STOCK TITAN

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

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

VivoPower International (NASDAQ: VVPR) announced that its subsidiary, Caret Digital, has secured an asset-backed financing facility to acquire up to 1,000 Antminer L9s for DOGE coin mining. The mining equipment, expected for delivery from December 2024, will have a total hash rate of approximately 17,000 GH/s. Based on current DOGE coin prices and power costs of 8c/watt, this initial fleet has the potential to generate annual revenues of up to US$25 million. The financing facility is non-dilutive to VivoPower shareholders.

VivoPower International (NASDAQ: VVPR) ha annunciato che la sua sussidiaria, Caret Digital, ha ottenuto una linea di finanziamento garantita da attivi per acquisire fino a 1.000 Antminer L9 per il mining di DOGE coin. L'attrezzatura mineraria, che sarà consegnata a partire da dicembre 2024, avrà un hash rate totale di circa 17.000 GH/s. In base ai prezzi attuali di DOGE coin e ai costi dell'energia di 8 centesimi per watt, questa flotta iniziale ha il potenziale per generare ricavi annuali fino a 25 milioni di dollari USA. La linea di finanziamento non diluisce le partecipazioni degli azionisti di VivoPower.

VivoPower International (NASDAQ: VVPR) anunció que su filial, Caret Digital, ha asegurado una línea de financiamiento respaldada por activos para adquirir hasta 1,000 Antminer L9 para minería de DOGE coin. El equipo de minería, que se espera sea entregado a partir de diciembre de 2024, tendrá una tasa de hash total de aproximadamente 17,000 GH/s. Basado en los precios actuales de DOGE coin y los costos de energía de 8 centavos por watt, esta flota inicial tiene el potencial de generar ingresos anuales de hasta 25 millones de dólares EE. UU.. La línea de financiamiento no diluye las participaciones de los accionistas de VivoPower.

VivoPower International (NASDAQ: VVPR)는 그 자회사 Caret DigitalDOGE 코인 채굴을 위해 최대 1,000개의 Antminer L9를 인수할 수 있는 자산담보 금융 시설을 확보했다고 발표했습니다. 2024년 12월부터 배달될 예정인 이 채굴 장비는 총 해시율이 약 17,000 GH/s에 달할 것입니다. 현재 DOGE 코인 가격과 8센트/와트의 전력 비용을 기준으로 할 때, 이 초기 함대는 연간 최대 2,500만 달러의 수익을 창출할 수 있는 잠재력을 가지고 있습니다. 이 금융 시설은 VivoPower 주주에게 희석되지 않습니다.

VivoPower International (NASDAQ: VVPR) a annoncé que sa filiale, Caret Digital, a sécurisé une facilité de financement adossée à des actifs pour acquérir jusqu'à 1.000 Antminer L9 pour le minage de DOGE coin. Le matériel de minage, prévu pour livraison à partir de décembre 2024, aura un taux de hachage total d'environ 17.000 GH/s. En fonction des prix actuels des DOGE coins et des coûts d'électricité de 8 cents par watt, cette flotte initiale a le potentiel de générer des revenus annuels allant jusqu'à 25 millions de dollars américains. La facilité de financement n'est pas dilutive pour les actionnaires de VivoPower.

VivoPower International (NASDAQ: VVPR) gab bekannt, dass ihre Tochtergesellschaft, Caret Digital, eine assetbasierte Finanzierungseinrichtung gesichert hat, um bis zu 1.000 Antminer L9 für DOGE-Mining zu erwerben. Die Mining-Ausrüstung, deren Lieferung für Dezember 2024 geplant ist, wird eine Gesamt-Hashrate von etwa 17.000 GH/s haben. Basierend auf den aktuellen DOGE-Coin-Preisen und Stromkosten von 8 Cent/Watt hat diese Anfangsflotte das Potenzial, jährliche Einnahmen von bis zu 25 Millionen US-Dollar zu generieren. Die Finanzierungseinrichtung führt nicht zu einer Verwässerung der Anteile von VivoPower-Aktionären.

