Vivopower is supercharging its mining fleet and doubling down on XRP reserves, igniting a bold strategy reshaping crypto’s future.
Vivopower Claims 65% Discount on XRP via Mined Token Conversions
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Vivopower Expands Mining Power While Locking in XRP-Centric Treasury Plan
Vivopower International Plc (Nasdaq: VVPR) disclosed on Sept. 16 that its Caret Digital subsidiary will enlarge its proof-of-work mining fleet after negotiating bulk discounts on rigs, while reinforcing its XRP-centered treasury strategy. The company underscored that the economics of mining have improved with rising asset prices, making fleet expansion more attractive. As part of its broader strategy, management explained:
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 Labs shares. Vivopower will dynamically manage asset allocation as part of its portfolio management processes,” the company detailed.
The group also emphasized the benefits of the token swap approach, stating:
Mined tokens will be exchanged into XRP, delivering an effective 65% discount, based on current market prices.
Vivopower positioned this approach as a method to build reserves while achieving significant cost advantages. The treasury framework not only prioritizes accumulation of XRP through mined token conversion but also through Ripple Labs equity holdings, allowing management to adapt allocations in response to shifting market dynamics.
Executives described the initiative as part of Vivopower’s transformation into the first enterprise structured around XRP as a core reserve asset. Beyond mining, the company’s vision includes supporting the XRP Ledger by contributing to decentralized finance infrastructure and blockchain-based real-world applications. Founded in 2014 and listed on Nasdaq since 2016, Vivopower operates across multiple regions, including the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia. The company runs two main divisions: Caret Digital, focused on renewable-powered digital asset mining, and Tembo, which develops electric mobility and energy solutions for fleet and industrial applications.
