According to PANews, Bitcoin mining company MARA has disclosed in its latest quarterly report that it acquired Teraflux Bitcoin mining machines worth $73.3 million from Silicon Valley chip startup Auradine during the first half of 2025. This amount was prepaid, with $22.3 million paid in the first quarter and $51 million in the second quarter, representing a significant portion of MARA's $108 million supplier prepayment cash outflow for the year. As of June 30, MARA still has an outstanding purchase commitment of $51.4 million with Auradine, with plans for phased delivery throughout the remainder of 2025.
Earlier in February, MARA invested $20 million in preferred stock in Auradine and converted $1.2 million from a previous SAFE investment into equity. Currently, MARA's total holdings in Auradine amount to $85.4 million, and the company holds a seat on Auradine's board of directors.