VivoPower’s Caret digital asset mining arm to expand its mining fleet with bulk discounts negotiated
Mined tokens will be exchanged into XRP, delivering an effective 65% discount, based on current market prices
VivoPower, a publicly traded company listed on NASDAQ with an XRP-centric treasury strategy, today announced that its digital asset mining unit, Caret Digital, has secured bulk discounts on additional mining rigs and will expand its proof of work mining operations.
With increasing prices across the digital asset mining complex, the economics of mining have improved further. VivoPower will continue to exchange mined tokens into XRP as part of its dual-pronged treasury strategy. A key objective of this strategy is to secure XRP exposure at the lowest average cost possible, through a combination of token swapping from digital asset mining activities and by purchasing Ripple Lab shares. VivoPower will dynamically manage asset allocation as part of its portfolio management processes.
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