Positive
  • Secured non-dilutive asset-backed financing for mining equipment
  • Potential annual revenue generation of up to US$25 million from mining operations
  • Significant hash rate capacity of 17,000 GH/s
Negative
  • Revenue projections dependent on volatile DOGE coin prices
  • High operational costs with power consumption at 8c/watt

Insights

The secured asset-backed financing for mining equipment marks a significant revenue opportunity for VivoPower, with potential annual revenues of $25 million from 1,000 Antminer L9s. However, investors should note the high volatility in cryptocurrency markets and the dependency on DOGE coin prices remaining at current levels. The non-dilutive nature of the financing is positive for existing shareholders. With a current market cap of just $8.3 million, this revenue potential represents a substantial multiple of the company's current valuation. The 8% power cost assumption is reasonable but profitability will fluctuate with both energy costs and crypto prices. The immediate deployment timeline starting December 2024 suggests quick revenue realization, though exact financing terms and costs aren't disclosed.

The acquisition of 1,000 Antminer L9s, delivering approximately 17,000 GH/s of hash power, represents a significant mining capability. The L9 is specifically designed for Scrypt algorithm mining, which is used by DOGE and other cryptocurrencies, making it an efficient choice for DOGE mining. The planned 8c/watt power cost is competitive within the industry, though actual profitability will depend on maintaining efficient operations and managing thermal conditions. The hosting facility arrangement suggests a focus on operational efficiency rather than infrastructure investment. The hash rate capacity positions Caret Digital as a notable player in DOGE mining, though still modest compared to major mining operations.

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.

As a result of securing this facility, the fleet of 1,000 Antminer L9s is expected to be delivered to hosting facilities from December 2024. It will have a total hash rate of approximately 17,000 GH/s. From this initial fleet, Caret Digital has the capacity to generate potential annual revenues of up to US$25 million, assuming current DOGE coin prices and power costs of 8c/watt.

About VivoPower 

Established in 2014 and listed on Nasdaq since 2016, VivoPower is an award-winning global sustainable energy solutions B Corporation company focussed on electric solutions for off-road and on-road customised and ruggedised fleet applications as well as ancillary financing, charging, battery and microgrids solutions. VivoPower’s core purpose is to provide its customers with turnkey decarbonisation solutions that enable them to move toward net-zero carbon status. VivoPower has operations and personnel covering Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates.

Forward-Looking Statements

This communication includes certain statements that may constitute “forward-looking statements” for purposes of the U.S. federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterisations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the achievement of performance hurdles, or the benefits of the events or transactions described in this communication and the expected returns therefrom. These statements are based on VivoPower’s management’s current expectations or beliefs and are subject to risk, uncertainty, and changes in circumstances. 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. 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. The information set forth herein should be read in light of such risks. VivoPower is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements whether as a result of new information, future events, changes in assumptions or otherwise.

Contact 

Shareholder Enquiries 
shareholders@vivopower.com 


FAQ

What is the potential annual revenue from VivoPower's (VVPR) new Antminer L9 fleet?

Based on current DOGE coin prices, the 1,000 Antminer L9s can generate up to US$25 million in annual revenues.

When will VivoPower (VVPR) receive delivery of the new Antminer L9s?

The fleet of 1,000 Antminer L9s is expected to be delivered to hosting facilities from December 2024.

What is the total hash rate of VivoPower's (VVPR) new mining fleet?

The fleet of 1,000 Antminer L9s will have a total hash rate of approximately 17,000 GH/s.

How is VivoPower (VVPR) financing the purchase of the Antminer L9s?

VivoPower's subsidiary Caret Digital has secured an asset-backed financing facility that is non-dilutive to VivoPower shareholders.

VivoPower International PLC

NASDAQ:VVPR

VVPR Rankings

VVPR Latest News

VVPR Stock Data

9.40M
5.89M
22.88%
4.02%
7.65%
Solar
Technology
Link
United States of America
London