US Bitcoin Mining Firm Raises Funds With Chinese Rivals Stuck

A US maker of Bitcoin mining computers said it has closed a $153 million funding round as its Chinese competitors face increasing scrutiny and tariffs imposed by the Trump administration.

The California-based company, Auradine, is raising the money from several investors, including Samsung Catalyst Fund, Qualcomm Ventures and MARA Holdings, which is the largest US-listed Bitcoin mining company by market capitalization.

Chinese companies have dominated the multi-billion dollar market for the chips and hardware needed to mine new Bitcoin. The giant of the industry, Beijing-based Bitmain Technologies Ltd., had taken 90% of the market. Recently, though, shipments from Chinese ...