Bitcoin mining company Auradine has secured $153 million in its latest funding round to support the launch of a new AI-focused project. StepStone Group led the Series C funding round, joined by Maverick Silicon, Samsung Catalyst Fund, MARA Holdings, and other investors. This oversubscribed funding round brings Auradine's total raised capital to $300 million. The funds will be utilized to establish AuraLinks AI, a business group offering open-standards networking solutions for AI data centers. Auradine's CEO, Rajiv Khemani, highlighted the company's strategic positioning at the convergence of Bitcoin and AI technologies, which are set to revolutionize computing and energy consumption. The move towards AI comes amidst market volatility caused by the trade tensions between the US and China, with Bitcoin currently trading at $84,925. Several crypto firms, including Galaxy Digital Holdings and Crusoe, are also venturing into AI to diversify their operations. Read more AI-generated news on: https://app.chaingpt.org/news