Luxor raised $16 million to expand its operations into AI hardware and computing power trading. This strategic move coincides with the Bitcoin hash rate climbing to within 6.5% of its all-time high, according to Glassnode data. Despite several large public miners redirecting their power to artificial intelligence clients, the network's strength continues to show a significant rebound.
The return came as mining difficulty rose and hash price fell, while publicly listed companies seek to convert part of their data-center capacity to AI services.
Read the full storyThe round, led by CMT Digital, will fund the company’s cloud platform, AI hardware and computing derivatives as power demand accelerates and supply bottlenecks deepen.