MARA acquired $73.3 million value of Teraflux Bitcoin miners from Silicon Valley chip startup Auradine in the course of the first half of 2025, based on the corporate’s newest quarterly submitting.
This text is from Theminermag, a commerce publication for the cryptocurrency mining trade, specializing in the newest information and analysis on institutional bitcoin mining firms.
The quantity was paid upfront—$22.3 million in Q1 and $51 million in Q2—representing a good portion of MARA’s $108 million in money outflows for vendor advances within the first half of the yr.
“In the course of the six months ended June 30, 2025, the Firm superior $73.3 million to Auradine for product purchases, all of which had been fulfilled by the tip of the interval, with no excellent stability remaining,” MARA acknowledged in its Q2 earnings submitting.
As of June 30, the Bitcoin mining big nonetheless had $51.4 million in excellent buy commitments with Auradine, scheduled for supply in periodic installments by way of the rest of 2025.
The deliveries underscore MARA’s deepening monetary and strategic ties with Auradine. Along with {hardware} purchases, MARA invested $20 million in Auradine’s most well-liked shares in February and transformed $1.2 million of a previous SAFE funding into fairness. Its complete holdings in Auradine now stand at $85.4 million, and MARA holds a seat on the startup’s board of administrators.
In the course of the 2020 halving cycle, MARA’s proprietary mining fleet was virtually solely composed of Bitmain’s Antminers. The pivot to Auradine marks a strategic shift towards procuring U.S.-made mining gear. In the meantime, Bitmain has additionally been ramping up home manufacturing capability within the U.S., bolstered by digital half imports amid looming commerce tariff uncertainties.
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