Auradine, a company specializing in manufacturing equipment for Bitcoin mining, has successfully closed a Series C funding round totaling $153 million. The round was led by StepStone Group, with notable investors including Maverick Silicon, Premji Invest, Samsung Catalyst Fund, Qualcomm Ventures, Mayfield, MARA Holdings, GSBackers, and others.
This is reported by Finway
In total, Auradine has raised $314 million since its inception. Co-founder and CEO Rajiv Hemani commented to The Block that the firm raised 22% more than the planned amount of $125 million. He noted that the company began raising capital for this round at the end of 2024 and completed it in early April 2025.
Business Development and AI Division
With the new funding, Auradine intends to expand its core business of manufacturing Bitcoin mining equipment, as well as its newly established AuraLinks AI division, which focuses on creating network infrastructure for data centers utilizing artificial intelligence.
“Our goal is to develop breakthrough open solutions for data center networks in the AI era. We are in the development stage and plan to announce our first products later this year,” said Hemani.
According to Hemani, artificial intelligence technologies pair well with mining, as modern chips, cooling systems, and integrated solutions allow for efficient energy distribution among data centers for data processing, both for artificial intelligence and Bitcoin mining.
It is worth noting that in April 2024, Auradine closed a Series B funding round of $80 million, further confirming the growing interest of investors in technologies related to cryptocurrencies and artificial intelligence.