Bitcoin Mining Luxor Raises $5 Million

Luxor Technology Corporation, a bitcoin mining pool and software company, has announced the conclusion of a $5 million series A financing round led by institutional Bitcoin firm NYDIG.

According to a release sent to Bitcoin Magazine, Luxor and NYDIG will also collaborate on mining-related and hash rate products. Mining groups Blockware Solutions, Celsius Network, DPO, Navier and Supplybit also participated, as did Bitnomial, Hodl Capital and Routemaster.

Luxor has offered products like Hashrate Index, a platform for transparent information on the revenue bitcoin miners should expect; North American bitcoin mining pool software servers; and Luxor Switch, a profit-switching algorithm that transfers miners’ hash rates between different blockchains and pays them in bitcoin.

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