Blockchain Funding Soars 242%: Hut 8 Mining and Conduit Lead $278.50M Investment Surge
This week saw a total of $278.50M raised in 16 rounds, marking a 242.35% increase in funds raised compared to the previous week, with the number of rounds remaining unchanged.
Biggest Rounds
Hut 8 Mining, Blockchain Service with $150.00M raised from Coatue Management. Hut 8 is a leading digital asset miner in North America, with geo-diverse data centers powered by renewable resources. They support both traditional and blockchain computing sectors.
Conduit, Blockchain Infrastructure with $37.00M raised from Uma Roy, Coinbase Ventures, Haun Ventures, Tim Beiko, Hasu, Mustafa Al-Bassam, Robot Ventures, Bankless, Nick White, Sreeram Kannan, cygaar, Henri Stern, Paradigm, Calvin, Tarun Chitra, Hayden Adams, Zaki Manian, liam.eth, Credibly Neutral. Conduit supports crypto builders by enabling teams to launch production-grade rollups on the OP Stack quickly.
ORA, Blockchain Infrastructure with $20.00M raised from HashKey Capital, Polychain Capital, SevenX Ventures, HF0. ORA's verifiable oracle protocol integrates AI and complex computations into blockchain environments, enhancing smart contracts with richer data sources.
MegaETH, Chain with $20.00M raised from Vitalik Buterin, Mert Mumtaz, Cobie, Figment Capital, Big Brain Holdings, Santiago R. Santos, tangent, DragonFly Capital, Folius Ventures, Hasu, Robot Ventures, Sreeram Kannan, Kartik Talwar, Joseph Lubin, Credibly Neutral. MegaETH is an EVM-compatible blockchain pushing Ethereum L2s performance to hardware limits.
Crossover Markets Group, CeFi with $12.00M raised from Wintermute, Gate.io, Flow Traders, Laser Digital, GMO Internet, Two Sigma Ventures, Exness, Pepperstone, ThinkMarkets, Illuminate Financial, DRW Venture Capital. Crossover Markets addresses liquidity needs for institutions in the spot and derivative crypto markets with its CROSSx ECN.
Most Interesting Categories
Blockchain Service, with $165.20M raised in 4 rounds. This is a significant increase from $27.00M raised in 2 rounds last week.
Blockchain Infrastructure, with $77.90M raised in 6 rounds. This category saw growth from $24.10M raised in 4 rounds last week.
Chain, with $20.00M raised in 1 round. This is a slight increase from $14.65M raised in 4 rounds last week.
Most Active Investors
Robot Ventures, participated in 3 rounds, focusing on Blockchain Infrastructure, Chain, and Blockchain Service.
Sreeram Kannan, participated in 2 rounds, focusing on Blockchain Infrastructure and Chain.
Hasu, participated in 2 rounds, focusing on Blockchain Infrastructure and Chain.
