free and holds all Litecoin reserves unencumbered. Luxxfolio is committed to growing its Litecoin-per-share metrics over time as a foundational pillar of long-term shareholder value and alignment.
Director changes
The company also announces that Ieva Guoga has resigned from Luxxfolio's board of directors, effective immediately. Luxxfolio thanks Ms. Guoga for her contributions and wishes her success in her future endeavours.
Luxxfolio will continue to provide updates as its mining operations progress and as additional milestones are achieved.
LTC per share
LTC per share is a non-IFRS (international financial reporting standards) metric calculated by dividing the company's total Litecoin holdings by its basic number of common shares outstanding as of the date of reporting. Litecoin-per-share yield is calculated as the percentage change in LTC per share from a prior reporting date to the current period. These figures are intended to provide a transparent, on-chain measure of shareholder alignment and treasury performance. Calculations exclude the effects of any convertible securities, such as options or warrants, and do not account for future dilution. While not a substitute for IFRS financial metrics, LTC per share offers a directional view of the company's progress in building Litecoin-backed per-share value over time.
About Luxxfolio Holdings Inc.
Luxxfolio is a digital infrastructure and technology company focused on enabling the next generation of crypto-powered commerce. The company is actively developing and investing in on-chain technologies that support real-world cryptocurrency use cases, including stablecoin payments, merchant processing and self-custody wallets. Luxxfolio has adopted a Litecoin treasury strategy as part of its long-term vision. With a foundation in decentralized systems and digital assets, Luxxfolio aims to help accelerate the mainstream adoption of crypto for everyday payments.
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