Eightco Lands $125M in Funding from Bitmine and ARK
Eightco secured $125 million in funding led by Bitmine and Ark Invest to expand its focus on AI and blockchain.Summary
Eightco Holdings (ORBS) raised $125 million in a funding round, with crypto treasury firm Bitmine leading with $75 million, and Ark Invest and Payward (Kraken's parent company) each contributing $25 million. This capital will support the company's expansion into investing in artificial intelligence, blockchain infrastructure, and digital consumer platforms. As part of the deal, Bitmine chairman Tom Lee will join Eightco’s board, and Ark Invest's chief futurist Brett Winton will serve as a board advisor. Eightco also announced strategic investments of $50 million into OpenAI and $25 million into Beast Industries, owned by YouTuber MrBeast. Following the announcement, Eightco's shares jumped significantly, though they remain down over 90% in the past six months amid a broader crypto market downturn. Chairman Dan Ives stepped down from his role.
(Source：Cointelegraph)