Latest news with #Auradine
Yahoo
22-04-2025
- Business
- Yahoo
Investors flee to Bitcoin and gold as Trump's tariffs shake markets
Gold has surged in recent months as investors seek safety amid ongoing geopolitical tensions, ie, Trump Tariffs. Reuters reported, 'The latest flare-up of tensions between the world's two largest economies dented sentiment in wider financial markets, sending investors towards safe-haven assets such as gold.' Over the past six months, gold has risen by roughly 19.33%, or $512 per ounce. Bitcoin, often compared to gold for its scarcity and store-of-value potential, has seen even more dramatic price movement. Rising from $67,000 to a high of $109,000 before settling in the mid-$80,000s. While gold's value is rooted in centuries of trust, Bitcoin offers a fixed supply and rapidly increasing regulatory clarity, which could attract a growing wave of institutional and retail investors. Bitcoin and AI infrastructure firm Auradine has raised $153 million in a funding round that exceeded its target in a series C round, bringing their total funding to over $300 million. StepStone Group led the round, joined by investors including Qualcomm Ventures, Samsung Catalyst Fund, Premji Invest, and MARA Holdings. The company also launched AuraLinks AI, a new division that will build networking tools to help AI data centers handle more traffic and stay cool as they grow. CEO Rajiv Khemani said the funding will help Auradine grow faster and build tech that supports both AI and blockchain in a more energy-efficient way. Tether is partnering with OCEAN, a decentralized Bitcoin mining pool led by Bitcoin Core developer Luke Dashjr, to deploy both its current and future hashrate. The move is aimed at advancing Bitcoin's decentralization by leveraging OCEAN's open-source DATUM protocol, which enables miners to build their own block templates and operate in low-bandwidth environments. 'We see supporting decentralization in Bitcoin mining as essential to the network's long-term integrity,' said Paolo Ardoino, CEO of Tether. The partnership aims to help Tether earn mining rewards directly, potentially cut costs, and grow into regions with limited access to mining tools. Bitcoin Core version 29.0 was released on April 14, 2025, bringing bug fixes and improvements. With this update, support for versions 26.x and earlier has ended, meaning they will no longer receive updates. In line with the project's security policy, any major security issues found in those older versions will be publicly disclosed two weeks after the release. Bitcoin Core is the main software that powers the Bitcoin network. It verifies all transactions, includes a built-in wallet, and is based on the original code from Bitcoin creator Satoshi Nakamoto. The project is open source, with contributors from around the world. Final decisions on code changes are made by trusted developers known as maintainers. Development is done openly on GitHub. CleanSpark has expanded its capital strategy with a $200 million Bitcoin-backed credit facility from Coinbase Prime. The funding allows the company to support growth without issuing new shares, as it transitions to a self-funded operating model. As part of the shift, CleanSpark will begin selling a portion of its monthly Bitcoin production to cover expenses. The company holds more than 12,000 BTC, valued at roughly $1 billion. 'While we remain committed to Bitcoin as a long-term, hardened asset, we believe a more effective way to increase shareholder value is through a balanced approach between monetizing new production and building long-term holdings,' said CEO Zach Bradford. The move sets CleanSpark apart from competitors who continue to rely on equity dilution or high leverage to fund operations. Disclaimer: The views and opinions expressed in this article are solely those of the author and do not necessarily reflect the views of TheStreet Crypto. This piece is for informational purposes only and should not be considered financial or investment advice. Sign in to access your portfolio
Yahoo
17-04-2025
- Business
- Yahoo
Auradine Raises $153M Series C for Bitcoin Mining, AI Data Center Networking
Auradine, a maker of computing equipment for bitcoin (BTC) mining and AI applications, said it raised $153 million in a Series C funding round. The Silicon Valley, California-based company also formed a new business group, AuraLinks AI, focused on open-standards to address cooling requirements of next-generation AI data centers. AI data centers and BTC mining share similarities in their operational requirements. Given the proliferation of AI in mainstream use in recent years, the subject of data centers is now commonplace in public discourse. This is significant for the cryptocurrency industry because most things that relate to AI data centers could also be applied to bitcoin mining. "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," CEO Rajiv Khemani said in a statement. The funding round, which took Auradine's total backing to $300 million, was led by StepStone Group and included another contribution from bitcoin miner MARA, as well as Maverick Silicon, Samsung Catalyst Fund and Qualcomm Ventures, among others. Sign in to access your portfolio
Bloomberg
16-04-2025
- Business
- Bloomberg
US Bitcoin Mining Firm Raises Funds With Chinese Rivals Stuck
A US maker of Bitcoin mining computers said it has closed a $153 million funding round as its Chinese competitors face increasing scrutiny and tariffs imposed by the Trump administration. The California-based company, Auradine, is raising the money from several investors, including Samsung Catalyst Fund, Qualcomm Ventures and MARA Holdings, which is the largest US-listed Bitcoin mining company by market capitalization.
