Anticipated Increase in Hash Rate of 20% on Delivery

LUXXFOLIO Holdings Inc. (the "Company" or "LUXXFOLIO") (CSE: LUXX) (OTCQB: LUXFF) (Frankfurt/Berlin: LUH) a vertically-integrated digital asset company, has finalized an order for 500 Bitmain S19j Pro (100 TH/s) Bitcoin miners ("New Miners") for USD$3.02 Million ($60/TH) as originally announced on October 21st. The order will be financed through a combination of balance sheet working capital and an asset backed lending structure with NYDIG, our finance partner. NYDIG is a leading bitcoin company, which provides a comprehensive suite of services for institutional bitcoin miners.

The delivery is scheduled for May 2022, which is anticipated to increase our mining rate by approximately 20% at that date. This will bring the total projected hash rate to 360 PH/s by calendar Q3 of 2022, excluding any impact of the immersion cooling system to be installed in calendar Q1 of 2022.

Ken MacLean, President of LUXX Mining Division commented, "We will have the option to install these 500 miners into our immersion cooling system on arrival. Based on the specs of the immersion, the projected hash rate on this order could increase from 50 PH/s to a range of 62 to 75 PH/s."

Recent Company Highlights

Estimated Calendar Miner Delivery Dates

• Q4 2021: 190 Miners
• Q1 2022: 600 Miners
• Q2 2022: 1100 Miners
• Q3 2022: 300 Miners

About LUXXFOLIO

LUXXFOLIO Holdings Inc. is a publicly-traded vertically-integrated digital asset company based in Canada. We operate an industrial scale cryptocurrency mining facility in the United States running off mostly renewable energy with a focus on the blockchain ecosystem and generation of digital assets. LUXXFOLIO provides a liquid alternative for exposure to digital assets for the broader capital markets.

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