Greenwave Technology reaffirms May revenue view of over $40M

Greenwave Technology Solutions announced that its downstream processing system generated record revenues in May 2024, driven by both increased volume and higher prices. Greenwave reiterates its confidence in exceeding revenue guidance of $40M driven by both increased volume and higher prices. According to a May 27 Credendo Research Report, Copper Sector: Record-Breaking Copper Prices Amid Speculations of Supply Shortages, demand for copper is being driven by a, “boom in investments in green technologies and in AI technologies.” Greenwave is on track to generate record revenues driven by the volume of steel and copper processed in 2024. Copper prices hit an all-time high in May.