Eightco Holdings Inc (OCTO) News & EventsOCTOEightco Holdings Inc

Bitmine Immersion Invests $20 Million in Eightco Holdings

BitMine (BMNR) is announcing it has made a $20M strategic investment into Eightco (OCTO) as part of OCTO's $270 million PIPE. OCTO announced it is adopting a strategy to acquire the Worldcoin token as its primary treasury asset. Worldcoin, an ERC-20 token. "BitMine wants to support and back innovative projects that create value for the Ethereum ecosystem. As an ERC-20 native token, World is aligned with Ethereum. World's unique zero-knowledge Proof of Human credential could be essential to future trust and safety between technology platforms and the billions of human users," said Thomas Lee of Fundstrat, Chairman of BitMine.

Eightco Holdings announces Q2 EPS of 38 cents, down from $2.15 a year ago.

Reports Q2 revenue $7.6M vs $5.3M last year.

Eightco Holdings reports Q1 EPS (84c) vs. $1.42 last year

Reports Q1 revenue $9.9M vs. $8M. Paul Vassilakos, CEO of Eightco and President of Forever 8 Fund, stated "In order to improve our cost structure to deliver long-term value to shareholders, we continue to reduce operating costs and address selling and administrative expenses. Our goal is to remain on this path to further support the Company's growth as it continues to explore funding options. Our current operations provide the infrastructure to significantly scale revenues with a relatively modest increase in expenses. I continue to witness substantial progress within Eightco and believe our accomplishments provide a strong foundation to scale revenues rapidly. The demand for our inventory capital, especially in the refurbished apple products business, continues to underscore the value we believe we can bring to clients. We have now emerged from a transformative period, where I am confident in our ability to accelerate growth and drive sustained success for Eightco and our stakeholders."