Asset-backed financing facility is for Caret LLC (trading as Caret Digital) and is non-dilutive to VivoPower shareholders
At current Dogecoin 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
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 Dogecoin prices and power costs of 8c/watt.
To read our full press release, and to keep up with all of VivoPower’s releases, visit the company's Press Releases page.
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