By Tosin Opeyemi 
A new shift is happening in the cryptocurrency mining sector as some Bitcoin miners are now expanding into Artificial Intelligence (AI) hardware and trading.
According to CoinDesk, one of the major players in the BTC mining sector, Luxor Technology, disclosed on Tuesday that it raised $16 million to expand into AI hardware and trading, forecasting that computing power will become a market where companies can hedge costs and prices, although Luxor did not mention how much of the new funding was invested in the company.
Luxor isn’t alone in the new move. Similarly, Bitcoin mining equipment makers Canaan and MicroBT have also pumped some money into AI hardware brokerage and computing-power trading businesses.
Other Bitcoin mining companies are also eyeing Artificial intelligence (AI) hardware sector by renting out computing power and converting mining facilities into data centres.
A report by CoinShares shows that publicly traded Bitcoin miners had signed more than $70 billion worth of AI and high-performance computing contracts by the end of March, 2026.
Meanwhile, the new shift doesn’t mean all Bitcoin mining companies are away from Bitcoin mining. Specifically, some firms such as NIP Group (NIPG) disclosed last week that to increase its mining capacity by about 48%, targeting about 195 Bitcoin a month at full deployment.
Similarly, Luxor is also expanding into contracts that allow buyers and sellers to agree on future computing prices, much as bitcoin miners use financial contracts to manage changes in mining revenue.
Luxor already offers privately negotiated contracts tied to computing rental prices, although the market is still developing. Vera said transparency remains a problem, particularly around AI hardware prices, Coindesk says.
In August, the company introduced a price index that tracks daily asking prices for Nvidia AI server systems, providing buyers and sellers with a reference point for equipment prices.
Source: CoinDesk.
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