30% Increase in BTC Equivalent Reserves

LUXXFOLIO Holdings Inc. (the "Company" or "LUXXFOLIO") (CSE: LUXX) (OTCQB: LUXFF) (Frankfurt/Berlin: LUH) a vertically-integrated digital asset company announces the following operational update:

Mining Overview (as at or for the month of November 2021):

• Bitcoin Mine site operating at ~131 PH/s: 6.5% MoM Increase (Oct. 31, 2021: 123 PH/s);
• Total monthly rewards of 23.5 Bitcoin for approximate revenues of CAD$1,788,000 (Oct 2021 = CAD$1,600,000);
• Total Q1 2022 Fiscal Quarterly Revenue of approximately CAD$4.23 Million (~60 BTC Mined);
• Bitcoin equivalent reserves at end of month of ~54.5 (50 BTC and 52 ETH) (Oct. 31, 2021: 42);
• Revenues exclude any adjustment for valuation changes in BTC or ETH.

"We continue to accelerate our revenues through effective mine management and steadily grow our Bitcoin and Ethereum reserves through effective balance sheet management in order to maximize the enterprise value of the business," said Kien Tran, COO of the LUXX Mining Division. "As well, we welcome our new Ethereum operation that has integrated nicely into our enterprise mine management solution." 

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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Certain information contained herein may constitute "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "anticipated", "will be", or variations of such words and phrases or statements that certain actions, events, or results "will" occur. Forward-looking statements regarding the Company, its hosting operations, miners, and the Company's development of its growth strategy are based on the Company's estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company and its subsidiary to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including capital expenditures and other costs. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.