Bitcoin miners’ move into AI is creating a new market for trading computing power
Summary
Luxor has secured $16 million in funding to scale up its artificial intelligence hardware and trading operations. The company is wagering that computational capacity will evolve into a tradeable asset class, enabling businesses to manage and hedge their operational expenses.
Luxor raised $16 million to expand into AI hardware and trading, betting that computing power will become a market where companies can hedge costs and prices.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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