Patrick

Bitcoin

Gold

Auradine, the startup founded by tech experts Rajiv Khemani, Barun Kar, and Patrick Xu, has achieved an impressive feat by securing $81 million in debut <a href="https://ultramining.com/news/en/liquidstack-secures-funding-to-boost-eco-friendly-bitcoin-mining-in-the-u-s/" rel="noopener noreferrer nofollow">funding</a>. Interestingly, the company pulled this off solely through a pitch deck without having any product or customers. The <a href="https://ultramining.com/news/en/liquidstack-secures-funding-to-boost-eco-friendly-bitcoin-mining-in-the-u-s/" rel="noopener noreferrer nofollow">funding</a> includes $71 million in equity and a $10 million loan, according to <a href="https://www.claytoncountyregister.com/news2/auradine-how-a-crypto-startup-secured-81-million-with-a-visionary-pitch/100657/" rel="noopener noreferrer nofollow">claytoncountyregister</a>. 
Under the leadership of CEO Rajiv Khemani, a former Intel employee, Auradine is on a mission to develop specialized <a href="https://ultramining.com/news/en/jack-dorsey-dives-deeper-into-crypto-ventures-into-bitcoin-mining-hardware/" rel="noopener noreferrer nofollow">hardware</a>. Its primary focus is on <a href="https://ultramining.com/news/en/terawulf-reveals-impact-of-location-on-energy-costs-for-bitcoin-mining/" rel="noopener noreferrer nofollow">Bitcoin mining</a>, advanced cryptography, and AI. The company's ambitious vision was strengthened when it recently unveiled the Teraflux, a <a href="https://ultramining.com/news/en/terawulf-reveals-impact-of-location-on-energy-costs-for-bitcoin-mining/" rel="noopener noreferrer nofollow">Bitcoin mining</a> system. Utilizing a cutting-edge four-nanometer silicon transistor, Teraflux aims to enhance mining efficiency. 
The company claims Teraflux provides best-in-class performance and efficiency. Beyond <a href="https://ultramining.com/news/en/terawulf-reveals-impact-of-location-on-energy-costs-for-bitcoin-mining/" rel="noopener noreferrer nofollow">Bitcoin mining</a>, Auradine has wider goals to reimagine blockchain, AI, and privacy, though details remain under wraps. 
The significant <a href="https://ultramining.com/news/en/liquidstack-secures-funding-to-boost-eco-friendly-bitcoin-mining-in-the-u-s/" rel="noopener noreferrer nofollow">funding</a> aligns with the substantial capital needs of <a href="https://ultramining.com/news/en/jack-dorsey-dives-deeper-into-crypto-ventures-into-bitcoin-mining-hardware/" rel="noopener noreferrer nofollow">hardware</a> startups. Moreover, Auradine is already creating a buzz for a follow-on <a href="https://ultramining.com/news/en/liquidstack-secures-funding-to-boost-eco-friendly-bitcoin-mining-in-the-u-s/" rel="noopener noreferrer nofollow">funding</a> round. With its innovative approach and promising technology, Auradine stands out as a company to watch in the tech world. 
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Auradine Strikes Gold with $81 Million Funding for Innovative Bitcoin Mining System

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