According to Fortune, software-driven mining startup Mariana Minerals has completed a $310 million Series B round led by Khosla Ventures, with participation from Andreessen Horowitz (a16z), Breakthrough Energy Ventures, Greenoaks, BHP Ventures, and Mitsubishi Corporation. Mariana Minerals has raised a total of $400 million and is valued at $1.5 billion. Founded in 2024 by Turner Caldwell and headquartered in San Francisco, Mariana Minerals operates Copper One in Utah and Lithium One in Texas.
Mariana Minerals Completes $310M Series B Funding, Valued at $1.5B
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Summary
Mariana Minerals has closed a $310 million Series B funding round, marking significant project financing news in the crypto sector. Khosla Ventures led the round, with participation from a16z, Breakthrough Energy Ventures, Greenoaks, BHP Ventures, and Mitsubishi Corporation. The company has now raised a total of $400 million and is valued at $1.5 billion. Founded in 2024 by Turner Caldwell, Mariana Minerals operates Copper One in Utah and Lithium One in Texas from its headquarters in San Francisco.
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