VivoPower International (VVPR) has released an update.
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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.
