Luxor Technology raises $16 million to expand AI hardware brokerage and computing-power trading business

Luxor Technology raised $16 million to expand its AI hardware brokerage and computing-power trading business. An assessment of over 1 GW of bitcoin mining power capacity revealed sufficient electricity and fiber connections for AI workloads, though existing sites require new data centers. Publicly traded bitcoin miners had signed over $70 billion in AI and high-performance computing contracts by the end of March.