Asset backed financing facility is for Caret LLC (trading as Caret Digital) and is non-dilutive to VivoPower shareholders
At current DOGE coin prices, 1,000 Antminer L9s can generate up to US$25m revenues per annum
1,000 Antminer L9s represents approximately 17,000 GH (GigaHash) / s of hash power
London, Dec. 09, 2024 (GLOBE NEWSWIRE) — VivoPower International PLC (NASDAQ: VVPR) (the “Company” or “VivoPower”) announced today that its wholly owned subsidiary, Caret LLC (trading as “Caret Digital”), has secured an initial asset backed financing facility to fund the purchase of up to 1,000 Antminer L9s.
As a result of securing this facility, the fleet of 1,000 Antminer L9s is expected to be delivered to hosting facilities from December 2024. It will have a total hash rate of approximately 17,000 GH/s. From this initial fleet, Caret Digital has the capacity to generate potential annual revenues of up to US$25 million, assuming current DOGE coin prices and power costs of 8c/watt.
About VivoPower
Established in 2014 and listed on Nasdaq since 2016, VivoPower is an award-winning global sustainable energy solutions B Corporation company focussed on electric solutions for off-road and on-road customised and ruggedised fleet applications as well as ancillary financing, charging, battery and microgrids solutions. VivoPower’s core purpose is to provide its customers with turnkey decarbonisation solutions that enable them to move toward net-zero carbon status. VivoPower has operations and personnel covering Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates.
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