Eightco (ORBS) announced an additional $40 million investment in OpenAI on March 20, 2026. This move increases Eightco's total commitment to the artificial intelligence firm to $90 million.
Bitmine Immersion Technologies (BMNR) holds a strategic stake in Eightco. BMNR previously led a $125 million funding round for Eightco with a $75 million commitment.
Bitmine Chairman Tom Lee has joined the Eightco Board of Directors. This appointment grants Bitmine direct influence over its significant investment.
BMNR shares traded lower following the announcement. Analysts attributed the decline to broader market weakness rather than the strategic update.