Auradine, a Bitcoin mining firm, has successfully raised $153 million in a Series C funding round led by StepStone Group. This latest financing round boosts the company's total raised capital to over $300 million. Funds will be directed towards launching a new initiative called AuraLinks AI, which seeks to provide open-standard networking solutions for AI data centers, driven by increasing demand for computational power and energy efficiency for AI workloads. Co-founder and CEO Rajiv Khemani emphasized that the dual focus on Bitcoin and AI places Auradine at the forefront of technologies set to redefine computing and energy use. The funding arrives at a time of heightened volatility in the cryptocurrency market influenced by geopolitical tensions and regulatory changes, with Bitcoin currently trading around $84,925, a significant decline from its all-time highs. Similar moves towards AI can be seen in other crypto companies as they adapt to market pressures and explore new opportunities.

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