ARK Invest completed a minority investment in BitMine for $182m.

Synopsis

ARK Invest, an American investment management firm, completed a minority investment in BitMine, a Bitcoin mining and hosting company, for $182m. "We are delighted that Cathie Wood's ARK Invest is taking a substantial stake in BitMine as she sees the exponential opportunity ahead," Thomas Lee, BitMine Chairman.

Principals

target

Bitmine Immersion Technologies

bidder

Ark Investment Management

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Market Context