Auradine Delivers $73M Worth of MARA Bitcoin Miners in H1 2025
According to the company's latest quarterly report, MARA acquired Teraflux Bitcoin miners from Silicon Valley startup Auradine in the first half of 2025 for $73.3 million.
This article from Theminermag, a specialist publication for the cryptocurrency mining sector, covers the latest developments and research from institutional Bitcoin mining companies.
The amount was paid in advance – US$22.3 million in the first quarter and US$51 million in the second quarter, representing a significant portion of MARA's US$108 million cash outflow for advance payments to suppliers in the first half of the year.
“For the six months ended June 30, 2025, the Company paid Auradine $73.3 million in advances for the purchase of goods, all of which were fully paid by the end of the reporting period, leaving no outstanding balance,” MARA said in its second-quarter earnings report.
As of June 30, the major player in the Bitcoin mining market still had outstanding purchase commitments from Auradine worth US$51.4 million, with deliveries scheduled on a recurring payment schedule through the end of 2025.
These deliveries highlight MARA’s deepening financial and strategic relationship with Auradine. In addition to the hardware deliveries, in February MARA invested $20 million in Auradine preferred stock and converted $1.2 million of its previously invested SAFE funds into equity. MARA’s total stake in Auradine now stands at $85.4 million, and MARA holds a seat on the startup’s board of directors.
During the 2020 halving, MARA’s own mining fleet consisted almost exclusively of Bitmain Antminers. The move to Auradine marks a strategic shift toward purchasing mining equipment made in the US. At the same time, Bitmain is also increasing its domestic manufacturing capabilities in the US, aided by imports of electronic components amid looming uncertainty over trade tariffs.
The original article can be viewed here.
Source: cryptonews.net
