Luxor Technology, a high-performance computing company, raised $16 million in a strategic funding round led by CMT Digital. Canaan, MicroBT, Halo, Steelhead and several angel investors also participated in the round. Luxor will use the proceeds to scale its AI infrastructure, expand its GPU and AI server sourcing operations, grow its compute derivatives trading business and hire additional staff. In September, the company launched Luxor AI, a division that extends a technology stack originally built for Bitcoin miners into the AI and high-performance computing market. Luxor previously raised $5 million in a Series A round led by NYDIG in June 2021.
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