Auradine, a Silicon Valley startup focusing on AI data centers and Bitcoin mining, has successfully raised $153 million in a Series C funding round, which was led by StepStone Group. This capital will be used to expand its product suite tailored for infrastructure supporting AI and blockchain technologies. Alongside the funding announcement, Auradine introduced AuraLinks AI, a new business group aimed at optimizing networking solutions to address rising energy and cooling costs of data centers. According to Goldman Sachs, energy demand from AI data centers could surge by 165% by 2030. Building AI data centers entails substantial costs, with estimates ranging from $10 million to several hundred million. Auradine competes with prominent players like the Chinese firm Bitmain in the Bitcoin mining equipment sector, amidst ongoing US-China trade tensions. The broader cryptocurrency mining market, valued at $2.5 billion in 2024, is projected to grow at a CAGR of 13% through 2034, reflecting increased demand for advanced, efficient mining technologies.

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