Bitcoin Mining Acquisition
Riot Platforms acquired Block Mining, a Kentucky-based Bitcoin miner, in a $92.5 million deal. This move is expected to increase Riot’s operational capacity significantly, with plans to expand further by 2024. The acquisition involved a combination of cash and common stock.
Web3 Gaming Funding
NPC Labs, a web3 gaming infrastructure startup, raised $18 million in a seed funding round. Pantera Capital led the investment, supporting NPC Labs’ mission to enhance on-chain gaming through its gaming scaling ecosystem, B3.fun.
Ethereum Infrastructure Investment
Caldera, a web3 infrastructure platform, secured $15 million in a series A funding round. This funding will aid developers in launching Ethereum rollups or scaling networks effortlessly. With a focus on simplicity and efficiency, Caldera aims to streamline the Ethereum ecosystem for projects like Injective and RARI Chain.
Layer-2 Scaling Innovations
Igloo Inc., the parent company of NFT project Pudgy Penguins, raised $11 million to develop Abstract, a layer-2 scaling network on Ethereum. By establishing a new entity, Cube Labs, Igloo plans to leverage its expertise in NFTs and scaling solutions to further enhance the Ethereum network.
