{"id":127322,"date":"2025-04-16T19:17:13","date_gmt":"2025-04-16T19:17:13","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127322"},"modified":"2025-04-16T19:17:13","modified_gmt":"2025-04-16T19:17:13","slug":"auradine-raises-153m-debuts-business-group-for-ai-data-centers","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127322","title":{"rendered":"Auradine raises $153M, debuts business group for AI data centers"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsAuradine, a Silicon Valley-based startup that specializes in equipment for AI data centers and Bitcoin mining, has announced a raise of $153 million in a Series C funding round. The new capital will go to increasing the company\u2019s product suite of infrastructure for AI and blockchain technology.<br \/>\nThe Series C round was led by StepStone Group and included participation from Maverick Silicon, Premji Invest, Samsung Catalyst Fund, Qualcomm Ventures, and others. Auradine said the round was oversubscribed but did not disclose by how much or at what valuation the funds were raised.<br \/>\nAlong with the funding round, Auradine announced the launch of AuraLinks AI \u2014 its new business group dedicated to networking solutions targeting data centers\u2019 energy and cooling costs.<br \/>\nAccording to Goldman Sachs, energy demand due to AI data centers is expected to rise 165% by 2030. Building a small-scale AI data center can cost $10 million to $50 million, while large-scale AI data centers can cost hundreds of millions.<br \/>\nAuradine designs and manufactures application-specific integrated circuits (ASICs) and related systems for Bitcoin mining. The company sees a strategic opportunity in the current US-China trade tensions and US President Trump\u2019s push to boost domestic manufacturing. Among its main competitors is the Chinese-based firm Bitmain, which reportedly holds a 90% market share in the Bitcoin manufacturing sector.<br \/>\nRelated: How to mine Bitcoin: A beginner\u2019s guide to mining BTC<br \/>\nCrypto mining market to grow at CAGR 13% until 2034<br \/>\nAccording to Precedence Research, the cryptocurrency mining market was valued at $2.5 billion in 2024 and is expected to have a compound annual growth rate of 13% until 2034. If that prediction is accurate, the mining market will reach a size of $8.2 billion by 2034.<br \/>\nThe rising Bitcoin hashrate, coupled with the increasing energy demands following each halving, is intensifying competition in the mining sector. As a result, the push for greater efficiency and advanced technology may create openings for new players to gain market share.<br \/>\nTrump\u2019s dual desires to make the US \u201cthe crypto capital of the planet\u201d and bring manufacturing on-shore may also play a role. The US accounts for over 40% of the Bitcoin (BTC) hashrate, but US-based miners still rely heavily on China-manufactured rigs.<br \/>\nAuradine\u2019s $80 million Series B round, like its Series C, was oversubscribed. In total, the company has raised over $300 million across all funding rounds.<br \/>\nMagazine: Asia Express: Bitcoin miners steamrolled after electricity thefts, exchange \u2018closure\u2019 scam<a href=\"https:\/\/cointelegraph.com\/news\/auradine-raises-153m-debuts-new-business-group-for-ai-data-centers?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsAuradine, a Silicon Valley-based startup that specializes in equipment for AI data centers and Bitcoin mining, has announced a raise of $153 million in a Series C funding&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127322"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127322"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127322\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127322"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}