Full-stack computing service company Luxor Technology has completed a strategic financing of 16 million USD, led by CMT Digital

According to Cointelegraph, Luxor Technology, which provides full-stack computing power services, has completed a $16 million strategic financing round led by CMT Digital, with participation from Canaan, MicroBT, Halo, Steelhead, and several angel investors.

Luxor plans to use the funds to expand its intelligent cloud platform, AI hardware business, and computing power derivatives trading capabilities, as well as to grow its team. The company originally served Bitcoin mining enterprises and is now expanding its GPU and AI server procurement business, aiming to seize opportunities arising from the integration of Bitcoin mining and AI computing power markets.