$97,055.00
3.07%$3,402.24
4.72%$7.22
11.26%$2.24
4.01%$665.92
2.95%$186.85
1.40%$0.325317
12.10%$0.998093
-0.46%$3,394.39
4.97%$0.924106
11.01%$0.245886
3.53%$39.18
9.04%$23.06
8.64%$4,051.33
5.81%$5.36
5.90%$4.65
23.55%$0.00002237
11.98%$96,988.00
3.26%$0.364412
6.77%$32.50
25.53%$0.259005
1.29%$3,407.42
5.40%$457.26
11.19%$9.28
1.26%$13.48
13.39%$101.18
8.67%$0.00001812
17.42%$3,577.47
5.06%$5.20
7.32%$0.997596
-0.24%$4.08
-0.68%$10.23
-3.73%$0.998016
-0.11%$10.50
9.79%$311.73
8.36%$0.162785
7.12%$0.486845
9.74%$1.19
9.05%$26.57
5.45%$7.38
12.57%$0.04682433
11.41%$3.89
8.19%$192.07
8.59%$475.38
11.87%$24.38
-0.28%$1.32
8.78%$1.13
21.77%$0.779133
8.73%$0.123523
6.75%$5.08
8.66%$1.038
14.00%$0.342616
10.39%$45.16
3.66%$2.67
19.75%$6.80
8.74%$1.72
4.26%$1.75
8.26%$1.84
7.02%$0.0000322
20.94%$1.42
7.45%$5.19
10.81%$0.985738
25.84%$2.21
18.87%$21.60
9.48%$0.216153
10.16%$3,393.54
4.93%$2.06
13.17%$97,109.00
3.49%$0.02983412
20.10%$0.438693
10.06%$2.27
10.52%$5.21
7.35%$3,495.53
5.35%$0.992256
-0.93%$3,813.22
5.54%$0.00017337
11.78%$114.42
11.61%$0.03443031
10.92%$13.10
7.55%$3,577.94
4.77%$1.74
12.96%$0.03667678
14.67%$0.02751581
5.10%$18.88
10.65%$97,060.00
3.15%$1,668.07
4.72%$0.02778744
17.96%$3.31
-0.65%$0.577241
14.20%$0.996954
-0.61%$0.376248
9.16%$1.36
5.74%$1.32
14.91%$0.228041
7.97%$11.12
5.94%$0.132412
11.66%$96,902.00
3.72%$4.46
9.06%$0.828475
10.23%$3,494.79
4.76%$6.87
8.31%$191.24
1.81%$35.83
6.55%$1.63
15.18%$0.855869
8.03%$0.077124
15.79%$0.72719
9.45%$0.493253
6.28%$16.69
6.57%$54.72
8.25%$0.302182
9.48%$1.51
8.54%$0.940212
11.89%$0.00000109
7.42%$0.830817
12.96%$233.04
1.88%$1.11
7.36%$14.37
6.64%$6.40
14.59%$35.54
12.13%$0.486976
10.20%$0.487762
9.39%$96,178.00
2.74%$96,337.00
2.92%$5.25
17.26%$54.19
22.69%$1.19
10.88%$3,385.55
4.67%$3.89
2.57%$3.01
8.75%$0.0000021
-1.30%$0.811725
-25.66%$3.26
10.13%$0.087203
10.43%$0.163848
8.36%$0.277146
8.98%$0.700842
13.32%$3,404.77
4.80%$0.771062
10.55%$0.996433
-0.44%$0.623474
8.91%$0.7915
37.97%$82.77
11.48%$200.15
2.54%$1.93
8.19%$3,390.87
4.30%$1.58
17.74%$2.38
5.35%$2.08
4.05%$0.00003535
7.49%$264.88
9.65%$21.41
9.25%$1.51
8.84%$0.00675863
14.20%$0.325821
12.91%$0.00794839
7.44%$0.181773
9.66%$0.759226
11.70%$96,311.00
2.82%$0.00648078
8.46%$0.653991
9.06%$0.656754
14.21%$2,622.01
0.43%$0.991632
-0.55%$5.74
10.79%$3,574.97
4.56%$0.00011319
15.20%$0.01141709
14.85%$0.00
22.39%$2.46
14.30%$3,683.36
5.15%$0.00854816
14.88%$1.25
-9.11%$18.90
15.57%$1.12
16.79%$26.99
9.61%$0.084081
8.25%$3,404.75
5.43%$0.00633826
12.81%$0.268463
8.05%$10.91
9.50%$0.396231
9.85%$1.31
20.09%$0.077097
1.54%$0.998559
-0.53%$1.013
-0.68%$1.27
13.84%$97,395.00
3.69%$2,617.94
0.28%$0.00000052
3.42%$14.08
19.83%$9.02
-10.09%$96,386.00
3.85%$0.510107
23.38%$0.0532
26.88%$0.01108117
12.93%$31.72
15.99%$1.51
5.48%$3,325.26
0.53%$0.997521
-0.43%$3,413.18
5.24%$4.85
7.41%$0.444538
12.74%$0.00629251
21.22%$0.061243
8.92%$37.56
9.67%$0.291388
