Bitcoin Miner Marathon Digital-Linked Startup Auradine Raises $81M

Auradine, a Silicon Valley-based provider of web infrastructure solutions, has emerged from stealth and announced an $81M Series A funding round. The fundraising amount is notable during an extended bear market that has seen a slowdown of investments. Founded in 2022, Auradine is developing a broad range of infrastructure across hardware and software, including energy-efficient silicon, zero-knowledge proofs (a blockchain-based privacy tool), and artificial intelligence (AI) solutions for decentralized applications. Marathon revealed in its third-quarter financial report that it owned $35.5 million of Auradine preferred stock as of September.

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