Back
October 16, 2025
Why this matters
Mining is capital-intensive. Traditional options push operators toward selling BTC or issuing equity. That erodes upside or ownership. Arch's partnership with Luxor aligns credit, liquidity, and risk so miners can scale with fewer compromises.
How the partnership works
Finance without selling BTC.
Over-collateralized loans with terms up to 24 months, flexible LTV, zero prepayment fees.
Extend or upsize as BTC appreciates.
Deploy into growth.
Use proceeds for ASIC purchases or site build-outs without liquidating BTC.
Hedge operational exposure once live.
Transition to Luxor’s hashrate derivatives suite—deliverable or non-deliverable forwards—priced off the Bitcoin Hashprice Index.
Objective: stabilize cashflows, lock revenue, reduce volatility from hashprice swings.
Result: a lifecycle motion that starts with non-dilutive capital, evolves into disciplined risk management, and preserves long-term BTC optionality.
Who benefits
Public miners aiming to reduce equity dilution while pursuing capacity expansion.
Private miners seeking institutional-grade credit outside traditional markets.
New entrants needing startup-to-scale financing plus a risk playbook once hashrate comes online.
What leaders are saying
“Mining economics demand capital solutions that respect Bitcoin’s long-term nature.” — Dhruv Patel, CEO, Arch
“Together with Luxor, we’re helping miners finance operations without sacrificing BTC upside, from startup to scale.” — Himanshu Sahay, Co-Founder, Arch
“Our derivatives desk bridges capital markets with hashrate. Partnering with Arch lets miners move between financing and risk management as one toolkit.” — Matthew Williams, Head of Financial Services, Luxor
The operator’s playbook
Secure credit: Pledge BTC → receive USD(C) → maintain exposure.
Deploy capital: Acquire ASICs or infrastructure → accelerate hashrate go-live.
Stabilize cashflows: Use Luxor forwards to smooth revenue → protect against hashprice drawdowns.
Adjust as conditions change: Upsize loans as BTC appreciates → roll hedges in line with treasury targets.
Why this is different
Non-dilutive: Keep equity intact, maintain BTC upside.
Flexible: Extend or increase loan size as market conditions improve.
Integrated: Financing plus derivatives in a single, coordinated motion.
Institutional-grade: Qualified custody, bankruptcy-remote structures, U.S. licensing for Arch; mature derivatives infrastructure from Luxor.
About the partners
About Arch
Arch is a leading New York based crypto-backed loan provider known for its security, exceptional customer service, and automated product experience. Specializing in over-collateralized loans to individuals and institutions, the company ensures customer assets are stored in qualified custody, are not rehypothecated, and remain bankruptcy remote. Arch operates under US regulatory licensing and is backed by leading firms including Galaxy Ventures, Morgan Creek Digital, Castle Island Ventures, and more. Learn more on our site.
About Luxor Technology Corporation
Luxor Technology Corporation delivers hardware, software, and financial services that power the global compute and energy industry. Its product suite spans Bitcoin mining pools, ASIC firmware, hardware trading, hashrate derivatives, and energy services. If you are interested in contacting Luxor, please email sales@luxor.tech.