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

Core Insights - VivoPower's subsidiary, Caret Digital, has initiated Dogecoin mining operations using Antminer L9 rigs at its Wisconsin facility [1] - The strategy aims to capitalize on the current profitability of Dogecoin mining, potentially generating annual revenues of up to $25 million and cash EBITDA of up to$12 million [2] - Caret Digital plans to develop up to 55MW of renewable-powered mining capacity, which could yield revenues of up to $150 million annually from Dogecoin mining [3] Company Overview - VivoPower, established in 2014 and listed on Nasdaq since 2016, focuses on sustainable energy solutions, including electric solutions for customized fleet applications and ancillary services [4] - Caret Digital operates under a Power-to-X strategy, developing renewable power infrastructure integrated with high energy consumption use cases, specifically for Dogecoin mining [5]