Bitcoin Mining Firm Luxor Raises $16 Million to Scale AI Compute Trading and Hardware

Bitcoin Magazine Bitcoin Mining Firm Luxor Raises $16 Million to Scale AI Compute Trading and Hardware Seattle-based Luxor Technology Corporation announced a $16 million strategic investment round on Tuesday. CMT Digital, the venture capital arm of Chicago-based CMT Group, led the round. Canaan, MicroBT, Halo, Steelhead, and angel investors also participated. The round includes both primary and secondary capital. Luxor describes each investor as an operating partner in the compute supply chain it serves, spanning hardware, capital, and power. The raise follows the September launch of Luxor AI, a business segment that extends the energy, hardware, software, compute trading, and data stack Luxor built for bitcoin mining into artificial intelligence and high-performance computing. Luxor said its hardware brokerage desk has traded $1 billion of ASIC hardware for bitcoin mining.

First reported by Bitcoin Magazine. This page is a short excerpt; the full text is theirs.