Luxor Secures $16 Million to Expand Into AI Compute
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Bitcoin mining firm Luxor raised $16 million in a CMT Digital-led round to expand its AI compute trading, hardware and derivatives business.
Luxor, a bitcoin mining firm, has secured $16 million in funding as it broadens its business into computing resources for artificial intelligence.
CMT Digital led the investment round, with mining equipment manufacturers Canaan and MicroBT also participating.
The proceeds will support Luxor’s expansion across AI compute trading, hardware and derivatives, extending its activities beyond bitcoin mining.
Source: Decrypt
