IREN’s $550m convertible offering, Hypernative’s $40m raise

Crypto financing increased to nearly $ 709 million during the week of June 8 to 14, 2025, with a massive private placement of $ 550 million per Iren leading the charge.

The activity of venture capital has remained robust in the sector, in particular in infrastructure, with funding towers from pre-series to series B.

Startups as hypernative, Yupp, Key Main and Onebalance have also attracted substantial investments, reflecting sustained confidence in investors in cryptographic infrastructure and innovation of the application layer despite the wider market volatility.

Here is what we have followed, using data from Cryptocurrency::

Iren (ex Iris Energy)

• Collected $ 550 million thanks to a private placement of tickets for the convertible elderly
• Iren has raised $ 863 million so far

Hypernative

• Obtained $ 40 million in a B series
• The investment was supported by Teneleven, Ballistic Ventures and Steptone
• Hypernative has raised $ 65 million so far