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Bitcoin Miners Expanding Into AI Spark New Market for Computing Power

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Bitcoin mining firms are moving into artificial intelligence, creating a new market for trading computing power. Luxor has raised $16 million to expand into AI hardware and trading. The company is betting that computing power will become a tradable market in which businesses can hedge their costs and prices. The shift reflects miners seeking new revenue as their core crypto business faces pressure. The article reports these developments as a broader trend linking crypto infrastructure with AI demand.

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