Latest news with #RajivKhemani
Cision Canada
20 hours ago
- Business
- Cision Canada
GDA Purchases 1,000 Advanced Auradine Miners to Expand Mining Capacity
Deployment of 1000 AT2880-277 miners at GDA's Glasscock County, Texas data center deepens its ties to the Lone Star State HOUSTON, June 23, 2025 /CNW/ -- Genesis Digital Assets Limited ("GDA"), one of the largest Bitcoin mining companies in the world in terms of hash rate, today announced it has entered a purchase agreement with Auradine, a Silicon Valley-based provider of blockchain and AI infrastructure solutions. As part of the agreement, GDA will acquire 1000 of Auradine's latest Teraflux™ AT2880-277 air-cooled miners to be installed at its 40 MW data center in Glasscock County, Texas. "GDA's strategic priority is to combine operational excellence with long-term sustainability," said Abdumalik Mirakhmedov, Executive President of GDA. "Auradine's advanced mining systems offer the performance and flexibility we need to compete globally while staying aligned with our focus on responsible energy use, innovation, and a commitment to supporting the grid." The AT2880-277 miner delivers up to 260 TH/s of hash rate with energy efficiency as low as 16 J/TH, offering GDA best-in-class performance and sustainability. Once operational, the new machines will also participate in ERCOT, Texas's demand response program, reinforcing GDA's growing role in improving power grid reliability during peak demand periods. "We are proud to partner with GDA, a company that exemplifies strategic leadership and operational discipline in the Bitcoin mining space," said Rajiv Khemani, CEO and co-founder of Auradine. "This collaboration underscores the importance of developing and deploying U.S.-based, energy-efficient mining infrastructure that secures the future of the Bitcoin Network and contributes to energy grid resilience." This deployment is part of GDA's broader U.S. expansion strategy, positioning Texas as a cornerstone of its operations due to its renewable energy assets, regulatory alignment with the industry, and innovation-friendly environment. About GDA GDA is one of the world's largest and most experienced industrial-scale Bitcoin mining companies, with a track record of building, managing, and scaling data center operations spanning nearly a decade. We champion innovation, responsible energy use, and investment in the communities where we operate globally, including the 20 data centers across North America, South America, Europe, and Central Asia. With a total power capacity of over 600 MW, the company has brought over 150,000 miners online and was named to Fast Company's 2024 list of the Next Big Things in Tech in the fintech and blockchain category and was the winner of the "ESG Solution of the Year Award" by the 2025 CleanTech Breakthrough Awards. At GDA, we are committed to supporting the infrastructure for the future of money by making the Bitcoin network more robust, resilient, and secure. About Auradine Auradine, Inc. is a leader in blockchain and AI infrastructure solutions. The company provides groundbreaking software, hardware, and cloud offerings to enable scalable, sustainable, and secure solutions. Founded in 2022 by a team of seasoned entrepreneurs and technologists, Auradine boasts deep expertise and a proven track record in semiconductors, SaaS, and systems. Auradine is committed to innovation and excellence and is headquartered in Silicon Valley, California.
Yahoo
13-06-2025
- Business
- Yahoo
This startup is redesigning Bitcoin mining for a greener future
This startup is redesigning Bitcoin mining for a greener future originally appeared on TheStreet. In a market dominated by high-wattage rigs and heat-choked data centers, Auradine is taking a different path—designing Bitcoin mining infrastructure with energy efficiency, environmental adaptability, and long-term sustainability at its core. Founded three years ago, the Silicon Valley startup is rethinking how—and where—Bitcoin gets mined, with an eye toward both technical performance and ecological impact. 'To really effectively mine Bitcoin, you need very specialized, leading-edge silicon technology,' said Auradine CEO and co-founder Rajiv Khemani in an interview with TheStreet Roundtable's Alp Gasimov. 'But just as important is how responsibly that energy is used.' While traditional mining operations rely on steady, often high-cost energy consumption, Auradine's approach is engineered for flexibility. Its miners can scale power use up or down within seconds, helping to absorb surplus energy when available—and back off when the grid is under strain. 'All of these energy sources—whether coal, natural gas, solar, hydro—they have ups and downs,' says Khemani. 'Our systems can adapt in real-time, making mining much more energy-aware.' Auradine's rigs are also built for the real world, not just sterile server rooms. Many operate in rugged, remote environments, with no air conditioning, no advanced cooling, and very little margin for error. 'You have to build very ruggedized systems,' Khemani explains. 'There can be a lot of dust and heat. These miners have to be resilient.' But at its heart, Auradine's mission is about more than hardware. It's about giving Bitcoin mining a cleaner, smarter, and more sustainable foundation. 'Bitcoin consumes energy—for a very good reason,' says Khemani. 'It secures the protocol, validates transactions, and provides decentralized assurance. What we're doing is making that process smarter, more responsive, and more responsible.' With mining under increasing scrutiny and energy efficiency a growing concern, Auradine isn't just selling miners. It's making the case for a new model of digital infrastructure—one that's not just powerful, but adaptive and aligned with a changing world. This startup is redesigning Bitcoin mining for a greener future first appeared on TheStreet on Jun 12, 2025 This story was originally reported by TheStreet on Jun 12, 2025, where it first appeared. Sign in to access your portfolio
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
