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

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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. Its energy arm services more than 75 megawatts of load across ERCOT and SPP. Its agentic cloud platform had reached 1.8 million workloads year to date as of September.

The firm plans to use the new capital in four areas: scaling its agentic cloud platform, providing working capital for its AI hardware business, expanding its compute derivative trading and market making, and hiring engineering and go-to-market staff.

The hardware push responds to tightening supply chains. The firm’s AI hardware desk sources GPUs and AI servers through a tiered network of partners. As a Value-Added Reseller to major OEMs, the company says it can access abandoned orders, special allocations, and used markets.

CMT Digital brings nearly three decades of electronic trading and market-structure experience.


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