Forbes
01-04-2025
- Business
- Forbes
Bitcoin Mining Enters New Era As ASIC Competition Grows
Bitcoin mining machine (Photo by Valeria Mongelli) AFP via Getty Images Speaking at the Blockworks Digital Assets Summit on March 20, 2025, President Donald Trump pledged to make the United States 'The undisputed bitcoin superpower.' Yet, with mounting operational expenses and sluggish bitcoin prices, implementation is anything but easy. Bitcoin's hashrate continues to surge to all-time highs, underscoring the network's rapid expansion and the growing demand for computational power. Driving this evolution is a crucial, but frequently overlooked component of the ecosystem: application-specific integrated circuits, the purpose-built machines that power bitcoin mining. Hashrate isn't just a technical metric, it's a proxy for the health, security, and resilience of the Bitcoin network. But, the production of ASIC mining hardware has long been dominated by just two players: Bitmain and MicroBT. Since bitcoin's early days in 2009, when enthusiasts mined the cryptocurrency from personal computers, the mining industry has grown into a global, multi-billion-dollar enterprise. Over the years, companies like Bitmain and MicroBT have dominated the market, capitalizing on efficient manufacturing and access to chip foundries. However, as demand for computing power expands, especially with the rise of AI, new competitors such as Auradine, Braiins, and Block's Proto team are stepping in. This period marks a pivotal shift in the ASIC landscape, where innovation and efficiency are key to staying competitive. Particularly, each Bitcoin halving cycle fuels the need for next-generation mining technology. More companies are entering the bitcoin mining chip market, including Auradine, Braiins, and Block's Proto. Auradine and Block are based in the U.S., while Braiins operates in the Czech Republic. Together, they represent a new wave, making the bitcoin mining market more competitive. Auradine, founded in 2022 in Silicon Valley, recently launched its AH3880 miner. Designed for efficiency, stability, and AI integration, it features a closed-loop hydro cooling system that enhances energy use and longevity, positioning it as a strong competitor to existing market leaders. Its reliability and forward-looking design catch the attention of large-scale operators and data centers alike. Also founded in 2022 is Proto. Supported by Jack Dorsey's Block and partnering with Core Scientific, they take a distinctly open-source approach to Bitcoin mining. Proto's open ASIC platform supplies developers with chips, systems, and tools to create custom solutions. This effort aims to reduce entry barriers, encourage innovation, and decentralize control in a market long dominated by a handful of major players. Braiins, long known for its contributions to mining software, is now building its own ASIC hardware. The company aims to challenge that dynamic with a more decentralized, flexible design architecture. This next generation of mining hardware companies is also aligned with broader trends in the energy and infrastructure sectors. Riot Platforms, one of the largest bitcoin mining companies, CEO Jason Les, said at the Bitcoin for America Summit in March 2025, Les emphasized that miners can act as flexible energy consumers, helping balance grids and accelerate the development of power infrastructure for AI and data centers. Redefining the future of bitcoin mining isn't just about who builds the fastest machines, it's about creating a competitive ecosystem.
Yahoo
27-03-2025
- Business
- Yahoo
Auradine Sees Growth Opportunity in U.S. Bitcoin Mining Push Under Trump's Policies
Auradine has launched the Teraflux AH3880, a hydro-cooled Bitcoin miner designed and manufactured in the United States. The company aims to address the challenges of rising computational demands, increasing energy costs, and dependence on foreign hardware suppliers. With a hash rate of 600 TH/s and an energy efficiency of 14.5 J/TH, the Teraflux AH3880 outperforms other major Bitcoin miners, including the Antminer S19j Pro and the Antminer S21 XP Hydro. This launch comes amid disruptions in U.S. Bitcoin mining, as some mining rig shipments have been seized by U.S. Customs and Border Protection. These seizures involve devices from companies like Bitmain and MicroBT, which were halted due to trade restrictions stemming from the Trump administration's efforts to reduce reliance on foreign technology. The devices included chips from Sophgo, a company now on the U.S. trade restrictions list. As a result, many U.S. miners have faced significant delays in receiving hardware shipments. Sanjay Gupta, chief strategy officer at Auradine, highlighted the impact of U.S.-China trade tensions, which have caused disruptions in the supply chain. With China-based companies like Bitmain dominating the Bitcoin mining hardware market, U.S. miners are increasingly looking for domestic alternatives. The U.S. government's push for onshore manufacturing and self-reliance in Bitcoin mining hardware presents an opportunity for U.S. miners to regain control over their supply chains. Analysts estimate that this shift could unlock a $20 billion market for domestic hardware producers. Auradine's Teraflux AH3880 is a response to these challenges. It is designed to reduce dependence on foreign manufacturers, providing U.S. miners with a solution that not only avoids trade restrictions but also enhances efficiency and sustainability. The U.S. government's recent focus on supporting domestic Bitcoin mining and electricity generation aligns with Auradine's goal to offer U.S.-made, energy-efficient hardware to Bitcoin miners. The Teraflux AH3880 features a liquid cooling system that improves efficiency by directly cooling the ASIC chips, ensuring lower power consumption while maximizing output. This innovation helps address both the operational needs and regulatory challenges faced by U.S. miners. Additionally, the longer hardware lifespan of the miner reduces the need for frequent replacements, further reducing operational costs. Despite concerns about the centralization of Bitcoin mining, with most activity concentrated in the U.S. and China, Gupta argued that more energy-efficient solutions would ultimately strengthen the network. He acknowledged, however, that if the growth in mining activity surpasses the sustainability and decentralization efforts of the technology, risks could arise. Auradine's entry into the market positions it as a key player in the effort to reduce reliance on foreign mining rigs and offer a more sustainable, energy-efficient solution to U.S. Bitcoin miners. As more companies emerge to support onshore manufacturing, competition is expected to increase, offering U.S. miners greater options and reducing the dominance of foreign manufacturers like Bitmain. Sign in to access your portfolio
