Bitcoin Mining Firm Luxor Raises $16M to Expand AI Business

• Luxor Technology Corporation raised $16 million in a strategic investment round.
• CMT Digital, the venture capital arm of CMT Group, led the funding round.
• The round included participation from Canaan, MicroBT, Halo, Steelhead, and angel investors.
• Luxor plans to use the funds to expand its AI business and hire about 12 people by year-end.
• The investment aims to scale Luxor's AI infrastructure and expand its GPU sourcing services.