Luxxfolio Holdings (LUXX.CN) entered a strategic collaboration with NU E Power (NUE.CN) to evaluate power infrastructure, hosting, and data centre development opportunities, it said in a statement on Thursday.
The companies plan to combine NU E's power development and energy infrastructure platform with Luxxfolio's active digital asset mining operations and Litecoin-focused treasury and infrastructure strategy. The company said the parties intend to prioritize opportunities where "behind-the-meter" power capacity can be matched directly to Luxxfolio's mining and infrastructure needs.
"This collaboration gives both companies a practical framework to evaluate projects where power development and digital asset operations can be aligned from the outset," said NU E Power CEO Broderick Gunning.
The parties intend to review potential project structures, site requirements, power availability, commercial terms, and development timelines, it added.
Shares of Luxxfolio were last seen up 12.5% at C$0.27 on the Canadian Securities Exchange.
Price: $0.27, Change: $+0.03, Percent Change: +12.50%