Auradine, a manufacturer of computer equipment for Bitcoin (BTC) Mining and AI applications, said it raised $ 153 million in a series C financing round.

The Silicon Valley, California-based company, also formed a new business group, Auralinks AI, focusing on open standards to meet cooling requirements from the next generation AI data centers.

AI -DATA CENTERS AND BTC mining shares similarities in their operational requirements. Given the spread of AI in mainstream use in recent years, the topic of data centers is now common in public discourse. This is important for the cryptocurrency industry because most things that relate to AI data centers could also be used for Bitcoin mining.

“Our double focus on Bitcoin and AI infrastructure places Auradin 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 financing round, which took Auradine’s total support for $ 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.