We are thrilled to announce that Fred Caranese has officially been awarded PeopleCert Ambassador status—not once, not twice, but three times!

Fred is one of Lumify Work's expert Product Managers, focused on managing our project and process training portfolio. He is now a recognised Ambassador for PRINCE2, DevOps, and ITIL.

This remarkable achievement underscores his deep expertise and dedication to these fields.

According to Jon Lang, Lumify Group CEO, "With Fred's new PeopleCert Ambassador status, Lumify Work strengthens its position as a leader in process training. Along with being a PeopleCert Accredited Training Organisation, the team is poised to help even more students gain much needed skills and credentials. In turn, these individual professionals can drive efficiency and consistency within their organisations. Well done, Fred!"

Helen Beal, Head of PeopleCert Ambassador Programme shares more about the significance of the programme and Fred's newly gained status. "Our ambassador programme recognises pioneers in our industry and creates a platform for them to share their knowledge and expertise with our community for the greater good of everyone’s learning. We are proud at PeopleCert for the work we do across IT Service Management, Project and Portfolio Management, Agile and DevOps, and prouder still to have ambassadors like Fred who understand and practice all of our ways of working, and how they work together to drive higher performing digital businesses."

What it Means to Be a PeopleCert Ambassador

PeopleCert Ambassadors are passionate IT Service Management, Project Management, and DevOps professionals. They are subject-matter experts and dedicated contributors to the global professional community.

Out of the 650+ PeopleCert Ambassadors worldwide, Fred is the first and only triple badge holder in Australia and New Zealand (ANZ)—a truly outstanding distinction!

Gaining an Ambassador status results from a review of one's thought leadership contributions to the field.

Gary Duffield, Head of Vendor Partnerships at Lumify Work shares, "For quite some time, Fred has been our champion for ITIL, PRINCE2, DevOps and more. Lending his insights on IT Service Management and Project Management skilling with both customers and the team. So, we are over the moon that he has officially been awarded Ambassador status by PeopleCert."

The Benefits of PeopleCert Ambassadorship

As a PeopleCert Ambassador, Fred gains access to exclusive opportunities and resources, including:

• Content Sneak Peeks - Getting advance notice of stories, blog ideas, writing opportunities, exclusive community webinars, and research.
• Contribute and Lead - Participating in initiatives to write and guide the direction of community-produced resources.
• Perks - Getting complimentary digital copies of PeopleCert research reports, community content and associated companion volumes to distribute to your own networks.
• Event Participation - Receiving invitations to global and regional events where you can share your knowledge and foster collaboration.
• Local Leadership - Regional Chapter Lead roles filled by Ambassadors organising chapter meetings.
• Networking - Meeting, interviewing, and interacting with industry and enterprise thought leaders, advocates and influencers.

What This Means for Our Customers

Fred’s triple Ambassador status offers a major advantage for Lumify Work customers in Australia, New Zealand and the Philippines.

It ensures that our team and our customers stay ahead of emerging trends with the latest insights and best practices in ITSM, Project Management, and DevOps. It also helps us amplify your feedback on community-produced resources for certification and learning.

Complimenting technical knowledge with the skills and insights to manage processes is critical to any organisation. According to Peter Clark, General Manager for Lumify Work, it most often follows conversations about cloud computing, cyber security or AI.

"Across our markets, customers recognise that having the expertise to manage successful IT projects requires the expertise to manage successful projects. This is where PeopleCert training comes in. It offers structured, easy-to-follow frameworks for addressing the challenges that organisations face today," says Clark.

As an Accredited Training Organisation with Platinum status for PeopleCert courses and certifications—including PRINCE2®, ITIL®, MSP®, MoP™, and P3O®—Lumify Work ensures that learners benefit from cutting-edge insights, industry-leading instruction, and access to the latest trends in certification and training.

Furthermore, Fred’s recognition enables Lumify Work to participate in key industry events, like the ITSMF National monthly event in February, where he will represent PeopleCert and share valuable expertise with the broader professional community.

About PeopleCert, ITIL, PRINCE2 and More

PeopleCert is a global leader in professional certification, partnering with multinational organisations and government bodies to develop and manage globally recognised certification schemes. With millions of exams delivered in over 150 countries, PeopleCert plays a pivotal role in setting the standards for ITSM, Project Management, and DevOps certifications worldwide.

