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CoinTelegraph 2025-04-16 18:26:22

Auradine raises $153M, debuts business group for AI data centers

Auradine, 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’s product suite of infrastructure for AI and blockchain technology. The 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. Along with the funding round, Auradine announced the launch of AuraLinks AI — its new business group dedicated to networking solutions targeting data centers’ energy and cooling costs. According 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. Auradine 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’s 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. Related: How to mine Bitcoin: A beginner’s guide to mining BTC Crypto mining market to grow at CAGR 13% until 2034 According 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. The 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. Trump’s dual desires to make the US “ the crypto capital of the planet ” 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. Auradine’s $80 million Series B round, like its Series C, was oversubscribed . In total, the company has raised over $300 million across all funding rounds. Magazine: Asia Express: Bitcoin miners steamrolled after electricity thefts, exchange ‘closure’ scam

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