On April 10, the bitcoin mining rig producer Auradine revealed it had secured an $80 million investment in a Series B funding round. Additionally, the company highlighted that it has also achieved $80 million in bookings.
Auradine Raises $80 Million, Doubling Down on Teraflux Mining Rig Expansion
The California-headquartered bitcoin mining equipment manufacturer Auradine, known for its Teraflux mining rigs, garnered $80 million in an oversubscribed Series B financing round. The financial infusion came from Stepstone Group, Top Tier Capital Partners, MVP Ventures, Maverick Capital, Marathon Digital, Celesta Capital, and Mayfield Fund. This Series B event comes on the heels of Auradine’s Series A funding round, during which the company successfully secured $81 million in capital.
“We are very proud of the advancements that our team has made in bringing innovative, energy-efficient, and secure products to our customers,” Rajiv Khemani, the co-founder and CEO of Auradine said in a statement. “The strong orders and pipeline reflect the confidence our customers have in us. With this new funding, we will ramp up production capacity and accelerate investments in our product roadmaps.”
Auradine’s foray into the bitcoin mining rig production arena arrives amidst a landscape where only a handful of established players dominate. Currently, the leading manufacturers in this sector include Bitmain, Canaan, and Microbt, renowned for their devices’ superior terahash output and energy efficiency, measured in joules per terahash (J/T). For example, by the close of March, Bitmain unveiled a new model boasting an efficiency of 15 J/T.
Auradine’s Teraflux air-cooled AT2880 model delivers an efficiency of 16 joules per terahash (J/T) and an output of 260 terahash per second (TH/s). Meanwhile, its Teraflux AI3680 model, designed for single-phase immersion cooling, offers a robust 375 TH/s performance at an efficiency of 15 J/T. Auradine has further expanded its lineup with the air-cooled AT1500, achieving 185 TH/s at 22 J/T, and the immersion-cooled AI2500, which produces 250 TH/s with an efficiency of 21 J/T.
Curious about Bitcoin?
How about mining this new and asymmetric asset?
Find out how it works.
Book your edge now!
www.rollmanmining.com
