Bitcoin mining firm Luxor Technology raised $16 million in a funding round led by CMT Digital to scale its AI computing power business. The funds will be used to expand its cloud platform, AI hardware business, and compute-derivatives desk, marking a pivot towards artificial intelligence infrastructure.
Luxor Technology's expansion into AI compute services diversifies its business beyond bitcoin mining and taps into the growing demand for artificial intelligence infrastructure.
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Luxor Technology, a company that began as a bitcoin miner, has secured $16 million in a funding round led by CMT Digital. The funds will be used to grow Luxor's business in AI hardware brokerage and compute trading.
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