Auradine Secures $153 Million Funding for Bitcoin and AI Ventures – Decrypt

Bitcoin mining firm Auradine has successfully raised $153 million in its most recent funding round with the goal of launching a new AI-focused project.

The Series C funding round was led by StepStone Group, with contributions from Maverick Silicon, Samsung Catalyst Fund, MARA Holdings, and other investors, according to a statement from Auradine published on Wednesday. This oversubscribed raise brings the total capital raised by the firm to $300 million.

Auradine plans to utilize the funds to support a new business division, AuraLinks AI, which aims to provide open-standards based networking solutions for AI data centers—services that are highly sought after due to the substantial computational power and energy needs of AI workloads.

“Our strategic emphasis on Bitcoin and AI infrastructure places Auradine at the crossroads of leading technologies that will redefine computing and energy consumption for years to come,” stated Auradine co-founder and CEO Rajiv Khemani on Wednesday.

“This funding round enables us to accelerate that vision with greater speed and efficacy,” he added.

Auradine’s focus on AI comes at a time when escalating trade tensions between Washington D.C. and Beijing have prompted volatility in the cryptocurrency market.

Bitcoin is currently valued at $84,925, down 1.3% from its price two weeks ago and 21% from its all-time high of approximately $108,000, according to CoinGecko data. The broader cryptocurrency market has also been experiencing increased volatility following the implementation of U.S. President Donald Trump’s aggressive tariffs, seeing a 3% decrease in market value over the last 24 hours.

Amid the growing uncertainty in the digital assets market, numerous crypto companies are turning to AI as a way to diversify their operations.

Recently, Galaxy Digital Holdings announced an agreement to host AI cloud provider CoreWeave in its crypto-mining data center in West Texas. Additionally, cloud computing company Crusoe sold its crypto ventures to NYDIG in March as part of a shift towards an AI-focused business model, as indicated in a statement from the company.

Edited by James Rubin