Bitcoin mining software company Luxor raises $5 million in a Series A funding round
Bitcoin mining company Luxor has raised a $5 million Series A round led by financial services firm NYDIG.
Bitnomial, Hodl Capital, and Routemaster took part in the round, as well as Blockware Solutions, Celsius Network, DPO, Navier and Supplybit, according to a press release published Wednesday. Celsius announced that it had invested in Luxor earlier this month. Luxor also said it raised funds from a group of angel investors.
Luxor develops mining pool software as well as data visualization tools geared toward the mining sector. On Monday, a deal was announced between Luxor and mining firm Canada Computational Unlimited involving the expanded use of its software.
“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,” Robert Gutmann, co-founder and CEO of NYDIG, said in a statement.
According to data collected by The Block, bitcoin miners hauled in $1.45 billion in revenue during May.
© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Michael McSweeney
