Bitcoin mining company Luxor has raised a $5 million Series A round led by financial services firm NYDIG.
Bitnomial, Hodl Capital, and Routemaster took part in the round, as well as Blockware Solutions, Celsius Network, DPO, Navier and Supplybit, according to a press release published Wednesday. Celsius announced that it had invested in Luxor earlier this month. Luxor also said it raised funds from a group of angel investors.
Luxor develops mining pool software as well as data visualization tools geared toward the mining sector. On Monday, a deal was announced between Luxor and mining firm Canada Computational Unlimited involving the expanded use of its software.
“We’re pleased to lead this Series A funding round and are thrilled to partner with Luxor to develop first-of-their-kind products and competencies for North American miners,” Robert Gutmann, co-founder and CEO of NYDIG, said in a statement.
According to data collected by The Block, bitcoin miners hauled in $1.45 billion in revenue during May.