VivoPower to Procure XRP at up to 65% Discount by Exchanging Mined Tokens from Expanded Digital Asset Mining Fleet

Core Insights - VivoPower International PLC is expanding its digital asset mining operations through its unit Caret Digital, having secured bulk discounts on mining rigs, which will enhance its proof of work mining capabilities [1][2] - The company aims to exchange mined tokens into XRP, achieving an effective 65% discount based on current market prices, as part of its dual-pronged treasury strategy [1][2] - VivoPower is transforming into an XRP-focused digital asset enterprise, emphasizing the acquisition and long-term holding of XRP assets and supporting decentralized finance infrastructure [3][4] Company Overview - VivoPower, founded in 2014 and listed on NASDAQ since 2016, operates globally across regions including the UK, Australia, North America, Europe, the Middle East, and Southeast Asia [4] - The company has two main business units: Tembo, which focuses on electric solutions for customized fleet applications, and Caret Digital, which is dedicated to renewable power use cases including digital asset mining [4]