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

LONDON, Sept. 16, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR) (the "Company"), 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.

About VivoPower

VivoPower International PLC (NASDAQ: VVPR) is undergoing a strategic transformation into the world’s first XRP-focused digital asset enterprise. The Company’s new direction centers on the acquisition, management, and long-term holding of XRP digital assets, including via Ripple Labs equity as part of a diversified digital treasury strategy. Through this shift, VivoPower aims to contribute to the growth and utility of the XRP Ledger (XRPL) by supporting decentralized finance (DeFi) infrastructure and real-world blockchain applications.

Originally founded in 2014 and listed on Nasdaq since 2016, VivoPower operates with a global footprint spanning the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia. An award-winning global sustainable energy solutions B Corporation, VivoPower has two business units, Tembo and Caret Digital. Tembo is focused on electric solutions for off-road and on-road customized and ruggedized fleet applications as well as ancillary financing, charging, battery and microgrids solutions. Caret Digital is a power-to-x business focused on the highest and best use cases for renewable power, including digital asset mining.

Forward-Looking Statements

This communication includes certain statements that may constitute “forward-looking statements” for purposes of the U.S. federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the achievement of performance hurdles, or the benefits of the events or transactions described in this communication and the expected returns therefrom. These statements are based on VivoPower’s management’s current expectations or beliefs and are subject to risk, uncertainty, and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of VivoPower’s business. These risks, uncertainties and contingencies include changes in business conditions, fluctuations in customer demand, changes in accounting interpretations, management of rapid growth, intensity of competition from other providers of products and services, changes in general economic conditions, geopolitical events and regulatory changes, and other factors set forth in VivoPower’s filings with the United States Securities and Exchange Commission. There can be no assurances that VivoPower will continue to comply with all of NASDAQ’s Listing Rules at all times, given inherent uncertainty in business conditions and financial markets. The information set forth herein should be read in light of such risks. VivoPower is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements whether as a result of new information, future events, changes in assumptions or otherwise.

Disclaimer

This communication is not intended for, and should not be acted upon by, any person in the United Kingdom. The information contained herein does not constitute a financial promotion under the Financial Services and Markets Act 2000 (FSMA) and is not directed at or intended for distribution to any person in the UK. If you are located in the UK, please disregard this message.

Media Contacts

VivoPower: [email protected]