Luxor Technology raises $16M to push deeper into AI compute

The Bitcoin mining infrastructure firm will use the strategic round to scale its cloud platform, AI hardware brokerage and compute-derivatives desk Luxor Technology built its name serving Bitcoin miners. Now it has $16 million to chase a different kind of computing demand. The Seattle-based company closed a strategic funding round led by CMT Digital, the venture arm of Chicago’s CMT Group. The money is earmarked for artificial intelligence infrastructure. Luxor announced the raise on October 27, 2026. CMT Digital took the lead. Canaan and MicroBT, two companies that manufacture Bitcoin mining hardware, both joined the round. Halo, Steelhead and a group of angel investors rounded out the cap table. The capital will flow into three areas. First is Tenki Cloud, which Luxor describes as an agentic cloud platform.

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