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Luxxfolio mines 500th Litecoin, expands mining fleet to 60 miners, plans new mining pool LuxxPool.

Market News
19 May 2026
Newsfile Corp
View Source
Bullish
pluang ai news

Luxxfolio Holdings has mined its 500th Litecoin since starting mining operations in February 2026, expanding its mining fleet from 20 to 60 Bitmain Antminer L9 units. The company has not sold any mined Litecoin, reinforcing its long-term commitment to Litecoin accumulation and network support. Luxxfolio plans to leverage its expanded mining infrastructure to launch LuxxPool, a new Litecoin mining pool, while continuing to explore further mining expansion opportunities. This milestone marks a key step in Luxxfolio's strategy to build vertically integrated Litecoin infrastructure and support the cryptocurrency's ecosystem.

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Tesla captures 59% of U.S. EV market, its highest share since 2023

Tesla captures 59% of U.S. EV market, its highest share since 2023

Tesla has increased its control of the U.S. electric vehicle (EV) market to 59%, marking its highest market share since 2023. This growth highlights Tesla's strong position and continued dominance in the competitive EV industry. The increased market ...

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Microsoft's $678B commercial backlog drives 22% upside potential amid strong AI and Azure growth.

Microsoft's $678B commercial backlog drives 22% upside potential amid strong AI and Azure growth.

Microsoft reported $331 billion in annual revenue with Azure surpassing $100 billion, growing 41%. Its $678 billion contracted commercial backlog supports recurring revenue from AI and cloud services, fueling a 22% upside price target of $590.43. Des...

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OpenAI urges California to strengthen AI safety bill with tighter safeguards and cybersecurity measures

OpenAI urges California to strengthen AI safety bill with tighter safeguards and cybersecurity measures

OpenAI has called on California to enhance its AI safety legislation, SB 53, by adding stricter safeguards such as monitoring AI models during training for serious incidents and improving cybersecurity throughout development. This shift comes after O...

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AI drives hyperscaler cloud spending to $4.1T from 2026-2028, reshaping tech infrastructure investment.

AI drives hyperscaler cloud spending to $4.1T from 2026-2028, reshaping tech infrastructure investment.

Hyperscale cloud companies like Amazon, Alphabet, Microsoft, and Meta are projected to spend $4.1 trillion on AI-related infrastructure from 2026 to 2028, more than triple the previous six years. UBS estimates these firms will reinvest nearly 100% of...

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Bullish
4 hours ago
Four BBB stocks offer safe dividends with yields exceeding share prices, promising 15.46% gains by 2027.

Four BBB stocks offer safe dividends with yields exceeding share prices, promising 15.46% gains by 2027.

Four stocks from Barron's Better Bets (BBB) list currently provide 'safer' dividends with yields from $1,000 invested that exceed their share prices, fitting the 'dogcatcher' ideal. Analyst forecasts suggest these top-ten BBB Dogs could achieve an av...

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