Luxor raises $16 million to expand AI compute and trading platform

Seattle-based Luxor Technology Corporation announced on Tuesday that it secured $16 million in a strategic investment round led by CMT Digital, the venture capital division of CMT Group. This round included participation from companies such as Canaan, MicroBT, Halo, Steelhead, as well as several angel investors. The investment involved both primary and secondary capital. Luxor described each investor as an active operating partner across the hardware, capital, and power segments of the compute supply chain it serves. The company reported that its hardware brokerage desk has handled $1 billion worth of ASIC hardware trades for Bitcoin mining to date.

Source: CoinTurk News