Luxor raises $16M from CMT Digital amid AI-Bitcoin miner convergence
6 outlets · first seen 19h ago · latest 9h ago
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Cointelegraph.com Newsfirst seen
Luxor raises $16M from CMT Digital amid AI-Bitcoin miner convergence
Luxor aims to use the proceeds to scale its existing AI infrastructure business and expand its GPU sourcing services as global chip supply chains become constrained.
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Decrypt
Bitcoin Mining Firm Luxor Raises $16 Million to Scale Its AI Compute Push
The CMT Digital-led round, which drew mining-hardware makers Canaan and MicroBT, will fund Luxor’s expansion into AI compute trading, hardware and derivatives.
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CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitcoin miners' move into AI is creating a new market for trading computing power
Luxor raised $16 million to expand into AI hardware and trading, betting that computing power will become a market where companies can hedge costs and prices.
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Bitcoin Magazine
Bitcoin Mining Firm Luxor Raises $16 Million to Scale AI Compute Trading and Hardware
Bitcoin Magazine Bitcoin Mining Firm Luxor Raises $16 Million to Scale AI Compute Trading and Hardware Seattle-based Luxor Technology Corporation announced a $16 million strategic investment round on Tuesday. CMT Digital, the venture capital arm of Chicago-based CMT Group, led the round. Canaan, MicroBT, Halo, Steelhead, and angel investors also participated. The round includes both primary and secondary capital. Luxor…
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The Block
Bitcoin mining infrastructure firm Luxor raises $16 million to expand AI business
The company plans to expand its AI business and hire about 12 people by year-end, COO Ethan Vera told The Block.
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Bitcoin News
Bitcoin Mining Firm Luxor Raises $16 Million to Accelerate AI Expansion
Bitcoin mining technology company Luxor has raised $16 million in a strategic funding round led by CMT Digital, accelerating its expansion into artificial intelligence infrastructure as cryptocurrency mining businesses increasingly pursue opportunities in the rapidly growing AI computing market. Luxor Raises $16 Million The Seattle-based company announced the investment Tuesday, with participation from bitcoin mining […]