Marathon Digital Holdings has announced the co-founding of Auradine, the first U.S.-based company manufacturing Bitcoin mining ASIC devices. This development could significantly impact the Bitcoin mining market.
Foundation of Auradine
Marathon Digital Holdings has co-founded Auradine, marking the creation of the first U.S.-based company specializing in the manufacturing of Bitcoin mining ASIC devices. Auradine, backed with $50 million in investments, aims to produce devices that can compete with international counterparts.
Market Impact
Marathon currently operates 13 mining centers across four continents, largely relying on foreign equipment. The creation of Auradine will reduce dependence on imports and strengthen the U.S. position in the global Bitcoin mining market. The company plans to create more than 200 new jobs.
Forecasts and Plans
Forecasts indicate that Auradine will be capable of producing up to 20,000 ASIC devices per month, increasing Marathon's total hashrate by 30%. The first devices are expected to be available to customers in the first quarter of 2025.
The partnership between Auradine and Marathon Digital Holdings opens new opportunities for the U.S. Bitcoin mining market. By reducing reliance on foreign suppliers, the company is enhancing its position in the global industry.
Comments