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

Luxor, a bitcoin miner turned AI compute firm, raised $16 million led by CMT Digital to expand its AI hardware brokerage and compute trading business. 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.