Overview
- Luxor closed a $16 million strategic round on Tuesday, October 27, 2026, led by CMT Digital and joined by Canaan, MicroBT, Halo, Steelhead and angel investors.
- The company said the funds will scale Tenki Cloud, support its AI hardware brokerage that sources GPUs and servers, and expand an OTC desk that sells cash-settled forwards and options tied to compute-rental indexes.
- Luxor reported operating metrics it says underpin the push: its hardware desk has traded about $1 billion of mining ASICs, its energy arm serves over 75 megawatts across U.S. grids, and its cloud processed 1.8 million workloads year-to-date as of September.
- After assessing roughly half of the nearly 2 GW of miner-connected capacity its software covers, Luxor found most sites have power and fiber but would require new data-center builds and retrofits to host AI servers.
- The move reflects a broader industry shift to make computing power tradable and hedgeable, a market that remains early-stage and needs better price discovery despite efforts such as Luxor’s Nvidia server price index.