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VivoPower Completes Definitive Agreement with KWeather, Advances Strategic Exit from Digital Asset Holdings with No Realized or Unrealized Losses
Globenewswire· 2026-02-05 14:30
Core Insights - VivoPower has entered into a definitive agreement with KWeather for the acquisition of economic rights to some of its Ripple Lab shares, while securing a 20% shareholding in KWeather valued at $4.3 million [1][2] - The remaining Ripple Lab shares held by VivoPower will be acquired by Lean Ventures, following a partnership agreement announced in December 2025 [1][2] - VivoPower aims to strategically exit its digital asset holdings and will not acquire further digital assets, confirming no realized or unrealized losses on its digital asset positions [2] Company Strategy - VivoPower will focus its capital and resources on scaling its data center infrastructure business, emphasizing a shift away from digital asset investments [3][2] - The company operates globally, with a focus on developing sustainable powered land and data center infrastructure for AI applications, while also managing other business units that are in the process of being divested [4]