Bitcoin mining firm Luxor acquired OrdinalHub, a platform for trading the Bitcoin-based NFTs that have recently surged in popularity.

The company said it is looking to be a "central player" in the "burgeoning movement,” also pointing out that the nascent market still lacks "robust, enterprise-grade solutions for indexing collections, escrowing trades, and facilitating price discovery."

Luxor has no plans to make additional acquisitions in the ordinals space beyond OrdinalHub, COO Ethan Vera told The Block. The two will continue operating as separate brands.

Critics of ordinals have said it's not the best used for the blockchain, and some have been skeptical of how long the hype will last. Data from Dune Analytics show ordinals hitting a peak in fees spent on Feb. 15 (at $170,579) and then falling back down since.