Luxor raises $16M from CMT Digital amid AI-Bitcoin miner convergence

Luxor aims to use the proceeds to scale its existing AI infrastructure business and expand its GPU sourcing services as global chip supply chains become constrained. Full-stack compute company Luxor Technology raised $16 million in a strategic round led by CMT Digital. The investment round also saw participation from Canaan, MicroBT, Halo, Steelhead, and additional angel investors, according to a Tuesday announcement shared with Cointelegraph. The company aims to use the proceeds to scale its agentic cloud platform, grow its AI hardware business, expand its compute derivatives trading capabilities and hire more staff.