Luxor Technology: Raises $5.0M in Series A Funding

Luxor Technology: Raises $5.0M in Series A Funding

• Luxor Technology Corporation, a Seattle, WA-based hashrate as a commodity company, closed a $5.0m Series A funding
• The round was led by NYDIG with participation from mining companies Blockware Solutions, Celsius Network, DPO, Navier, and Supplybit
• In addition, Bitnomial, Hodl Capital, and Routemaster participated alongside many strategic angel investors
• In addition to leading the equity round, NYDIG will collaborate with Luxor on a number of mining-related ventures and hashrate-based products
• The company is a technology company building new-gen digital pipelines for compute power
• The company’s switch software product is a profit-switching algorithm that maximizes earnings by switching between blockchains and venues to maximize hashrate rewards