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.
Led by Nick Hansen, CEO and co-founder, Eddie Wang, Ethan Vera, and Guzman Pintos, Luxor 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.