Auradine Raises $80 Million in Series B Funding to Expand Blockchain and AI Industries
Auradine, a leading Bitcoin mining equipment manufacturer, has recently secured $80 million in a Series B funding round to further expand its presence in the blockchain, security, and artificial intelligence industries. The funding round was oversubscribed, exceeding the initial target of $70 million.
The funding round saw participation from new investors such as StepStone Group, Top Tier Capital Partners, MVP Ventures, and Maverick Capital, along with existing investors including Celesta Capital, Mayfield Fund, and Marathon Digital. This significant investment will enable Auradine to accelerate its growth and development in the rapidly evolving blockchain and AI infrastructure space.
Auradine’s success can be attributed to its innovative Teraflux family of Bitcoin ASIC Miners, which have been praised for their speed, efficiency, and energy-saving features. The company has already achieved $80 million in bookings and has a substantial order backlog exceeding $200 million, showcasing the strong demand for its products.
“We are thrilled to announce our $80 million Series B funding and the significant customer momentum we have achieved,” said Rajiv Khemani, co-founder and CEO of Auradine. “This funding will allow us to ramp up production capacity and invest in our product roadmaps to meet the growing needs of our global customer base.”
With this latest funding round, Auradine is well-positioned to continue leading the way in blockchain and AI infrastructure with its cutting-edge solutions and commitment to sustainability.
