Bitcoin Miner Manufacturer Auradine Raises $80 Million Series B Ahead of Halving

Auradine, a web infrastructure startup that also manufactures Bitcoin BTC/USD miners, has raised $80 million in a Series B funding round. Several investors, including StepStone Group STEP, Top Tier Capital Partners, MVP Ventures, Maverick Capital, Celesta Capital, Mayfield Fund and Marathon Digital MARA, joined the "oversubscribed" round, Auradine said Wednesday. Auradine was initially looking to raise $70 million but ended up raising more due to greater investor interest, co-founder and CEO Rajiv Khemani told The Block. Auradine began raising Series B earlier this year and closed it last week, he said.

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Read the full story at The Block.