Mining Companies May Be Catching a Bid

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.