Auradine, a web infrastructure startup that also manufactures Bitcoin miners, has raised $80 million in a Series B funding round.

Several investors, including StepStone Group, Top Tier Capital Partners, MVP Ventures, Maverick Capital, Celesta Capital, Mayfield Fund and Marathon Digital, joined the "oversubscribed" round, Auradine said Wednesday.

Auradine was initially looking to raise $70 million but ended up raising more due to greater investor interest, co-founder and CEO Rajiv Khemani told The Block. Auradine began raising Series B earlier this year and closed it last week, he said.

Like its $81 million Series A round last year, Auradine's Series B round is also a mix of equity and debt. It consists of $60 million in equity and $20 million in debt, Khemani said.

The Series A round …