VivoPower International PLC announced on June 16, 2025, that it is advancing the direct NASDAQ spin-off of its Caret Digital subsidiary, targeting a market capitalization of US$308 million. This represents an increase from the previously implied US$250 million valuation.
VivoPower shareholders as of a future record date will be entitled to receive five Caret Digital shares for each VivoPower share held. The company is also progressing negotiations with strategic pre-IPO investors in the Middle East and Asia for an investment of up to US$50 million to support growth plans.
Caret Digital will continue its strategy of mining DOGE, with conversion to XRP and BTC to optimize yield and returns. The identification of renewable power sources at sub 3c/watt further supports the economic viability of these operations, with an experienced digital asset mining team being assembled under Adam Traidman.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.