Luxor Technology said on Tuesday that the company raised $16 million in a funding round led by CMT Digital. Luxor plans to use the money to expand AI hardware brokerage and computing-power trading. The round combined new investment with sales of existing shares, but Luxor did not disclose how much funding went into the company. Luxor found that most mining sites assessed had enough electricity and fiber connectivity for AI workloads but needed new data centers.