Update
Luxor Technology Expands into AI Hardware and Trading
Bitcoin mining company Luxor Technology has raised $16 million to expand into AI hardware and trading contracts. The Seattle-based company, which is best known for its bitcoin mining services, is also moving into AI hardware brokerage and computing-power trading. The round includes investment from CMT Digital and other bitcoin mining companies Canaan and MicroBT. Luxor's software business works with nearly two gigawatts of power capacity, and it is expanding into contracts that allow buyers and sellers to agree on future computing prices, similar to how bitcoin miners use financial contracts to manage changes in mining revenue.