VivoPower International (VVPR) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
VivoPower International’s subsidiary, Caret Digital, is set to transform up to 55MW of its solar farm portfolio for mining Dogecoin and Litecoin, potentially generating annual revenues of $150 million. This strategic move follows a proposal for a reverse merger with a Canadian group and aligns with Caret Digital’s Power-to-X strategy. VivoPower’s shareholders have already approved this spin-off, marking a significant step in the company’s sustainable energy solutions journey.
For further insights into VVPR stock, check out TipRanks’ Stock Analysis page.