According to BlockBeats, Auradine, a Bitcoin mining machine manufacturer, has successfully raised $80 million in a Series B funding round on April 10. The round saw participation from Maverick Capital, StepStone Group, Top Tier Capital Partners, MVP Ventures, Celesta Capital, Mayfield Fund, and Marathon Digital.
Rajiv Khemani, the co-founder and CEO of Auradine, stated that the company initially aimed to raise $70 million. However, due to increased investor interest, the funding round was oversubscribed. The Series B funding for Auradine was a mix of equity and debt, including $60 million in equity and $20 million in debt.
This funding round marks a significant milestone for Auradine as it continues to expand its operations in the Bitcoin mining industry. The raised capital will be used to further develop its technology and expand its market reach.