Luxor Technology Closes $5.0M Round Led by NYDIG, With Participation From US Mining Firms
Washingtoner/10117669

SEATTLE--(BUSINESS WIRE)--Luxor Technology Corporation ("Luxor") announced today the closing of a $5.0 million Series A led by institutional Bitcoin technology and financial services firm NYDIG. In addition to leading the equity round, NYDIG will collaborate with Luxor on a number of mining-related ventures and hashrate-based products.

Also participating in the equity round are mining companies Blockware Solutions, Celsius Network, DPO, Navier, and Supplybit. In addition, Bitnomial, Hodl Capital, and Routemaster participated alongside many strategic angel investors.

"We at Luxor are incredibly honored and excited to work alongside NYDIG to provide much-needed products and services to miners. Luxor is uniquely positioned to capitalize on industry tailwinds that see hashrate continuing to migrate to North America. With NYDIG's exceptional track record, reputation and talent we will be able to revolutionize the way hashrate is harnessed, valued, traded and hedged. My co-founders Eddie Wang, Ethan Vera, and Guzman Pintos, along with the rest of the Luxor Team, are eager to continue building," said Nick Hansen, CEO and co-founder of Luxor.

More on Washingtoner

• CCHR Warns: Psychiatric Diagnoses Without Biological Proof Now Used to Justify Euthanasia
• Impact Filtration Appoints Alejandro Sturniolo as Head of Sustainability to Engineer High-Performance, Water-Positive Infrastructure
• Spokane: 2025 Longitudinal Systems Analysis Shows Decreased Need for Homeless Services, Increase in Successful Exits to Stability
• 106 Years Strong: The Liberty Group Celebrates a Century-Plus of Service and Unveils a Unified Family of Companies
• Airport Transportation Reaches All Five Continents Through Global Transportation Partner Network

Luxor and NYDIG offer complementary products to the rapidly evolving mining industry. Both firms are providing best-in-class services to miners looking to improve their operations and investors getting exposure to mining. By combining forces on the product side, Luxor and NYDIG can further improve the mining solution and help grow the North American mining industry.

"We're pleased to lead this Series A funding round and are thrilled to partner with Luxor to develop first-of-their-kind products and competencies for North American miners," said Robert Gutmann, co-founder and CEO of NYDIG. "We're confident in Nick's vision and his team's ability to drive and expedite the hashrate migration to North America, and the development of instruments that can strengthen the Bitcoin ecosystem."

Proprietary technology developed by Luxor has the potential to supercharge returns for miners. Luxor's Switch software product is a profit-switching algorithm that maximizes earnings by switching between blockchains and venues to maximize hashrate rewards.

More on Washingtoner

• Acquisition of Israeli Defense Manufacturing Platform to Accelerate AI-Driven Autonomous Systems: VisionWave Holdings, Inc.: (N A S D A Q: VWAV)
• HRC Fertility to Celebrate Grand Opening of New Beverly Hills Location During National Infertility Awareness Week
• AktieGo Publishes Editorial Feature Examining Decentralized Power Infrastructure and Hydrogen Energy Deployment
• Greg Wier Announces the Release of More Than Just Luck
• Nieuwe standaard in webdesign: Professionele website laten maken voor het MKB vanaf €249 door Websitepioniers

About Luxor

Luxor is a fast-growing technology company that is shaping the future of hashrate as a commodity, building new-gen digital pipelines for compute power. Learn more at Luxor.tech and on their Twitter.

About NYDIG

NYDIG provides Bitcoin investment and technology solutions to insurers, banks, corporations, institutions, and HNW individuals. The firm and its products meet the industry's highest regulatory, audit, and governance standards. Learn more at nydig.com, or connect on LinkedIn and Twitter.

---

Show All News | Report Violation