Luxor raises $16M from CMT Digital amid AI-Bitcoin miner convergence
Summary
Luxor Technology raised $16 million in a strategic funding round led by CMT Digital, with participation from Canaan, MicroBT, Halo, Steelhead and angel investors. The company plans to use the funding to expand its AI cloud platform and hardware business, develop compute derivatives trading, and hire staff. Luxor supplies Bitcoin miners and has broadened into sourcing GPUs and AI servers, positioning its services for growing overlap between Bitcoin mining and AI computing. It launched its Luxor AI business segment in September.
