Finance, Bitcoin Mining, AI, Funding Rounds The funding spherical takes Auradine’s complete backing to $300 million.
Auradine, a maker of computing gear for bitcoin (BTC) mining and AI functions, mentioned it raised $153 million in a Series C funding spherical.
The Silicon Valley, California-based firm additionally shaped a brand new enterprise group, AuraLinks AI, centered on open-standards to deal with cooling necessities of next-generation AI information facilities.
AI information facilities and BTC mining share similarities of their operational necessities. Given the proliferation of AI in mainstream use lately, the topic of knowledge facilities is now commonplace in public discourse. This is critical for the cryptocurrency business as a result of most issues that relate to AI information facilities may be utilized to 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,” CEO Rajiv Khemani said in a statement.
The funding spherical, which took Auradine’s complete backing to $300 million, was led by StepStone Group and included another contribution from bitcoin miner MARA, in addition to Maverick Silicon, Samsung Catalyst Fund and Qualcomm Ventures, amongst others.
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