TL;DR
- Auradine raised $153 million in a Series C round, surpassing its initial $125 million target due to strong investor demand.
- The company will expand its Bitcoin mining business and develop infrastructure for AI data centers through its new unit, AuraLinks AI.
- It currently generates over $150 million annually and expects to launch new products in 2025, while projecting operational profitability in the coming quarters.
Auradine, a U.S.-based manufacturer of Bitcoin mining equipment, closed a $153 million Series C funding round.
The investment will allow the company to strengthen its core business and advance the development of infrastructure focused on artificial intelligence. The operation combined $138 million in equity and $15 million in venture debt. The company exceeded its initial $125 million goal after receiving demand 22% higher than expected.
We’ve raised $153M in Series C funding, bringing our total to over $300M! https://t.co/a9vGhm0PsM
— Auradine (@Auradine_Inc) April 16, 2025
Funding came primarily from StepStone Group and included participation from firms such as Maverick Silicon, Premji Invest, Samsung Catalyst Fund, Qualcomm Ventures, Mayfield, MARA Holdings, and GSBackers. The round brings Auradine’s total funding to over $300 million since its founding in 2022.
Auradine Announces the Launch of AuraLinks AI
Auradine specializes in the design and manufacturing of mining equipment under the Teraflux brand. It produces devices developed in the United States and directly competes with Chinese manufacturers. Its machines currently power operations at more than 40 data centers, including those of Marathon Digital. The company generates annual revenue exceeding $150 million and maintains a growing order backlog.
In addition to its mining operations, Auradine officially announced the launch of AuraLinks AI, a unit focused on networking solutions for AI-dedicated data centers. This new venture aims to develop open solutions that optimize data movement between servers. The company expects to introduce its first products during 2025.
In 2023, the company launched Aurascape AI, a cybersecurity startup powered by artificial intelligence that now operates independently. While expanding into new technologies, the company continues to focus on Bitcoin mining. It highlights the synergy between both areas in terms of hardware, thermal solutions, and energy infrastructure.
Auradine has over 100 employees and plans to expand its team, particularly in technical areas. It also expects to reach operational profitability within the next few quarters.
