DECRYPT · 2026-10-27 13:01 UTC

Bitcoin Mining Firm Luxor Raises $16 Million to Scale Its AI Compute Push

Luxor Technology, a Bitcoin mining firm, raised $16 million led by CMT Digital to expand into AI computing power, with participation from hardware makers Canaan and MicroBT. The company will use funds to scale its cloud platform, provide working capital for AI hardware, grow compute-derivatives trading, and hire engineering staff. Luxor's AI segment leverages its existing infrastructure: $1 billion in traded mining ASICs, 75+ megawatts of energy services, and 1.8 million processed workloads as of September.

Loading the story on Tree News…