Did you know that by implementing best practice frameworks, corporations are seeing a 75% reduction in time to resolve incidents? PeopleCert certifications help organisations add value to their business by certifying their employees’ competencies. Certifications also help organisations reduce operating costs and improve effectiveness by:

• Ensuring that the right people stay in the right job
• Investing in the organisation’s talent
• Providing a clear staff training ROI
• Identifying areas for employee performance improvement
• Proving to customers your commitment to improving services
• Boosting employee morale by investing in them

PeopleCert’s extensive portfolio of certification programmes spans a broad range of important individual skill sets designed to assist organisations in becoming more efficient through internationally recognised best practices.

Lumify Work is a PeopleCert Accredited Training Organisation and ANZ's only Platinum Partner. Explore PeopleCert Courses with Lumify Work in Australia (formerly DDLS Training).

Learn about ITIL training and certification when you download our eBook. You can also access our eBook on PRINCE2 Project Management training.

Join Us in Celebrating This Achievement

Fred Caranese’s triple Ambassador status is a testament to his commitment to excellence and thought leadership. We are incredibly proud to have him as part of the Lumify Work team, and we look forward to seeing the impact of his expertise on the broader community.

Congratulations, Fred!

Visit www.lumifywork.com to learn more.

Southeast Asia is emerging as a key battleground for impact capital in 2025, as investors sharpen their focus on climate resilience, financial inclusion, and gender-smart investments.

The latest data from the Global Impact Investing Network indicates that 90% of Asia-focused impact investors are meeting or exceeding their return expectations, fuelling further capital inflows into the region. Nearly half of global investors surveyed plan to increase their ASEAN allocations this year.

Private capital has long underpinned Asia’s economic growth, financing industrialisation, infrastructure, and technology. But as environmental and social pressures intensify, the conversation is shifting from sheer expansion to sustainable, high-quality development.

Impact investing is now at the forefront of this evolution, aligning private capital with national growth strategies to ensure long-term, inclusive prosperity.

The Green Gold Rush: Climate Tech and Renewable Energy

With ASEAN nations under increasing pressure to decarbonise, the transition to net-zero is no longer a distant ambition but an urgent priority. Governments are tightening environmental policies, investors are demanding more rigorous ESG adherence, and the region’s vulnerability to climate shocks is forcing a recalibration of risk and opportunity.

Climate tech and renewable energy are set to dominate investment flows. Solar, wind, and hydro projects are attracting capital, alongside innovations in energy efficiency and climate-resilient infrastructure. Sustainable agriculture is also drawing investor interest as the intersection of food security and environmental sustainability becomes increasingly apparent.

Gender Lens Investing: Bridging the Gap

The shift towards gender-smart investing is accelerating, as financial markets increasingly recognise that investing in women is not just a social imperative but a business opportunity. Backed by a growing body of data linking gender equity to economic resilience, investors are integrating a ‘gender lens’ across their portfolios.

Capital is flowing into enterprises that enhance women’s access to education, healthcare, and financial services. Women-led startups, particularly in fintech, are attracting investment for solutions that improve financial literacy and expand access to banking and credit. The result is a more inclusive economy that fully leverages ASEAN’s workforce potential.

Transparency and Accountability: The New Standard for Impact Investing

Impact investing is moving beyond broad commitments to measurable, verifiable outcomes. Investors are demanding rigorous reporting and standardised frameworks to assess the tangible social and environmental impact of their portfolios.

Adoption of metrics aligned with the Impact Management Project (IMP) and the UN Sustainable Development Goals (SDGs) is gaining traction, while technology is playing an increasingly critical role. Data analytics and blockchain are emerging as tools to enhance impact tracking and verification, ensuring greater transparency and comparability across investments.

Local Impact Funds and Entrepreneurial Ecosystems: Building from Within

ASEAN’s impact investment ecosystem is maturing. A wave of homegrown funds, incubators, and accelerators is stepping up to support early-stage social enterprises with both capital and strategic expertise.

Governments and private sector leaders are playing an active role in strengthening entrepreneurial talent and crafting policies that incentivise impact-driven business models. The rise of impact-focused co-working spaces, accelerator programmes, and blended finance initiatives is reinforcing the momentum, positioning local entrepreneurs as critical drivers of sustainable development.

Impact Investing in ASEAN: From Niche to Mainstream

Impact investing in ASEAN is transitioning from a niche segment to a fundamental pillar of economic strategy. As investors double down on climate tech, financial inclusion, blended finance, and gender-focused initiatives, private capital is emerging as a decisive force in shaping the region’s future.

