Luxor Technology operates an over-the-counter compute derivatives desk offering cash-settled options, forwards, and backstops based on compute-rental indexes to allow AI companies to hedge and finance computing capacity.

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Seattle-based Luxor Technology announced a $16 million strategic funding round led by CMT Digital

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Luxor Technology launched Luxor AI, extending its hardware, software, energy, data, and compute trading infrastructure into AI and high-performance computing markets

Luxor Technology expanded its hardware brokerage business to include GPU sourcing in December 2025 after historically trading over $1 billion in ASIC bitcoin mining equipment.

Luxor Technology co-founder and CEO Nick Hansen stated that digital mining and AI computing markets are converging, with identical mining operators, power sites, and capital transitioning to power AI.

Luxor Technology services over 3,000 corporate clients across its Bitcoin mining and AI infrastructure businesses as of October 2026.

Luxor Technology plans to use proceeds from its $16 million round to scale its cloud platform, expand GPU hardware sourcing, develop compute derivatives trading, and hire 12 additional staff before the end of 2026.

Centralized exchanges and derivative venues accounted for 42% of total DeFi and financial sector blockchain revenue in 2026, while stablecoin reserve income and yields generated 29%.

In May 2026, Kalshi introduced cryptocurrency perpetual futures following Commodity Futures Trading Commission approval before expanding into equity indexes, gold, and silver.

VARA maintains separate regulatory requirements and risk guidelines specifically for cryptocurrency derivatives trading, including client eligibility and margin rules.

Bybit Chief Legal and Compliance Officer Peter Loo stated that Bybit plans to pursue separate VARA regulatory approvals to introduce cryptocurrency derivatives trading in Dubai.

Bybit's newly granted VARA license is strictly limited to spot exchange services and does not authorize derivatives trading.

Phase plans to develop its own artificial intelligence model and expand its network to desktops, servers, and graphics processing units.

Luxor Technology opened a new regional office in San Francisco as part of its ongoing corporate expansion into artificial intelligence and high-performance computing.

In August 2026, Luxor Technology launched an AI Hardware Price Index through its Hashrate Index data platform to track GPU node market prices.

Open interest on Binance's BTC-USDT perpetual contract rose 4.5% between 23:00 UTC October 29 and 04:00 UTC October 30, 2026, according to Block Scholes

Bitcoin funding rates on October 31, 2026 stood at +0.01% on Binance and +0.0065% on Bybit for USDT contracts normalized to eight hours by Coinalyze

Crypto derivatives data provider Block Scholes reported $1.53 billion in crypto-wide liquidations over 24 hours in an October 30, 2026 note, with 84% in long positions

Aggregate Bitcoin open interest recorded by Coinalyze reached $28 billion on October 31, 2026, reflecting a 3% increase over 24 hours

Specialized artificial intelligence models require significantly less energy and computational tokens than general-purpose frontier models for narrow tasks

Perpetual futures venues trade around the clock on crypto-native exchanges, but the price tracking accuracy of their quotes relative to standard market open prices remains to be determined