Cpyware, Voltus join Oradin to facilitate Bitcoin mining

Today, Auradin, a Silicon Valley-based Bitcoin miner, has entered into strategic partnerships with virtual powerhouse providers Cpyware and Voltus. The collaboration aims to enhance energy demand response and grid stability using Auradine's EnergyTune technology.

This technology allows Bitcoin miners to adjust their power consumption in real time. It can also reduce utilization during periods of high demand and increase production during off-peak periods.

Auradine to increase the efficiency of Bitcoin miners with EnergyTune

The initiative aims to support a more sustainable and flexible energy future by integrating demand response capabilities within the Bitcoin mining industry. Auradine's EnergyTune technology and collaboration with CPower and Voltus aim to increase Bitcoin mining efficiency and environmental friendliness. By owning the entire technology stack, Auradin aims to deliver performance and integration without depending on third-party components.

In an exclusive interview with BeenCrypto, Auradine Co-Founder and CEO Rajiv Khemani explained the motivation behind the partnership with Cpyware and Voltus. He emphasized the company's goal to enable efficient and sustainable Bitcoin mining using profit or loss power. This approach allows Bitcoin miners to restore power to consumers and industries when needed.

Read more: How Much Electricity Does Bitcoin Mining Use?

“When we learned about Cipower and Voltus, we felt these companies had missions that aligned with ours, so we thought a strategic partnership with them was critical,” he said.

A January report by Coinshares supports this approach. He realized that Bitcoin mining is constantly looking for the most affordable sources of energy. This sector often uses renewable energy that cannot be easily integrated into the existing power grid, usually by tapping renewable energy projects in remote areas.

As a result, Bitcoin mining operations using electricity from sustainable sources are increasing. Environmental, Social and Governance (ESG) analyst Daniel Batten estimates that approximately 53% of the energy consumed by Bitcoin mining operations is now renewable. This figure is higher than the financial industry's estimated 40% sustainable energy use.

Kemani discussed the integration of EnergyTune technology, which enables rapid adjustments to energy consumption at the unit and data center scale. This capacity aims to match demand with supply and maintain grid stability. The technology's ability to increase and decrease power consumption in seconds is seen as a valuable tool for the energy sector and bitcoin miners.

Feedback from Auradine customers is positive. More than 30 customers have expressed their satisfaction with the capabilities of the company's Bitcoin miners.

These mines also allow operations in extreme conditions without air conditioning. While not all customers have yet taken advantage of CPower and Voltus features, they are expanding the benefits they have.

Bitcoin mining and AI infrastructure bridge

Looking ahead, Auradin intends to diversify its product portfolio to include more blockchain and generative artificial intelligence (AI) applications. In April, Oradin secured $18 million in Series B funding, which Kemani said it will use to expand operations and expand its portfolio. The company plans to raise more capital this year to support further growth and innovation.

“Our team has talents and capabilities in the area of ​​security and cyber security. So, one of the areas we're working on is that we can build better compelling solutions for generative AI security applications than using current solutions. We expect to bring products in that area in the next one to two years and we'll talk about that as the products get closer to market.” “We will explain more,” he said.

Furthermore, Auradin aims to address the rising computing and energy costs associated with AI by developing domain-specific solutions. This plan coincides with a recent Bitwise report that highlights the growing cost of Bitcoin mining infrastructure for AI companies due to the current AI boom and shortage of data centers and powerful chips.

However, Kemani said that the potential integration between Bitcoin and AI data centers remains in the early days. Bitcoin miners' variable load capacity suits them in response to demand and pricing, while AI data centers require more consistent power sources.

Read More: Bitcoin Mining From Home: Possible in 2024?

In addition, Oradin plans to create excess power from states and countries that support Bitcoin and energy suppliers. These partnerships aim to responsibly integrate Bitcoin mining into the wider energy and financial ecosystem.