Challenges remain, from the need for more standardised impact metrics to regulatory frameworks that support long-term sustainable investments. But the trajectory is clear: the region is moving beyond viewing impact investing as an ethical choice and recognising it as a powerful engine for financial and societal returns.

Those who navigate this shift effectively will find themselves not only on the right side of history – but on the right side of the balance sheet as well.

For more news and insights, stay tuned to the Arowana website.

 

Lumify Work enters a strategic partnership with AI CERTs™ to deliver the first comprehensive suite of vendor-agnostic AI certifications for the Australia, New Zealand, and Philippine markets. This collaboration sets a new benchmark for AI education, empowering individuals and organisations with future-ready skills to excel in an AI-driven world. By integrating AI CERTs™' industry-validated certifications with Lumify Work’s expertise in digital transformation, professionals will be empowered with the knowledge and skills needed to succeed in today’s dynamic technology landscape.

AI CERTs™ certifications take a pioneering role-based approach, offering individuals role-specific, vendor-agnostic training that ensures adaptability and resilience in today’s rapidly evolving AI landscape. From technical specialists to business professionals, AI CERTs™ certifications cater to the needs of diverse roles and industries, positioning workforces to harness the full potential of AI.

Aligned with ISO 17024:2012 standards, AI CERTs™ certifications are designed to ensure credibility and relevance. These certifications are recognised as benchmarks of excellence in the industry.

Jon Lang, CEO of Lumify Group, said this partnership positions Lumify Work as a provider of these certifications in Australia, New Zealand, and the Philippines, giving organisations privileged access to premium AI training.

“With the introduction of AI CERTs™, Lumify Work reinforces its leadership in AI education. These role-specific, vendor-agnostic certifications empower individuals and organisations with cutting-edge skills and globally validated credentials to navigate the evolving AI landscape. Together with AI CERTs™, we’re preparing our students to drive innovation and achieve transformative growth,” said Lang.

Russell Sarder, CEO of AI CERTs™ commented, “Our partnership with Lumify Work represents a major milestone in delivering practical, industry-aligned AI certifications to the ANZ market. By joining forces, we’re equipping professionals with the skills they need to excel and thrive in the ever-evolving tech environment.”

Lumify Work has already scheduled the AI CERTs™ top and most popular courses, including:

• AI+ Executive™: Provides a solid understanding of AI fundamentals, data management, and its applications in business, marketing, finance, and HR. It equips learners with skills in AI strategy, governance, risk management, and team leadership for successful AI integration and organisational transformation.
• AI+ Everyone™: Explores AI basics and the ethical considerations of its technologies and applications. It also looks at how generative AI can enhance creativity and innovation.
• AI+ Ethics™: Addresses the ethical implications and social impacts of AI. It teaches learners strategies for responsible decision-making, focusing on preventing bias in AI systems, protecting privacy, securing AI and data, and complying with global AI regulations.
• AI+ Prompt Engineer™: Teaches learners how to write effective AI prompts, optimise them for specific tasks, and troubleshoot to enhance model performance. It also covers AI tools and frameworks for prompt engineering, preprocessing image data, fine-tuning models, and optimising performance for image classification and synthesis

Peter Clark, General Manager for Lumify Work, commented on the growing demand for AI training, " We are experiencing a surge in demand for AI training, with many clients seeking guidance on how to equip their teams for AI’s transformative impact across all roles in an organisation. However, many organisations struggle with knowing where to start. Our AI CERTs™ are designed to bridge this gap, complementing our existing training portfolio and catering to the diverse needs of professional and technical roles across all sectors. By offering a flexible and customisable model, we empower businesses to overcome training hurdles and fully harness AI’s vast potential to scale their initiatives effectively."

Future offerings will expand into an unmatched portfolio covering core roles (e.g., AI+ Sales™, AI+ Marketing™, AI+ Finance™), technical domains (e.g., AI+ Cloud™, AI+ Security™, AI+ Chief AI Officer™), and specialised industries (e.g., AI+ Legal™, AI+ Healthcare™, AI+ Government™), creating a robust roadmap for building AI-ready teams across every level.

Available from 1 February 2025, these certifications provide businesses with a clear roadmap to building AI-ready teams across every organisational level.

For more than three decades, Lumify Work (formerly known as DDLS in Australia and the Philippines, and Auldhouse in New Zealand) has been enabling progress by helping organisations embrace change. This partnership with AI CERTs™ aligns with Lumify’s goal of equipping people with mission-critical tech skills to transform teams, supercharge careers, and future-proof businesses.

