The company behind the development of Teraflux ASICs closes an $80 million Series B funding round: Marathon Digital Holdings among the investors.
On April 10, technology company Auradine, operating in both hardware and software solutions for web infrastructure and in the production of Bitcoin mining machines, announced the completion of an $80 million Series B funding round. Among the investors are Celesta Capital, Mayfield Fund, Marathon Digital Holdings, StepStone Group, Top Tier Capital Partners, MVP Ventures, and Maverick Capital. The round nearly matched the previous funding of $81 million.
Auradine CEO Rajiv Khemani stated:
“With this new funding, we will ramp up production capacity and accelerate investments in our product roadmaps.”
Auradine is known for producing the “Teraflux” line of Bitcoin ASICs. According to the company’s data, the Teraflux line devices are the fastest and most efficient currently available on the market. The Teraflux AI3680 model is said to be able to reach a maximum power of 375 TH/s, with an efficiency of 15 J/TH. In comparison, Bitmain’s Antminer S21 Hydro, one of the fastest miners currently in production, has a capacity of 335 TH/s.
Auradine’s goal is to ship the two models of the Teraflux series by the second quarter of 2024.
