VivoPower's Caret Digital secures asset backed financing facility for up to 1,000 Antminer L9s to accelerate DOGE coin mining revenues and free cashflows
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.
These risks, uncertainties and contingencies include changes in business conditions, fluctuations in customer demand, changes in accounting interpretations, management of rapid growth, intensity of competition from other providers of products and services, changes in general economic conditions, geopolitical events and regulatory changes, and other factors set forth in VivoPower’s filings with the United States Securities and Exchange Commission.
Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of VivoPower’s business.
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