Organisations can access the largest range of authorised training in ANZ and PH through flexible options: online, in-person at Lumify's ten state-of-the-art campuses, or via a tailored digital program to suit their tech stack and team needs. This ensures that businesses can provide their teams with the right training, no matter their location or specific requirements.

AI CERTs™ training and certifications empower organisations to build a smarter workforce by equipping teams with in-demand skills for the AI era. These certifications drive growth by unlocking innovation and creating new opportunities through AI expertise. Furthermore, they help organisations adapt to change, enabling them to stay ahead of rapid technological advancements with validated, future-proofed skills.

For more information on the AI CERTs™ courses, schedules, and certifications, please visit the Lumify Work website at https://www.lumifywork.com/courses/ai-certs-courses/.

Delivery of 25 Tusker vehicles includes next gen model with upgraded cruise control, safety and multimedia features from February 2025

All 25 vehicles have been allocated due to strong demand from customers and partners

Tembo is working with fleet owners to assist them in securing the NSW government fleet incentive of up to A$15,000 per vehicle

Tembo Tuskers offer the best value for money homologated 100% electric utility pick-up truck in AustraliaTuskers come with a 3-year warranty, 8 year battery warranty from CATL, the world’s largest battery company

 

VivoPower announced today that its subsidiary, Tembo e-LV, has been advised that it will receive shipment of 25 Tusker full electric utility vehicles into Sydney, Australia before the end of February 2025. Tembo will subsequently be able to deliver Tuskers to customers and partners.

The Tusker batch includes the next generation model which has upgraded features, including EPB (electronic park braking), Uphill Drive assistance, Fixed Speed Cruise Control, Bluetooth Car Phone, 12.3-inch Centre Console screen interface as well as AEBS and the popular V2L (vehicle 2 load feature).

The Tembo Tuskers offer the best value for money 100% electric utility pick-up trucks in Australia and comes with a 3 year OEM warranty and 8 year battery warranty from CATL, the world’s largest battery company. The Tusker received full Australian Federal Government on road homologation vehicle type approval (VTA) approval in November 2024, following a rigorous testing and evaluation program by independent Australian Federal Government approved inspectors. VTAs are a critically important regulatory milestone in the Australasian pick-up truck market, which is estimated to be approximately US$10 billion. Without VTAs, vehicles are not considered homologated and cannot be legally driven on public roads across. They are crucial for ensuring that vehicles, including EVs, meet essential safety, environmental, and anti-theft standards before hitting the road. Under the Road Vehicle Standards (RVS) legislation, these approvals – managed by the Department of Infrastructure, Transport, Regional Development, and Communications – verify that EVs comply with stringent national regulations covering design, construction, and performance. As EV adoption accelerates, VTAs become vital in regulating new fully electric vehicle models in the market. They address unique EV-specific standards, such as battery safety and charging capabilities, helping manufacturers demonstrate compliance with local regulations.

For the full version of the article, visit the VivoPower Press Releases page.

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The investment commitment is in the form of a share subscription facility from GEM Global Yield LLC SCS (“GGY”) and is subject to a separate listing of Caret Digital on a Canadian stock exchange

GGY’s shareholding will be capped at 9.9%

Funds will be invested at the Caret Digital subsidiary level and hence non-dilutive for VivoPower shareholders

Funds from the investment will be used to execute upon Caret Digital’s Power-to-X strategy (“P2X”) which seeks to activate the highest and best use cases for renewable power capacity

First phase of Caret Digital’s P2X strategy is building out capacity including data centre infrastructure for DOGE coin mining

Second phase of Caret Digital’s P2X strategy is AI enabled data centres

DOGE coin mining is consistent with Caret Digital’s Power-to-X strategy that seeks to activate the highest and best use cases for renewable power capacity

 

VivoPower announced today that its wholly owned subsidiary, Caret LLC. (Caret Digital), has secured a CAD$140m (approximately US$100m) definitive and binding investment commitment from Luxembourg headquartered alternative investment group, GGY.

Proceeds from the investment will be used to execute on and build out Caret Digital’s Power2X strategy, including in its first phase, the mining of DOGE coin, as well as for working capital and general corporate purposes.

VivoPower shareholders had previously approved a spin-off of Caret Digital, in whole or part, as well as a special dividend during the Annual General Meeting held in December 2023. The Company will provide further updates in relation to the progress of the spin off via a reverse merger and the consequences for VivoPower and its stakeholders, including any special dividend shares for VivoPower shareholders.

