Luxor Technology raises $16 million to scale AI infrastructure and expand Bitcoin miner convergence

Luxor Technology, a full-stack compute company serving Bitcoin miners, raised $16 million in a strategic round led by CMT Digital. The funding will scale its agentic cloud platform, grow its AI hardware business, and expand compute derivatives trading. The company has expanded into sourcing GPUs and AI servers for the AI computing market, capitalizing on the convergence of Bitcoin mining and AI firms. Luxor AI, launched in September, extends its Bitcoin miner-built stack into high-performance computing. The round also included participation from Canaan, MicroBT, Halo, Steelhead, and angel investors.