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Bitcoin miner manufacturer Auradine raises $80 million Series B ahead of halving

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Auradine News

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Auradine, a web infrastructure startup that also manufactures Bitcoin miners, has raised $80 million in a Series B funding round.

Several investors, including StepStone Group, Top Tier Capital Partners, MVP Ventures, Maverick Capital, Celesta Capital, Mayfield Fund and Marathon Digital, joined the "oversubscribed" round, Auradine said Wednesday.

Like its $81 million Series A round last year, Auradine's Series B round is also a mix of equity and debt. It consists of $60 million in equity and $20 million in debt, Khemani said. "Halving will further the need for energy efficiency and demand response. Our unique EnergyTune capability and energy-efficient silicon, along with the highest terahash performance, work well for post-halving," he added.

 

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