Bitcoin mining and AI infrastructure startup Auradine has raised $153 million in a Series C funding round.
Led by StepStone Group, the round also saw participation from Bitcoin miner MARA, Maverick Silicon, Qualcomm Ventures, and Samsung Catalyst Fund. It brings the total raised by the company to more than $300m.
In addition to announcing the fundraise, Auradine, which is based in Silicon Valley, California, also unveiled a newly formed business group dubbed AuraLinks AI, which the company said would focus on open-standards-based networking solutions to address the increasing bandwidth and cooling requirements of next-generation AI data centers.
“Both Bitcoin and AI convert energy into economic value and require highly energy-efficient, scalable, and flexible infrastructure solutions,” said Rajiv Khemani, co-founder and CEO of Auradine. “Since day one, Auradine has focused on open standards, sustainability, and innovation velocity. Our dual focus on Bitcoin and AI infrastructure places Auradine at the intersection of pivotal technologies that will reshape computing and energy utilization for decades to come. This funding round enables us to scale that vision with greater speed and impact.”
Founded in 2022, Auradine sells servers specially designed for Bitcoin mining, with its hardware portfolio consisting of offerings that use air, water, and immersion cooling technology.
Prior to founding Auradine, Khemani founded and led networking startup Innovium, having previously held the role of COO at Cavium.
In January 2025, Auradine announced Lip-Bu Tan was joining its board of directors. In March, Tan was appointed CEO of Intel.
