Funding
Luxor Technology Raises $16 Million for AI Compute Expansion
Luxor Technology, a Bitcoin mining firm, has raised $16 million in a round led by CMT Digital, a venture arm of Chicago’s CMT Group. The funding will be used to scale Luxor’s expansion into the AI compute market, including its cloud platform, AI hardware business, compute-derivatives trading, and hiring for engineering and go-to-market roles. The company, which has an operating history in Bitcoin mining, will use the funds to provide working capital for its AI hardware business and grow its compute-derivatives trading.