For the full version of the article, visit the VivoPower Press Releases page.

About GEM

Global Emerging Markets (GEM) is a $3.4 billion alternative investment group with offices in Paris, New York, and Nassau (Bahamas). GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 580 transactions in 70 countries. Its family of funds and investment vehicles provide GEM and its partners with exposure to: Small-Mid Cap Management Buyouts, Private Investments in Public Equities, and select venture investments.

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Arowana ranks in the top 50 impact companies globally for the 6^th year in a row  

From 2025 onwards, Real Leaders Top Impact Companies competition rules apply a stricter criteria 

Recognition reflects Arowana's commitment to its core purpose and status as a leading B Corp

Arowana is pleased to announce that it has been named one of the 2025 Real Leaders Top Impact Companies, a testament to its unwavering commitment to its purpose of growing people, companies, and values. This recognition highlights Arowana’s global leadership in investing in and building sustainable and impact-focused companies. 

Now in its seventh year, the Real Leaders Top Impact Companies list celebrates privately-owned businesses that deliver measurable social and environmental benefits. Arowana’s inclusion reflects its mission-driven focus and its proud status as a certified B Corporation, affirming its dedication to the highest social and environmental performance standards, accountability, and transparency. 

Setting a New Standard for Purpose-Driven Business 

This year’s competition saw over 300 qualifying applications from more than 15 countries, evaluated on growth, revenue, and the six pillars of I.M.P.A.C.T.: Intention, Model, People, Accountability, Collaboration, and Transformation.  

With stricter criteria—including a higher revenue threshold and more rigorous impact evaluations—this year’s ranking spotlighted companies that lead with authenticity and purpose. 

“It seems like every company is calling themselves an impact company these days,” Kevin Edwards, President of Real Leaders, said. We wanted to spotlight businesses that are genuinely dedicated to making a difference. By incorporating CEO interviews and community-driven impact evaluations, we ensured that only the most deserving organisations made the list. The top-scoring finalists in each category will share their best practices at Real Leaders UNITE 2025, inspiring better leaders for a better world.”

Arowana’s Core Purpose: Growing People, Companies, and Values

As a global investment group, Arowana is committed to channelling resources and supporting the transformation and growth of enterprises that contribute to environmental resilience, foster equitable opportunities, and deliver lasting value for stakeholders. 

“We are very grateful to be named again as one of the Top Impact Companies of 2025 by Real Leaders,” Kevin Chin, Founder and CEO of Arowana, said. “At Arowana, we believe that business has a profound role to play in shaping a better future and we are steadfastly committed to our core impact driven purpose. As a certified B Corp, our team strives to lead by example—aligning financial performance with measurable social and environmental impact. This award affirms that purpose and profit can coexist and thrive together. 

We are grateful to Real Leaders for championing the power of purpose-driven leadership and for creating a platform that celebrates businesses making a difference globally. To stand alongside so many remarkable companies is an honour.” 

To view the full 2025 Real Leaders Top Impact Companies ranking, visit https://real-leaders.com/top-impact-companies-2025/. 

For more news and insights, stay tuned to the Arowana website.
 
About Real Leaders 

Real Leaders is the fastest-growing community for impact-driven leaders, supported by a global media platform that advocates for purpose-driven business. Founded in 2010, Real Leaders promotes responsible leadership that prioritises employees, society, and the planet alongside profit. An independently owned Certified B Corporation and member of the UN Global Compact, Real Leaders is on a mission to unite farsighted leaders to transform our shortsighted world.

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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Shareholder Enquiries

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EUV25 EPower kit is the next-generation electric conversion kit for Landcruisers

Automechanika Dubai to be held from 10-12 December 2024

Estimated 60,000 attendees from over 160 countries registered to attend

Automechanika Dubai is the largest automotive aftermarket solutions show in the region

Tembo to follow up by hosting regional off-road drive days in the first quarter of calendar 2025

 

Tembo e-LV, a subsidiary of Nasdaq-listed B Corporation, VivoPower, is pleased to announce that it will be launching its next-generation EUV25 EPower conversion kit for Landcruisers at Automechanika Dubai 2024.

The EUV25 EPower kit is the latest electric conversion kit for Landcruisers, specifically designed to accommodate rugged off-road terrain and conditions, as well as heavy payload.

Tembo will be joining forces with the market-leading UAE-based sustainable transport solutions company, ONE MOTO, at Automechanika Dubai from 10 to 12 December 2024, which will be held at the Dubai World Trade Centre.

