ThreeD Capital congratulates HyperCycle on $1.1 billion joint venture
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E-mailThreeD Capital Inc. (CSE: IDK) (OTCQX: IDKFF) announced it congratulated HyperCycle on establishing a $1.1 billion joint venture with South Korean investors led by Addeep Inc.
The joint venture includes a $250 million cash investment and an in-kind contribution valued at $850 million from HyperCycle's 170,000 node factories. The partnership aims to establish Seoul as a hub for IoAI development.
ThreeD Capital, a Toronto-based venture capital firm, holds investments in HyperCycle's ecosystem, including digital tokens, nodes, node factories, and ANFEs. The company focuses on investments in junior resources and disruptive technology sectors.
The information was provided in a company press release.
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