Bitcoin miners' AI contracts have surpassed $70 billion, while Luxor has raised $16 million for AI hardware. With mining companies’ AI and high-performance computing contracts exceeding $70 billion, Luxor has raised $16 million to grow in this new market. The shift of the Bitcoin mining industry towards AI data centers is creating a new market where computing power can be bought and sold. Luxor Technology, known for its mining services, has secured $16 million in funding to develop AI hardware and computing power contracts.