Crypto VC Funding Soars: BitMine Raises $250M, TWL Miner Adds $95M
Crypto VC Funding Heats Up: BitMine Raises $250M, TWL Miner Lands $95M
Crypto venture capital saw renewed momentum this week, with $466.6 million raised across 15 deals from June 29 to July 5, 2025. The bulk of this funding went to Bitcoin mining and infrastructure projects, highlighting investor confidence in long-term scalability plays amid broader market uncertainty.
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???? BitMine Secures $250M in Private Placement
BitMine dominated this week’s fundraising headlines by closing a $250 million private placement. The round was led by Mozaryk, Founders Fund, and Pantera Capital, marking one of the largest crypto infrastructure raises in 2025.
BitMine focuses on Bitcoin mining innovation, including immersion cooling technology and energy-efficient mining hardware.
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???? TWL Miner Raises $95M to Scale AI-Powered Cloud Mining
TWL Miner, a UK-based cloud mining and AI infrastructure firm, raised $95 million in a Series B round. The funding will accelerate its expansion across Europe and North America, with a focus on Bitcoin-native scalability.
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???? Web3 Gaming & DePIN: Other Notable Raises
Distinct Possibility Studios raised $30.5 million to develop an AAA game on Tezos, backed by BitKraft, Brevan Howard, and Tezos Foundation.
The Open Platform (TOP) secured $28.5 million at a $1 billion valuation, with backing from Pantera and Ribbit Capital. The project supports the Ton Ecosystem and infrastructure tooling.
The Blockchain Group landed $13 million to focus on AI and Bitcoin banking solutions, with support from Adam Back and Cobalt.
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???? Smaller Rounds Under $10M
Projects that raised under $10 million include:
Project Amount Round Type Notable Info
Backseat $9.7M Seed Japanese crypto exchange operator
Pipe Network (Permissionless Labs) $7.5M Public Sale $250M FDV
Zypher Network $7M Unknown Layer 1 network
Datagram $4M Pre-seed Web3 messaging infrastructure
Limitless $4M Strategic Gaming/DePIN
Coinstash $3.1M Series A Australian exchange
inshAllah $2.1M Pre-seed Muslim-friendly DeFi
Crystalfall $2M Unknown Web3 RPG
AllScale $1.5M Unknown DePIN/infra
XO Market $500K Pre-seed NFT marketplace
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???? Key Takeaway
This week’s surge in crypto VC funding, especially into Bitcoin infrastructure and cloud mining, signals a shift back toward foundational projects. With BitMine and TWL Miner absorbing 74% of all capital raised, traditional venture players are doubling down on hard tech over hype cycles.
As broader crypto narratives evolve, DePIN, gaming, and AI-infused platforms continue to receive selective capital. Still, Bitcoin-native infrastructure remains a dominant theme for institutional VCs.