Eightco Raises $125M From Bitmine and Ark Invest

Eightco raised $125 million in new funding, with crypto treasury firm Bitmine leading a $75 million tranche and Ark Invest and Payward — the parent company of crypto exchange Kraken — each contributing $25 million. Bitmine chairman Tom Lee will join Eightco’s board, and Ark Invest’s chief futurist Brett Winton has signed on as a board advisor.

Eightco chairman Dan Ives stepped down after being appointed in September. The company said the capital will support expansion into technologies shaping the next generation of artificial intelligence, blockchain infrastructure and global digital consumer platforms.

Eightco also closed an initial $50 million strategic investment in OpenAI and a $25 million investment in Beast Industries and its owner James Donaldson, better known as YouTuber MrBeast. Shares in Eightco Holdings (ORBS) jumped about 12% on the announcement, ending the day up 11.67% at $0.90 before slipping 2.6% after hours to $0.88.

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