Company responsible for the swiftest Bitcoin mining device worldwide secures an additional $80M in funding.

Auradine, a tech startup specializing in web infrastructure and cryptocurrency mining hardware and software solutions, proudly announced the successful conclusion of a series B funding round worth a whopping $80 million on April 10th.
The funding was a collaboration between previous investors Celesta Capital, Mayfield Fund, and Marathon Digital, as well as new investors StepStone Group, Top Tier Capital Partners, MVP Ventures, and Maverick Capital. It’s worth noting that Celesta Capital and Mayfield led the previous funding round completed in May 2023.
According to a press release, this series B round was oversubscribed and nearly matched the series A funding of $81 million. Additionally, Auradine achieved a significant milestone of $200 million in bookings. The exact valuation at which the funds were raised remains undisclosed.
Rajiv Khemani, co-founder and CEO of Auradine, expressed in a statement that the funds would be utilized to further enhance production capabilities.
Auradine offers a wide range of products and services, including web infrastructure support for privacy, security, and artificial intelligence (AI) applications. Their “Teraflux” line of bitcoin miners is reputed to be the world’s fastest and most energy-efficient.
Based on company literature, Auradine’s AI3680 model miners have the capacity to achieve an output of 0 to 375 TH/s, with an optimal efficiency of 15 J/TH. For comparison, Bitmain’s Antminer S21 Hydro, one of the fastest miners currently available, has a rating of 335 TH/s.
In Q2 of 2024, Auradine plans to ship two “Teraflux” ASIC miners. The first one, called model AT2880, is an air-cooled miner capable of achieving an output of 0 to 260 TH/s, with an optimal efficiency of 16 J/TH. The second miner is the aforementioned AI3680. According to the press release, over 30 leading data-center-scale miners have already received Teraflux products.