Luxor Raises $16 Million to Scale AI Compute Trading and Hardware

Seattle-based Luxor Technology Corporation raised $16 million in a strategic round led by CMT Digital to expand its AI compute trading and hardware business. The funding will scale its agentic cloud platform, provide working capital for AI hardware, expand compute derivative trading, and hire engineering staff. Luxor, which previously built infrastructure for bitcoin mining, is applying its energy, hardware, and trading expertise to the AI sector, noting its OTC desk has already traded $1 billion in ASIC hardware and offers cash-settled options on compute-rental indexes.