VivoPower’s Caret Digital has Commenced Dogecoin Mining Operations in Wisconsin

Quick Summary:

Caret Digital has commenced mining with initial fleet of Antminer L9s  Further mining rigs to be ordered and deployed on a staged basis at hosting facilities in Wisconsin and Oregon LONDON, Jan.15, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR) ("VivoPower" or the "Company") announced today that its wholly owned subsidiary, Caret LLC (trading as "Caret Digital”), has commenced Dogecoin mining operations with an initial fleet of Antminer L9 rigs at its Wisconsin hosting facility.

Based on current Dogecoin prices and Antminer GPU costs, there is potential for Caret Digital to generate annual revenues of up to US$25m and cash EBITDA of up to $12m (although this is subject to signification variation given the volatility of both price and cost variables, and should not be taken as a forecast).

With a 55MW facility, Caret Digital would be able to generate revenues of up to $150m per annum from Dogecoin mining (based on current price and cost inputs, which are subject to significant variability and hence this should not be taken as a forecast).

Read Quick SummarySave Time

or

Article Details

Author / Journalist: VivoPower International PLC

Category: Technology

Markets: ChinaAustraliaCanadaNetherlandsPhilippinesUnited Arab EmiratesUnited KingdomUnited States

Topics: Nasdaq:VVPR GB00BD3VDH82

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-15 @ 20:45:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 706 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 25182477

View Article Analysis

About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 71 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 8 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

Publisher Details

Frequently Asked Questions