Auradine, a Silicon Valley -based startup that specializes in Bitcoin’s and mining data centers, has announced an increase of $ 153 million in a financing round of Serie C. The new capital will be used to increase the company’s product infrastructure set for the company for AI and Blockchain technology.
The Ronda of the series C was directed by Stepstone Group and included the participation of Maverick Silicon, Premji Invest, Samsung Catalyst Fund, Qualcomm Ventures and others. Auradine said the round was excessively, but did not reveal how much or what assess the funds were collected.
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Together with the financing round, Auradine announced the launch of Auralinks AI, its new business group dedicated to network solutions aimed at energy and cooling costs of data centers.
According to Goldman Sachs, energy demand is expected due to AI data centers to increase 165% by 2030. Building a small -scale AI data center can cost between $ 10 and $ 50 million, while large -scale data centers can cost hundreds of millions.
Auradine designs and manufactures specific integrated circuits of the application (ASICS) and related systems for bitcoins mining. The company sees a strategic opportunity in current commercial tensions of the United States and China and the impulse of the president of the United States Trump to boost national manufacturing. Among its main competitors is the Chinese firm Bitmain, which, according to reports, has a 90% market share in the Bitcoins manufacturing sector.
Related: How to extract bitcoin: a guide for BTC mining beginners
The cryptographic mining market will grow in Cag 13% to 2034
According to precedence investigation, the cryptocurrency mining market was valued at $ 2.5 billion in 2024 and is expected to have an annual growth rate composed of 13% to 2034. If that prediction is precise, the mining market will reach a size of $ 8.2 billion in 2034.
Bitcoin’s growing hashrat, along with the growing energy demands after every half of half, is intensifying competition in the mining sector. As a result, the impulse of greater efficiency and advanced technology can create openings so that new players gain market share.
Trump’s dual wishes to make the United States “the cryptographic capital of the planet” and bring manufacturing on the coast can also play a role. The United States represents more than 40% of Bitcoin’s hashrate (BTC), but US -based miners. UU. They still depend largely on platforms made in China.
The Auradine Series B Round of $ 80 million, as its C series, was excessively signed. In total, the company has raised more than $ 300 million in all financing rounds.
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