According to CoinMeta, Bitcoin mining service provider Luxor Technology announced on October 27th that it had completed a strategic financing of $16 million, led by CMT Digital. JiaNan Technology (Canaan), BitMicro (MicroBT), Halo, Steelhead, and angel investors also participated in the funding. This round of financing includes new share issuance and the transfer of existing shares, but the specific proportions and company valuation have not been disclosed yet. The funds will be used to expand AI's hardware business, cloud computing platform, computing power derivatives trading, and market-making services. Luxor previously launched Luxor AI in September, extending its existing Bitcoin mining-related hardware, energy, and computing power services to the AI infrastructure market.