Tembo’s EUV25 builds on the legendary design of the Land Cruiser LC70, which has been an iconic and ubiquitous mode of transportation in the UAE and the broader Gulf Cooperation Council (GCC) region. Because of its rugged reliability and adaptability to challenging terrains, the LC70 has secured its place as the vehicle of choice traversing vast deserts, remote areas, and mountainous landscapes. Its durable design and ability to withstand extreme temperatures has made it indispensable for industries such as oil exploration, agriculture, and logistics.

Automechanika Dubai 2024 is the largest international trade show for the automotive aftermarket industry in the Middle East, Africa, and South Asia region. It provides a platform for industry professionals, manufacturers, and suppliers to network, showcase innovations, and explore opportunities in the rapidly evolving automotive sector.

This year’s event will feature over 2,200 exhibitors from 161 countries, spanning 17 halls. Key highlights include specialised sections for tyres, batteries, telematics, diagnostics, and EV-related technologies, reflecting the industry’s shift toward sustainability.

Chris Mallios, Chief Commercial Officer of VivoPower said: “We are delighted to be launching the EUV25 EPower conversion kit in one of the fastest growing regions in the world. We are grateful to be showcasing the kit in collaboration with the ONE MOTO team at Automechanika Dubai 2024. This collaboration reflects our shared commitment to driving innovation and adoption of electric vehicle technologies. By combining our expertise, we aim to showcase cutting-edge yet cost effective solutions that address the growing demand for sustainable mobility in the region”.

To read our full press release, and to keep up with all of VivoPower’s releases, visit the company's Press Releases page.

About ONE MOTO

ONE MOTO is a pioneering electric vehicle company specialising in sustainable transport solutions for urban mobility and last-mile delivery. With a strong presence across the globe, ONE MOTO’s mission is to transform cities by providing zero-emission, cost-effective electric motorcycles for businesses and consumers alike. By leveraging advanced data technology and a passion for sustainability, ONE MOTO is paving the way for a cleaner, smarter future in urban transport.

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Caret Digital has selected renewable-powered hosting facilities in Wisconsin and Oregon with an initial fleet ramping up to 1,000 Antminer L9s to be activated 

Annualised revenue potential of up to US$25m based on current Dogecoin prices, with annualised cash EBITDA of up to US$12m

Dogecoin mining is consistent with Caret Digital’s Power-to-X strategy that seeks to activate the highest and best use cases for renewable power capacity

Economics of Dogecoin mining have improved markedly with an estimated payback period of 9-12 months (depending on power costs and based on current market values)

Caret Digital has secured non-dilutive financing to fund the acquisition of the Antminer L9s and will deploy the fleet on a staged basis

VivoPower announced today that its wholly owned subsidiary, Caret LLC (Caret Digital), will commence Dogecoin mining operations with revenue and profitable cashflow generation flowing from the first week of January 2025. Caret Digital has selected two renewable-powered hosting facilities in Wisconsin and Oregon to commence mining operations. It will deploy up to 255 Antminer L9s at the Wisconsin facility first, then ramp up with an additional 745 Antminer L9s at the Oregon facility.

Execution of this strategy will allow Caret Digital to take advantage of the current profitability of Dogecoin mining to generate revenues and free cashflows for VivoPower as a group. Caret Digital does not intend to hold most of the Dogecoin that is mined but will sell or forward sell them as appropriate. Based on current Dogecoin prices and Antminer GPU costs, there is potential for Caret Digital to generate annual revenues of up to US$25m and cash EBITDA of up to $12m. VivoPower intends to use any free cashflow generated from the Dogecoin mining operations to reinvest into its Tembo e-LV business, and further its commitment to delivering on the triple bottom line of people, profit and planet.

At the same time, Caret Digital will continue to work on developing up to 55MW of its own renewable-powered mining capacity to be used for Dogecoin and Litecoin mining, as previously announced. With a 55MW facility, Caret Digital would be able to generate revenues of up to $150m per annum from Dogecoin mining.

VivoPower shareholders had previously approved a spin-off of Caret Digital, in whole or part, as well as a special dividend during the Annual General Meeting held in December 2023. The Company will provide further updates in relation to the progress of the spin-off via a reverse merger and the consequences for VivoPower and its stakeholders, including any special dividend shares for VivoPower shareholders.

To read our full press release, and to keep up with all of VivoPower’s releases, visit our Press Releases page.

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Shareholder Enquiries

[email protected]