Luxor Technology, a Seattle company that sells software, hardware trading and energy services to Bitcoin miners, has raised a $16m strategic round led by CMT Digital, the venture arm of Chicago trading firm CMT Group. The company announced the round on 27 October 2026.
Canaan and MicroBT, two makers of Bitcoin mining machines, took part, along with Halo, Steelhead and several angel investors. The round included both new shares and the sale of existing shares; the company did not say how it was split. It did not disclose a valuation.
Luxor did not say how much of the $16m was new money and how much went to existing shareholders. Crypto Briefing described the deal as a strategic funding round.
“Compute markets are converging: the same miners, power sites and capital that served digital mining are now powering AI.”Nick Hansen, CEO and Co-founder, Luxor Technology
What Luxor does
Luxor runs a Bitcoin mining pool and sells mining firmware, miner management software, energy services, hardware trading and hashrate derivatives, contracts tied to the computing power used in mining. It also runs Hashrate Index, a data and research service.
The company says its brokerage desk has traded $1bn of ASIC mining hardware and that its energy business manages more than 75 megawatts of load across the ERCOT and SPP power grids in the US.
In September 2026 it launched Luxor AI, which applies the same model to AI: hardware, compute, energy and derivatives. Crypto Briefing reported that Luxor began trading GPUs in December 2025. The company says its agentic cloud platform had run 1.8 million workloads this year by September.
Crypto Briefing reported that Luxor's mining pool recently ran at about 43.7 exahashes per second. The company groups its products into three lines: Bitcoin, AI and data.
Why miners' suppliers invested
Luxor chief executive and co-founder Nick Hansen said compute markets are converging, as the same miners, power sites and capital that served digital mining now power AI.
Crypto Briefing noted that the stakes taken by Canaan and MicroBT tie hardware makers more closely to a marketplace for computing power. Canaan chief executive Nangeng Zhang said joining Luxor's cap table fits his company's goals.
What the money is for
Luxor will use the money to scale its agentic cloud platform, provide working capital for its AI hardware business, and grow its compute derivatives trading and market making. It will also hire engineering and go-to-market staff.
Crypto Briefing reported that the round does not involve a token launch or other new crypto offering, and that the company has opened an office in San Francisco.
Crypto Briefing said the AI money would go to three areas in particular: Tenki Cloud, the agentic cloud platform, built for AI agents that act on their own; the AI hardware brokerage; and the compute derivatives desk. Sam Hallene, a partner at CMT Digital, said Luxor understands the energy and infrastructure behind compute. The company did not disclose how much it has raised in total or how many people it employs.
Company website: luxor.tech