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 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

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 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