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DOGE and Litecoin Step into Green Energy: New Moves from VivoPower
The renewable energy company #VivoPower (listed on #Nasdaq under the code VVPR) has just announced that its subsidiary, Caret Digital, will begin mining Dogecoin (DOGE) and Litecoin (LTC) starting January 2024. This is a bold move to combine blockchain technology with sustainable energy.
Mining strategy and potential profits
According to the announcement, Caret Digital expects to achieve annual revenue of about $25 million and earnings before interest, taxes, depreciation, and amortization (EBITDA) of up to $12 million. Notably, the mining operations will be implemented at renewable energy facilities in #Wisconsin and Oregon, with a plan to develop 55 MW of mining capacity from renewable energy.
Mining strategy and potential profits
According to the announcement, Caret Digital expects to achieve annual revenue of about $25 million and earnings before interest, taxes, depreciation, and amortization (EBITDA) of up to $12 million. Notably, the mining operations will be implemented at renewable energy facilities in #Wisconsin and Oregon, with a plan to develop 55 MW of mining capacity from renewable energy.
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