Crypto VC Funding Explodes: BitMine Lands $250M Mega-Round, TWL Miner Nabs $95M

Money's flooding back into crypto—and the sharks are circling first.

BitMine's monster haul

The mining infrastructure play just secured a quarter-billion dollar war chest. That's Series C money in a market where most VCs were recently hiding under their desks.

TWL's strategic play

Not to be outdone, the ASIC specialists banked $95M to scale operations. Funny how bear markets separate the miners from the speculators.

Wall Street's still 'evaluating blockchain opportunities' while actual builders stack nine-figure rounds. Maybe they'll catch up by the next cycle—right after their third 'crypto for executives' seminar.

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

We’re proud to become the first unicorn in Web3 ecosystem in Telegram, reaching a $1B valuation in the latest equity funding round.

This milestone was made possible thanks to trust of @RibbitCapital and @PanteraCapital.

“This investment supports our long-term strategy to scale… pic.twitter.com/VCUC1TcXTS

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

• 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