Bitmine Leads $75M Funding Round for Eightco, Chairman Tom Lee Joins Board
Bitmine Immersion Technologies led a $125 million funding round for Eightco Holdings with a $75 million commitment to support its expansion into AI and blockchain investments. Bitmine Chairman Tom Lee will join Eightco’s board to guide its long-term investment strategy in OpenAI and other private technology ventures.
1. Bitmine Invests $75M in Eightco Funding Round
Bitmine Immersion Technologies spearheaded a $125 million funding round for Eightco Holdings, allocating $75 million to fuel the company’s investments in artificial intelligence, blockchain infrastructure and digital consumer platforms.
2. Tom Lee Appointed to Eightco Board
Tom Lee, Chairman of Bitmine, accepted a seat on Eightco’s board of directors to support the firm’s long-term investment strategy in leading private technology companies including OpenAI and Beast Industries.
3. Capital to Enable Additional AI Investments
The capital infusion led by Bitmine will back Eightco’s additional $40 million investment in OpenAI—bringing its total commitment to $90 million—and bolster its position as a major public-market participant in the Worldcoin ecosystem.