The crypto mining and data firm’s new index product seeks to capture public-market sentiment on the firms pumping out new coins.
Luxor says it will work with NYDIG on "a number of mining-related ventures and hashrate-based products."
Ethereum is migrating to proof-of-stake, but miners still see profit in proof-of-work.
Luxor Technologies will use the funds to expand its hashrate and hire more engineers.
Miners earned an estimated $692 million last month.
Mining revenue has reached its highest mark since early August 2019.
Shares of the mining company surged to $6.60 Friday.
The pool's hash power has dropped from 5,000 to barely 20 PH/s.
After moving machines out of Sichuan, miners are bringing ASICs back online.
The Nasdaq-listed mining manufacturer dropped 2% in Q3.