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

Company Overview - VivoPower International PLC is an award-winning global sustainable energy solutions B Corporation focused on electric solutions for customized fleet applications and ancillary services [4] - The company has operations in multiple countries including Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates [4] Caret Digital Operations - Caret Digital, a wholly owned subsidiary of VivoPower, has commenced Dogecoin mining operations using an initial fleet of Antminer L9 rigs at its Wisconsin facility [1] - The company plans to order and deploy additional mining rigs in a staged manner at hosting facilities in Wisconsin and Oregon [1] Revenue Generation Potential - Caret Digital aims to leverage the current profitability of Dogecoin mining, with potential annual revenues of up to US$25 million and cash EBITDA of up to US$12 million, although these figures are subject to significant variability [2] - The company does not intend to hold most of the mined Dogecoin but will sell or forward sell them as appropriate [2] Future Capacity Development - Caret Digital is working on developing up to 55MW of its own renewable-powered mining capacity for Dogecoin and Litecoin mining, which could generate revenues of up to $150 million per annum based on current price and cost inputs [3] - This initiative aligns with Caret Digital's Power-to-X strategy, which focuses on developing renewable power infrastructure integrated with high energy consumption use cases [5]