Luxor Raises $16 Million in CMT Digital-Led Round

Luxor Technology has raised $16 million in a strategic funding round led by CMT Digital, as the Bitcoin mining infrastructure company expands its artificial intelligence computing business. Canaan, MicroBT, Halo, Steelhead and angel investors also participated, the company said. Luxor plans to use the funding to grow its AI cloud platform, expand its hardware business supplying GPUs and servers, and develop its trading in compute derivatives. The company also intends to hire additional staff. The proceeds are directed toward services that adapt infrastructure and capabilities developed for Bitcoin mining to AI and high-performance computing. Luxor launched its Luxor AI business segment in September 2026. The unit brings the company’s energy, hardware, software and trading operations into AI and computing markets. Its cloud platform provides tools for AI workloads, while its hardware business sources equipment for customers. The company said the platform had run 1.8 million workloads in 2026 as of September. Luxor COO Ethan Vera said the financing included both primary and secondary capital. He said the primary portion was preferred equity used to fund company growth, while the...