TechFlow, June 20 — According to Theminermag, Marathon Digital Holdings (MARA) CEO Fred Thiel stated that against the backdrop of impending tariff increases, approximately half of the company's mining rig orders this year are from Auradine, a U.S.-based Bitcoin chip designer and manufacturer.
According to MARA's Q1 financial report, the company made a $22.3 million prepayment to Auradine for future purchases, accounting for about 23% of total prepayments, indicating MARA increased its orders for Auradine's Teraflux mining rigs in Q2. MARA is an early investor in Auradine; as of March 31, MARA's investment in Auradine had a carrying value of $85.4 million.
Add to Favorites
Share to Social Media
