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

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.

Luxor serves Bitcoin miners such as Canaan and TeraWulf and has expanded its hardware business to source GPUs and AI servers for the AI computing market, as global chip supply chains become “increasingly hard to navigate.” The raise will help scale its existing AI infrastructure business and capitalize on the convergence of Bitcoin miners and AI firms through computing markets.