Seems so:
http://support.auralic.com/hc/en-us/articles/205838298-ARIES-Won-t-Power-On
ARIES Won't Power On
Explanation:
The Lightning devices does not power on at the very beginning. The device is not actually getting power.
Solutions:
For ARIES:
Please check out if the LED indicator is light up on power supply unit (PSU). If the LED does not light up, please (1) try to switch to another power cord and try again; (2) check out the fuse if it is blown. Please contact AURALiC customer support if it still not working after you tried the instruction above.
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I've tweaked my Aries a bit. I'm using an AudioQuest NRG1000 on the power supply, I've switched the fuse for a HiFi Tuning Supreme in the power supply, I also put some Herbie's Labs Baby Bootie feet on the power supply, and I'm using an AudioQuest Diamond for the USB.
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Significant Upgrade for Aries Mini Streamer
The AURALiC Aries Mini compact wireless and wired network music streamer sounds great right out of the box. But you'll be impressed at the big leap in performance you can achieve by upgrading to the AURALiC Ultra Low Noise Linear PSU.
This PSU is based on AURALiC Purer?Power™ technology with an advanced AC filter and very low noise circuit design. It is identical to the external power supply that comes with the AURALiC Aries High End Streaming Bridge. The actual measurement shows only 10uV across the 20Hz-20KHz range.
The Ultra Low Noise Linear PSU is fuse protected and has an on/off switch and a ground lug. It comes with a jumper cable for connection to the Aries Mini. It requires an AC power cable with IEC end (not included).
http://www.audioadvisor.com/prodinfo.asp?number=ACARMPSU