According to Deep Tide TechFlow news on June 20, as reported by Theminermag, MARA CEO Fred Thiel stated that about half of the company’s mining rig orders this year come from the American Bitcoin chip design and manufacturing company Auradine, in the context of impending trade tariff increases.
According to MARA’s first quarter financial report, the company prepaid $22.3 million to Auradine for future purchases, accounting for about 23% of the total prepayment, indicating that MARA has increased its orders for Auradine Teraflux Mining Rigs in the second quarter. MARA is an early investor in Auradine, and as of March 31, MARA’s investment in Auradine has a book value of $85.4 million.
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