Bitcoin Miner Auradine Raises $153M in Oversubscribed Series C Round, Expands Into AI Infrastructure
Auradine, a rising star in the Bitcoin mining hardware space, has secured $153 million in an oversubscribed Series C funding round as it prepares to broaden its focus into AI infrastructure.
The funding round includes $138 million in equity and $15 million in venture debt, co-founder and CEO Rajiv Khemani confirmed in a statement to The Block. The raise exceeded its original $125 million target by more than 22%, signaling strong investor confidence.
The round was led by StepStone Group, with notable participation from Maverick Silicon, Premji Invest, Samsung Catalyst Fund, Qualcomm Ventures, Mayfield, MARA Holdings, GSBackers, and other returning backers.
Strategic Growth Into AI Infrastructure
Auradine, best known for its high-performance Bitcoin mining rigs, is now making strategic moves into AI infrastructure — an increasingly competitive sector benefiting from surging demand for compute power driven by large language models and generative AI.
While Khemani did not disclose the company’s current valuation, he noted that Auradine expects to become EBITDA-positive within the next few quarters, reflecting a push toward operational profitability and long-term sustainability.
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Over $300M in Total Capital Raised
The company began raising for the Series C round in late 2024, closing it earlier this month. With this latest injection of capital, Auradine’s total funding now exceeds $300 million, marking a significant milestone for the Silicon Valley-based firm.
Auradine’s previous funding rounds have also drawn strong support from major industry names, and the company is widely viewed as one of the most innovative players at the intersection of cryptocurrency mining and AI infrastructure.
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