Bitcoin · Compute · The Block
CMT Digital led the round, with participation from Canaan, MicroBT, Halo, Steelhead, and unnamed angel investors
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"Primary is preferred equity, and secondary was a mix of preferred and common equity," Luxor COO Ethan Vera told The Block.
Key facts
- Luxor Technology, a bitcoin mining infrastructure firm, has announced a $16 million investment round as it expands into an AI infrastructure business
- The firm's headcount has grown from 11 at the time of the 2021 round to 106 now, mainly using cash generated by the business, Vera added
- In August, Luxor also launched an AI Hardware Price Index through its Hashrate Index data platform to track GPU node prices
- Luxor's hardware desk has traded more than $1 billion in specialized bitcoin mining equipment, known as ASICs
Summary
Luxor Technology, a bitcoin mining infrastructure firm, has announced a $16 million investment round as it expands into an AI infrastructure business. CMT Digital led the round, with participation from Canaan, MicroBT, Halo, Steelhead, and unnamed angel investors. Luxor began raising the new capital in August and closed that part of the round in October, Vera said. Luxor's last priced equity round was in 2021.