Auradine, a maker of computing equipment for bitcoin (BTC) mining and AI applications, said it raised $153 million

Auradine, a maker of computing equipment for bitcoin (BTC) mining and AI applications, said it raised $153 million in a Series C funding round.

Auradine, a fabricator of computing equipment for bitcoin (BTC) mining and AI applications, has announced the completion of its Series C funding round, securing an impressive $153 million in backing.

The Silicon Valley, California-based company also unveiled a new business group, AuraLinks AI, which will be dedicated to developing open-standards for addressing the critical cooling needs of next-generation AI data centers.

The convergence of BTC mining and AI data centers

Both AI data centers and bitcoin miners share striking similarities in their operational requisites, making this a pertinent topic for cryptocurrency enthusiasts.

With the rapid integration of AI into the fabric of mainstream society, the subject of data centers has begun to occupy a greater presence in public discourse. This holds significant implications for the cryptocurrency industry, as many of the same principles that apply to AI data centers can be readily transferred to the domain of bitcoin mining.

"Our dual focus on Bitcoin and AI infrastructure places Auradine at the intersection of pivotal technologies that will reshape computing and energy utilization for decades to come," explained Auradine CEO Rajiv Khemani.

The latest funding tranche, which brings Auradine's overall backing to $300 million, was spearheeded by StepStone Group. Other notable participants in the round include bitcoin miner MARA, Maverick Silicon, Samsung Catalyst Fund and Qualcomm Ventures.

The company's technology is designed to increase the efficiency of bitcoin mining and reduce its environmental footprint. Auradine's modular data center solutions are also optimized for the high-performance computing requirements of next-generation AI applications.

"We are proud to be investing in Auradine as they continue to build the future of computing infrastructure," said a spokesperson for Maverick Silicon. "Their innovative solutions and deep technical expertise will be critical to enabling the next wave of technological innovation."