VivoPower's Cryptocurrency Gamble: High-Risk Turnaround or Nasdaq Survival Story?
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币界网报道：VivoPower International, a Nasdaq-listed energy firm, is pivoting to Bitcoin mining in a high-stakes turnaround bid after years of financial struggles. The company recently secured $10 million in funding and partnered with Northern Data AG to deploy mobile mining units, aiming to achieve 1.1 EH/s hash rate by 2024. CEO Kevin Chin claims the move could generate $50 million annual EBITDA, but analysts warn the volatile crypto market poses significant risks. VivoPower's stock has plummeted 99% since its 2015 peak, with mounting debt and multiple reverse stock splits. The firm now faces a crucial December deadline to meet Nasdaq's $1 minimum bid price requirement.
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