Luxor raises $16M to expand AI hardware and compute trading
Briefing by News4U · First published
Luxor Technology raised $16 million led by CMT Digital to scale its AI infrastructure, GPU sourcing and compute-power trading services.
Luxor Technology raised $16 million in a round led by CMT Digital, with participation from Canaan, MicroBT, Halo, Steelhead and angel investors, to scale its AI hardware brokerage, agentic cloud platform and compute derivatives trading. [1] [2]
The Seattle-based firm, which already serves Bitcoin miners, is extending its hardware, software and trading stack into the AI market as miners convert facilities into data centers. [1] [2]
Sources
- Luxor raises $16M from CMT Digital amid AI-Bitcoin miner convergence
Cointelegraph · · Full text
- Bitcoin miners' move into AI is creating a new market for trading computing power
CoinDesk · · Full text