Mark Twain’s Take on Crypto’s Wild West: BitMine and TWL Miner Strike Gold 🏴‍☠️💰

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Well, if it ain’t the strangest thing I ever did see, crypto venture funding has decided to perk up a bit, like a dog waking from a long nap. In the span of just a week, from June 29 to July 5, a cool $466.6 million was scooped up across 15 deals. And you know what’s driving this little gold rush? Why, it’s the good old Bitcoin infrastructure, of course. 🤠

Most of the loot found its way into mining and ecosystem development, with BitMine leading the charge. They managed to wrangle a whopping $250 million in a private placement, backed by the likes of Mozaryk, Founders Fund, and Pantera. I reckon they must have a pretty convincing pitch, or maybe they just brought cookies to the meeting. 🍪

But wait, there’s more! TWL Miner, a cloud mining platform from the UK, bagged themselves a tidy $95 million in a Series B round. They’re not just mining Bitcoin; they’re also dabbling in artificial intelligence infrastructure. I guess they’re trying to build a robot that can mine Bitcoin for them. 🤖

Then there’s The Open Platform, which raised $28.5 million at a $1 billion valuation. They’re playing in the blockchain, infrastructure, and Ton Ecosystem sectors. I suppose they’re aiming to be the next big thing in Web3, or at least the next big unicorn. 🦄

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

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…

— The Open Platform (@topdotco) July 3, 2025

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

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2025-07-06 00:18