Luxor raises $16M to build a market for trading computing power

Luxor, the bitcoin mining pool and software firm, raised $16 million to expand into AI hardware and trading, betting that computing power will become a tradable market where companies can hedge costs and prices. The raise rides a wave of bitcoin miners moving into AI data centers and compute-intensive businesses as mining economics tighten. No investors, valuation or further use-of-proceeds details were disclosed.