Luxor Technology, a Bitcoin mining infrastructure company, secured $16 million in strategic funding led by CMT Digital to expand its artificial intelligence business, leveraging decades-old Bitcoin mining infrastructure to source GPUs, operate cloud sandboxes for AI agents, and trade compute derivatives contracts that hedge AI compute prices. The round, which closed in October 2026, included participation from hardware manufacturers Canaan and MicroBT, alongside Halo, Steelhead, and angel investors, valuing the company's pivot into what CEO Nick Hansen describes as a converged compute market: "The same miners, power sites and capital that served digital mining are now powering AI."
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