Sustainable Bitcoin Mining  

Total funding doubled week over week, rising to $373m compared to $180m raised last week. Most of the funds raised came from one Mining deal, Volcano Energy. The El Salvador-based sustainable Bitcoin mining company secured $1B in commitments and has received its first $250M in funding, with participation from USDT issuer Tether. The government of El Salvador will have a significant role in planning and execution of the project and will receive 23% of the revenues. The deal was the first mining deal announced in three weeks, and the 2^nd largest mining deal this year after Core Scientific’s $500m debt financing in January. Infrastructure had the most deals this week, with nearly half of the total deals announced being infrastructure related deals.

Funding by Category

Funding by Deal Stage

Deal of the Week

Meanwhile, a Bermuda-based digital asset-denominated life insurance provider has announced $19 million in fundraising across two seed-stage rounds. The first round was led by Sam Altman, the CEO of OpenAI and founder of Worldcoin, and Lachy Groom, the former head of Stripe Issuing. The second round was led by Gradient Ventures, one of Google’s venture arms. With the funding, Meanwhile is poised to obtain licensing and regulatory approval fro...