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Bitcoin Magazine

Luxor Announces $16M Funding Round to Scale AI Compute, Derivatives

AI hardware is sold out, and the companies that cut their teeth in Bitcoin mining are moving in. Luxor just raised $16 million in a round led by CMT Digital to scale its cloud platform, GPU hardware business and compute trading. Ethan Vera of Luxor and Sam Hallene of CMT Digital join BMTV to explain why Bitcoin mining expertise translates so well into AI compute.

Chapters:
00:00 Luxor Raises $16M to Take Bitcoin Mining Expertise Into AI
01:17 Why CMT Digital Backed the Luxor Team
02:54 What Bitcoin Mining Teaches AI Infrastructure
03:48 Luxor Cloud: Runners, Sandboxes and Code Review
04:51 Sandboxes for AI Agents
05:43 GPU Demand: Nvidia Sold Out for the Year
07:12 Compute Derivatives and Liquidity for AI Markets
08:12 Luxor’s Full-Stack Compute Ecosystem
10:24 Why Luxor Chose Strategic Investors
12:08 Bitcoin Mining Is Still a Core Pillar

#Bitcoin #BTC #BitcoinMining #Luxor #EthanVera #SamHallene #CMTDigital #AI #AICompute #AIInfrastructure #GPU #Nvidia #AIAgents #DataCenters #ComputeDerivatives #BitcoinMiners #Compute #EnergyGrid #BMTV #BitcoinMagazine

DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

This post Luxor Announces $16M Funding Round to Scale AI Compute, Derivatives first appeared on Bitcoin Magazine and is written by Patrick Green.

Bitcoin Magazine

Sazmining Now Sells Jack Dorsey’s Proto Immersion Hashboards 

Bitcoin mining just got a lower barrier to entry. 

Sazmining announced Thursday that it is now selling Proto’s immersion hashboards directly to individual and institutional buyers through its mining-as-a-service platform. Previously, the hardware was mostly in the hands of large-scale operators.

Each hashboard delivers roughly 200 TH at around 15 J/TH, and buyers own them outright while Sazmining handles deployment, monitoring and maintenance at a US facility. Mining rewards go straight to the owner’s wallet.

The move follows a multi-megawatt supply deal between Sazmining and Proto — the bitcoin mining arm of Jack Dorsey’s Block (NYSE: XYZ) — which both companies expect to expand as demand grows.

“Because of our aligned-incentive model, Sazmining only earns when we produce bitcoin for our clients,” said Kent Halliburton, CEO and co-founder of Sazmining. 

He also pitched mining as a form of bitcoin acquisition diversification: rather than paying the market price on the day of purchase, a miner’s costs are spread across the machine’s working life.

Wyoming-based Sazmining, founded in 2018, operates renewable-powered facilities across the US, Paraguay, and Norway. It says its fleet runs more than 20 percentage points ahead of the Bitcoin network’s carbon-free share.

Proto is Jack Dorsey’s Block’s bitcoin mining play. The Twitter founder has spent years arguing bitcoin is the foundation of “a more open financial system,” funding everything from Cash App’s buy-and-send rails to the Bitkey self-custody wallet, and he framed mining as the obvious missing piece back in 2021: “Bitcoin mining should be as easy as plugging a rig into a power source.” 

Block formally announced it was building an open bitcoin mining system in January 2022, with the stated aim of making mining “more distributed and efficient.”

This post Sazmining Now Sells Jack Dorsey’s Proto Immersion Hashboards  first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.