60.56%$96,805.00
2.92%$0.00569174
16.90%$3,535.58
4.35%$3,642.03
4.50%$0.065201
8.08%$1.05
-1.27%$0.00637435
10.33%$2.08
10.32%$0.00245922
10.43%$0.00100572
13.03%$26.69
47.11%$0.02168243
12.11%$3.18
8.53%$0.072061
4.43%$5.22
4.49%$0.00000327
9.54%$0.227123
12.83%$0.997093
0.93%$1.068
-1.11%$0.468446
8.07%$89.43
3.89%$0.21073
8.05%$0.99983
-0.18%$2.49
8.54%$3,749.75
4.62%$0.677008
11.14%$0.00000018
8.03%$0.03796011
6.05%$0.892016
6.37%$3.45
11.52%$0.369345
59.67%$0.140238
4.73%$2.92
1.09%$0.997121
-0.67%$0.0361759
10.51%$46.14
9.64%$0.01077459
11.56%$0.740905
17.99%$0.359255
7.66%$3,411.24
5.58%$0.351769
7.46%
Sustainable energy company VivoPower this week announced that its crypto subsidiary is moving into the world of mining Dogecoin and Litecoin.
An announcement by the company said that Caret Digital, which it owns, would start mining the two cryptocurrencies in January.
Nasdaq-listed VivoPower (VVPR) said that Caret Digital could earn annual revenues of $25 million and cash earnings before interest, taxes, depreciation, and amortization (EBITDA) of up to $12 million.
VivoPower’s stock has risen more than 50% over the past month. Over the past 24 hours, however, it has dipped by nearly 14% following a Thursday rise on the Dogecoin and Litecoin news, with shares currently priced at $1.16.
“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,” the announcement said.
“Caret Digital does not intend to hold most of the Dogecoin that is mined, but will sell or forward sell them as appropriate,” it added.
The virtual coins will be mined in renewable-powered hosting facilities in Wisconsin and Oregon, the statement said. And Caret Digital will work on developing up to 55MW of its own renewable-powered mining capacity to be used for mining the assets.
VivoPower sells solar panels, electric cars, and batteries. It owns Caret Digital, which sets up solar farms.
Litecoin is the 25th biggest digital coin, with a market cap of little over $10 billion. Dogecoin is the seventh-largest, boasting a market cap of $63.7 billion.
VivoPower’s $VVPR Caret Digital to activate @Dogecoin $DOGE mining operations, w/ revenue & profitable cashflow generation by early January 2025https://t.co/HnlRL0STTg pic.twitter.com/YfuYSO5RQM
— VivoPower (@Vivo_Power) December 5, 2024
Both cryptocurrencies are proof-of-work assets, meaning they need energy-intensive mining operations to run.
As the price of Bitcoin has shot to new all-time highs, many altcoins have also climbed in value, including Dogecoin. The asset was created as a joke 11 years ago today, but developed a cult following—and huge market cap—after the world’s richest man, Elon Musk, started talking about the cryptocurrency on X (formerly known as Twitter).
This week, American Bitcoin miner BIT Mining said that it is making more money mining Dogecoin and Litecoin than simply minting Bitcoin alone.
Edited by Andrew Hayward
