Mining Companies May Be Catching a Bid

Feb 3, 2023 • 4 Min Read

After an impressive $749 million was raised last week, funding totals came back down to earth to $228 million. Zero-carbon Bitcoin mining company TeraWulf completed a $32 million public equity sale, representing the largest deal of the week. Additionally, mining company Pow.re completed both a Series A and Strategic fundraising round this week, valuing the company at $150 million. The uptick in mining deals over the last two weeks may be indicating an increased appetite for mining exposure following decreased demand over the past year.

Although the total funding amount decreased week over ...

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