Bitcoin mining machine manufacturer Auradine has completed a $80 million Series B financing, with participation from Maverick Capital and others

ChainCatcher news, according to The Block, Bitcoin mining machine manufacturer Auradine has completed a $80 million Series B funding round, with participation from Maverick Capital and others, led by StepStone Group, Top Tier Capital Partners, MVP Ventures, Maverick Capital, Celesta Capital, Mayfield Fund, and Marathon Digital.

It is reported that Auradine, headquartered in California, was founded in 2022 and launched the Teraflux Bitcoin mining machine last November.

Rajiv Khemani, co-founder and CEO of Auradine, stated that the company initially aimed to raise $70 million, but due to greater investor interest, it ultimately achieved oversubscription. It is reported that Auradine's Series B funding is also a mix of equity and debt, including $60 million in equity and $20 million in debt.

Khemani mentioned that the demand for the Teraflux Bitcoin mining machine is strong. "We have achieved $80 million in bookings, with order channels exceeding $200 million."

According to the crypto data platform RootData, last May, Auradine completed a $81 million Series A funding round, led by Celesta Capital and Mayfield, with participation from Cota Capital, DCVC, and Stanford University.