Bitcoin

In a notable financial milestone, Auradine, a company that strides across web infrastructure and Bitcoin mining manufacturing, has successfully closed its Series B <a href="https://ultramining.com/news/en/liquidstack-secures-funding-to-boost-eco-friendly-bitcoin-mining-in-the-u-s/" rel="noopener noreferrer nofollow">funding</a> round, securing a hefty $80 million. This achievement comes as the Bitcoin community keenly anticipates the upcoming <a href="https://ultramining.com/news/en/heat-waves-and-halving-bitcoin-miners-cash-in-amid-rising-prices/" rel="noopener noreferrer nofollow">halving</a> event, poised to reshape the mining landscape with its promise of reduced block rewards, according to <a href="https://www.theblock.co/post/287572/bitcoin-miner-manufacturer-auradine-series-b-halving" rel="noopener noreferrer nofollow">Theblock</a>.
Founded just two years ago in 2022, Auradine has rapidly ascended the ranks in the crypto and blockchain sphere, initially catching the industry's eye with its innovative Teraflux <a href="https://ultramining.com/news/en/russias-bitcoin-gold-rush-mining-machine-influx-outpaces-rest-of-the-world/" rel="noopener noreferrer nofollow">Bitcoin miners</a>. The Series B funding round not only underscores the investors' confidence in Auradine's technological prowess but also highlights the growing interest in infrastructure that supports the burgeoning crypto economy. According to Rajiv Khemani, co-founder and CEO, the round was "oversubscribed," with contributions from renowned entities like StepStone Group, MVP Ventures, and Marathon Digital, among others.
The raise was initially targeted at $70 million but was extended due to overwhelming investor interest. This funding round, a blend of $60 million in equity and $20 million in debt, follows a successful $81 million Series A, catapulting Auradine's valuation to over $500 million. While still shy of the coveted "unicorn" status, Khemani is optimistic about the company's trajectory, hinting at future product lines beyond Bitcoin miners, aimed at disrupting the blockchain and AI industries.
As the Bitcoin halving looms, Auradine's Teraflux miners are in high demand, with bookings already hitting $80 million and an order pipeline exceeding $200 million. The halving event, expected to heighten the need for energy-efficient mining solutions, presents a golden opportunity for Auradine to solidify its market position. Its unique EnergyTune technology, coupled with energy-efficient silicon, positions the company as a front-runner in the post-halving era

Auradine Secures $80M Series B Funding, Anticipates Bitcoin Halving Surge

Ultramining_Eng

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