Auradine Raises $153M Series C for Bitcoin Mining and AI Data Center Networking
17.04.2025 09:52
Auradine, a Silicon Valley-based maker of computing equipment for bitcoin (BTC) mining and AI applications, has raised $153 million in a Series C funding round. Led by StepStone Group, with contributions from bitcoin miner MARA, Maverick Silicon, Samsung Catalyst Fund, and Qualcomm Ventures, the funding pushes Auradine’s total backing to $300 million. The company also established a new business group called AuraLinks AI, which will develop open standards to tackle cooling requirements for next-generation AI data centers. CEO Rajiv Khemani highlighted that by focusing on both Bitcoin mining and AI infrastructure, Auradine is positioned at the crossroads of pivotal technologies that could transform computing and energy utilization over the coming decades.
The $153M funding injection, backed by reputable investors and strategic industry players, is likely to enhance market confidence in Bitcoin. In the short term, the announcement may drive bullish sentiment as investors view the capital boost and technological innovations as positive signals. Over the long term, improved mining infrastructure and potential efficiencies from the integration of AI data center technologies could contribute to a more robust Bitcoin network. Investors are likely to consider both the immediate effects of heightened investor interest and the deferred benefits from technological advancements, which historically contribute to sustained price increases.
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