Eightco Raises $125M from Bitmine, ARK and Payward as Board Shakeup Follows; Shares Jump 22%

Eightco Holdings (NASDAQ: ORBS) said it secured $125 million in institutional commitments led by Bitmine (NYSE: BMNR), Cathie Wood’s ARK Invest and Payward, the parent company of Kraken, to support expansion into next‑generation technology ^{[1] [2] [3]}.

Reports identify Bitmine as the lead investor, with ARK Invest and Payward each committing $25 million; as part of the transaction Tom Lee of Bitmine is slated to join ORBS’ board and chairman Dan Ives is departing his role ^{[4] [3] [5]}.

ORBS had recently disclosed prior strategic investments — including a reported $52.5 million position in OpenAI and $25 million in Beast Industries — and its shares rallied roughly 22% after the $125 million capital injection was announced ^{[4] [6] [3]}.

ARK Invest will participate as a strategic adviser and provide private market intelligence, and ORBS says the commitments will support its long‑term investment strategy in technology opportunities ^{[3] [1]}.