United Kingdom, 18th Apr 2025, – XY Miners, a global provider of blockchain and high-performance computing infrastructure, has announced the completion of a $300 million financing round. The funding was led by Sequoia Capital, with additional participation from Coatue, Kleiner Perkins, OpenAI Startup Fund, GV, Conviction, Elad Gil, and REV, the venture capital arm of RELX Group.

The capital raised is expected to support the company’s ongoing initiatives, including the development of computing solutions, enhancement of service capabilities, and the implementation of energy-efficient operations across its data centers.

About XY Miners

Headquartered in the United Kingdom, XY Miners delivers integrated blockchain and high-performance computing services. Its operations encompass equipment procurement, logistics, data center design and construction, equipment management, and ongoing operations. The company also offers cloud-based computing solutions for clients with intensive artificial intelligence workloads. XY Miners maintains a global presence with data centers in Kazakhstan, Norway, Russia, and the United States.