Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Crypto VC funding: BitMine secures $250m, TWL Miner bags $95m

Crypto VC funding: BitMine secures $250m, TWL Miner bags $95m

2025/07/04 16:00
By:
BTC+0.03%B-3.12%XTZ-2.32%

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 detailed overview of this week’s crypto funding developments as per the data from Crypto Fundraising :

BitMine

  • BitMine raised $250 million through private placement.
  • The project is operating in Bitcoin ( BTC ) mining sector.
  • The investment was backed by Mozaryk, Founders Fund, and Pantera.

TWL Miner

  • TWL Miner, a UK-based cloud mining platform, secured $95 million in a Series B round.
  • Bitcoin mining and artificial intelligence infrastructure company.

Distinct Possibility Studios

  • Distinct Possibility Studios raised $30.5 million in an unknown round.
  • The project is building an AAA-quality game on Tezos ( XTZ ) blockchain.
  • Investors include BitKraft, Brevan Howard, and Tezos Foundation.

The Open Platform (TOP)

  • The Open Platform gathered $28.5 million in a Series A round, with a fully diluted valuation of $1 billion.
  • The project is operating in blockchain, infrastructure, and Ton Ecosystem sectors
  • The investment was backed by Ribbit Capital and Pantera

The Blockchain Group

  • The Blockchain Group raised $13 million in an unknown round
  • The project focuses on AI, Bitcoin Ecosystem, and Finance/Banking
  • The investment was backed by Cobalt and Adam Back

Projects <$10 million

  • Backseat, $9.7 million in a seed round
  • Pipe Network (Permissionless Labs), $7.5 million in a public sale with $250 million fully diluted valuation
  • Zypher Network, $7 million in an unknown round
  • Datagram, $4 million in a pre-seed round
  • Limitless, $4 million in a strategic round
  • Coinstash, $3.1 million in a Series A round
  • inshAllah, $2.1 million in a pre-seed round
  • Crystalfall, $2 million in an unknown round.
  • AllScale, $1.5 million in an unknown round
  • XO Market, $500,000 in a pre-seed round
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — HOLO/USDT!
Bitget Announcement2025/09/12 07:46
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA2025/09/12 06:14
OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA2025/09/12 06:14
New spot margin trading pair — LINEA/USDT!
Bitget Announcement2025/09/11 10:04

Trending news

More
1
New spot margin trading pair — HOLO/USDT!
2
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

Crypto prices

More
Bitcoin
Bitcoin
BTC
$116,091.63
+0.12%
Ethereum
Ethereum
ETH
$4,665.57
-1.01%
XRP
XRP
XRP
$3.09
-2.23%
Tether USDt
Tether USDt
USDT
$1
-0.01%
Solana
Solana
SOL
$247.53
+2.42%
BNB
BNB
BNB
$937.15
-0.19%
USDC
USDC
USDC
$0.9998
-0.00%
Dogecoin
Dogecoin
DOGE
$0.2891
-1.24%
TRON
TRON
TRX
$0.3506
-0.61%
Cardano
Cardano
ADA
$0.9143
-2.63%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter