BitMine's Tom Lee Joins Eightco Board as ORBS Stock Jumps on $125 Million Fundraise
Eightco (ORBS), a publicly traded blockchain and AI company, saw its shares rise over 15% after raising $125 million to expand in AI and blockchain. Funding commitments include $75 million from BitMine Immersion Technologies, and $25 million each from Ark Invest and Payward (Kraken’s parent). As part of the deal, BitMine’s Tom Lee joins Eightco’s board, while Ark’s Brett Winton becomes an advisor; Eightco Chairman Dan Ives will step down. Eightco also closed a $50 million investment in OpenAI and $25 million in MrBeast’s Beast Industries, which BitMine had previously backed with $200 million. Eightco retains significant holdings in Worldcoin (WRLD) and Ethereum, supporting the ERC-20 token standard. Ark Invest holds around $169 million in BitMine and, with its $25 million in ORBS, would place ORBS among its top 70 holdings. Despite the recent surge, ORBS trades at about $0.94—down roughly 12% in the last five days and 46% year-to-date.
