Luxor Completes $16M Strategic Funding Round Led by CMT Digital

October 27: Hashrate company Luxor Technology announced the completion of a $16 million strategic funding round. The round was led by CMT Digital, with participation from Canaan, MicroBT, Halo, Steelhead and angel investors, and includes both new share financing and secondary share sales. The proceeds will be used to expand its agent cloud platform, add working capital to its AI hardware business, expand hashrate derivatives trading and market making, and hire engineering and marketing staff. Luxor launched its AI business unit Luxor AI in September. To date, its hardware brokerage business has traded $1 billion in ASIC miners, and its energy business serves more than 75 MW of load across the ERCOT and SPP grids.