BitMine raises $250m, TWL Miner bags $85m
Crypto venture funding rebounded modestly this week, with $466.6 million raised across 15 deals between June 29 and July 5—primarily driven by outsized bets on Bitcoin infrastructure.
The majority of capital flowed into mining and ecosystem development, led by BitMine’s massive $250 million private placement backed by Mozaryk, Founders Fund, and Pantera.
Other notable rounds include TWL Miner’s $95 million Series B and The Open Platform’s $28.5 million raise at a $1 billion valuation. While smaller deals spanned gaming, AI, and DePIN projects, investor appetite remains focused on Bitcoin-native scalability, mining, and infrastructure plays, even as other sectors attract strategic capital.
Here’s a…
