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MARA spent $73.3 million on Auradine mining rigs in the first half of the year

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2025-07-30 11:53:52
MARA's second-quarter earnings report shows that the company paid $73.3 million to American chip startup Auradine for the Teraflux bitcoin mining machine in the first half of 2025, with Quarter 1 paying $22.3 million and the second quarter paying $51 million. As of June 30, all orders have been delivered as scheduled.
MARA's partnership with Auradine is not limited to equipment purchases. In February, MARA invested $20 million in Auradine preference shares and converted $1.2 million in convertible notes into equity, bringing its total investment in Auradine to $85.4 million and securing a board seat.
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