Bitcoin

when

Auradine, a Silicon Valley-based Bitcoin miner manufacturer, has partnered with virtual power plant providers CPower and Voltus to enhance energy demand response and grid stability using Auradine’s EnergyTune technology. This collaboration aims to improve Bitcoin mining efficiency by allowing real-time energy consumption adjustments, reducing usage during peak demand periods, and increasing production during times of surplus, according to <a href="https://beincrypto.com/auradine-cpower-voltus-energytune-bitcoin-mining/">Beincrypto</a>. 
Auradine's EnergyTune technology integrates demand response capabilities within the Bitcoin mining industry, supporting a more sustainable and flexible energy future. By owning the entire technology stack, Auradine ensures performance and integration without relying on third-party components. In an exclusive interview, Rajiv Khemani, co-founder and CEO of Auradine, emphasized the company's goal to enable efficient and sustainable Bitcoin mining by utilizing excess or wasted energy. 
Khemani noted that partnerships with CPower and Voltus were critical due to their aligned missions with Auradine. This approach allows <a href="https://ultramining.com/news/en/russias-bitcoin-gold-rush-mining-machine-influx-outpaces-rest-of-the-world/">Bitcoin miners</a> to return energy to consumers and industries when needed. A January report by Coinshares supports this strategy, finding that Bitcoin mining often seeks the most affordable energy sources, including stranded energy from renewable projects in remote areas. Daniel Batten, an ESG analyst, estimates that approximately 53% of the energy consumed by Bitcoin mining operations is now renewable, higher than the finance industry's 40%. 
Auradine's EnergyTune technology enables rapid energy consumption adjustments at both unit and data center scales, matching demand with supply and maintaining grid stability. This capability is valuable for the energy sector and Bitcoin miners, with over 30 customers expressing satisfaction with Auradine’s Bitcoin miners. These miners also allow operations in extreme conditions without air conditioning. 
Looking ahead, Auradine plans to diversify its product portfolio to include additional blockchain and generative AI applications. In April, Auradine secured $18 million in Series B <a href="https://ultramining.com/news/en/liquidstack-secures-funding-to-boost-eco-friendly-bitcoin-mining-in-the-u-s/">funding</a> to scale operations and expand its portfolio, with plans to raise additional capital later this year. The company aims to develop domain-specific solutions to address rising computing and <a href="https://ultramining.com/news/en/impending-bitcoin-halving-may-trigger-major-hashrate-decline-say-experts/">energy costs</a> associated with AI.

Auradine Introduces EnergyTune Technology to Optimize Bitcoin Mining Operations

Ultramining_Eng

Other articles published on Jun 18, 2024

‘Trap for Investors’ ‘Worst Time for Alts’: Here’s What Analysts Are Saying About Altcoin and Cry...

BABY BEERCOIN Price Prediction: BBEER Plunges 61% As This New AI Meme Coin Moves Within A Whisker...

Solana Layer 2 Network, Sonic Raises $12M at $100M Valuation

Bybit Review 2024: Must-Read Guide with Surprising Insights!

Top Meme Coins To Buy As They Hit Critical Supports

Ethereum (ETH) Price Drops 5% as ICO Whale Transfers $20 Million to Kraken

Join our free newsletter for daily crypto updates!