Auradine

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Location United States
Website auradine.com
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Business Description

Auradine, a Santa Clara, California-based ASIC designer and bitcoin mining hardware manufacturer founded in 2022, shipped its first commercial miners in Q2 2024 and has since expanded into AI networking and AI accelerator silicon, culminating in a March 2026 brand transition to Velaura AI.

Auradine's flagship product line is the Teraflux™ platform: SHA-256 ASIC miners built on 3-nanometer process nodes. The air-cooled AT2880 operates at up to 270 TH/s at 16 J/TH in standard mode; the immersion-cooled AI3680 reaches up to 375 TH/s at an optimal 15 J/TH. Both units entered volume production in Q3 2024. Auradine also offers hydro-cooled configurations and 1 MW modular container solutions co-developed with Fog Hashing and FBox, housing 100, 200 miners per unit. Bundled fleet-management software provides real-time power tuning without reboots, automated grid-curtailment scheduling, pool-whitelist enforcement, and single-command firmware rollouts across multi-site deployments via cloud APIs.

The founding team is led by CEO Rajiv Khemani, previously co-founder and CEO of Innovium (acquired by Marvell in 2021), and COO Barun Kar, former SVP of engineering at Palo Alto Networks. The broader team draws from Qualcomm, NVIDIA, Intel, Apple, Google, Cisco, and Juniper.

Customer traction is anchored by MARA Holdings, which received $73.3 million worth of Teraflux miners in the first half of 2025 (approximately half of MARA's full-year 2025 hardware orders) and holds $50.7 million in Auradine preferred stock. MARA CEO Fred Thiel serves on Auradine's board. Genesis Digital Assets, FutureBit, Deep South, and Merkle Standard are additional named customers; Merkle Standard was the first operator to deploy the modular container format.

Auradine has raised more than $300 million in total equity since inception. An $81 million Series A closed in May 2023, led by Celesta Capital and Mayfield. An $80 million Series B followed in April 2024. A $153 million Series C closed in April 2025, led by StepStone Group, with participation from Qualcomm Ventures, Samsung Catalyst Fund, Maverick Silicon, Premji Invest, and MARA Holdings. In December 2024, Auradine separately unveiled AuraLinks™, a networking business unit targeting 3, 5× performance gains for GenAI data center fabrics, staffed by engineers from Cisco, Juniper, Broadcom, Google, and Microsoft.

The March 2026 pivot to Velaura AI is anchored by the Titan Core silicon platform, which targets 2, 4× reductions in matrix-multiplication power draw at 3 nm and 2 nm nodes and is under active co-development with undisclosed hyperscaler partners. Remaining Teraflux inventory is being sold through or deployed in proprietary hosted bitcoin mining operations as Auradine transitions its primary R&D focus to AI accelerator IP.

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