VivoPower Signs Agreement with Kweather, Secures $4.3M in Shares
VivoPower International PLC confirms that it has completed a definitive agreement with Kweather Co., Ltd, a KOSDAQ-listed company, which would involve KWeather acquiring the economic rights to some of VivoPower's holdings in Ripple Lab shares, with VivoPower securing 20% of KWeather shares worth $4.3M. The balance of the Ripple Labs shares held by VivoPower will be acquired by Lean Ventures of South Korea pursuant to a definitive partnership agreement that was announced in December 2025. This provides the mechanism for VivoPower to strategically exit its digital asset holdings. VivoPower will not be acquiring any further digital assets on its balance sheet and confirms that it has not incurred aggregate realized or unrealized losses on its digital asset positions. VivoPower confirms that Ripple Labs share transactions with its partners, KWeather and Lean Ventures, will be conducted at market value and will be in accordance with the Ripple Labs approval process. VivoPower will continue to focus its capital and resources on scaling up its data center infrastructure business.
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- Share Transaction Agreement: VivoPower has entered into an agreement with KWeather, whereby KWeather will acquire the economic rights to some of VivoPower's Ripple Lab shares, allowing VivoPower to secure $4.3 million worth of KWeather shares representing a 20% stake, enhancing its capital positioning in the market.
- Strategic Exit from Digital Assets: VivoPower confirms it will not acquire further digital assets on its balance sheet and has not incurred any realized or unrealized losses on its digital asset holdings, enabling the company to concentrate resources on expanding its data center infrastructure.
- Deepening Partnerships: The partnership agreement with Lean Ventures will facilitate the acquisition of VivoPower's remaining Ripple Lab shares, ensuring transactions are conducted at market value, thereby optimizing its digital asset portfolio and reducing risk exposure.
- Business Focus Transformation: Through this transaction, VivoPower will shift its focus towards the development and operation of data center infrastructure, aiming to enhance its competitive edge in AI computing applications and further advance sustainable energy solutions.
- Termination of Equity Offering: VivoPower has formally terminated its ATM equity offering agreement with Chardan Capital Markets, indicating that the company no longer needs to raise funds through new share issuance under current market conditions, reflecting a careful assessment of its cash flow and capital requirements.
- Improved Cash Flow Outlook: Management has confirmed that current and projected operating cash flows, along with economically non-dilutive funding sources, are sufficient to support operations, demonstrating the company's disciplined and strategic approach to capital allocation.
- Diversification Strategy: VivoPower is focused on developing and owning low-cost sustainable energy infrastructure, with multiple business units including Tembo and Caret Digital, aiming to enhance overall competitiveness and market adaptability through diversified operations.
- Global Market Presence: As a certified B Corp operating globally, VivoPower emphasizes its leadership in sustainable energy solutions and plans to further expand its infrastructure in the AI application sector across various sovereign nations.
- Conference Schedule: VivoPower will present its main presentation at the Noble Capital Markets Emerging Growth Virtual Conference on February 5, 2026, at 3:30 PM ET, led by Executive Chairman and CEO Kevin Chin and Chief Investment Officer Alex Cuppage, which is expected to attract significant investor interest.
- Strategic Focus: The presentation will highlight the company's recent acquisitions, including a 25MW data center platform in the UAE and land with power rights in Finland, showcasing its 'Power-to-X' strategy aimed at developing and owning low-cost sustainable land and data center infrastructure for AI applications.
- Investor Engagement: Attendees can register for free to view the live presentation via the Noble Conference Registration Portal, with a video webcast available post-event on the company's website and Channelchek for 90 days, enhancing investor interaction and transparency.
- Business Diversification: VivoPower is also in the process of spinning out or divesting its business units, including Tembo, Caret Digital, and Vivo Federation, demonstrating a diversified development strategy in sustainable energy solutions to enhance overall market competitiveness.
- Acquisition Details: VivoPower has agreed to acquire OGDC Ltd. for approximately $13 million in cash and contingent convertible preference shares, securing 291 MW of strategic land expected to be grid-connected within 12 months to support AI data centers.
- Economic Benefits: The renewable hydropower acquired at sub-4¢/kWh significantly enhances the economics of high-density AI training and inference, bolstering VivoPower's competitive position in the renewable energy market.
- Management Integration: VivoPower's Executive Chairman and CEO Kevin Chin stated that this agreement not only provides an initial portfolio of powered land but also brings OGDC's experienced team to facilitate the rollout of the project effectively.
- Market Reaction: Despite the strategic advantages of the acquisition, VivoPower's stock fell 7.6% in pre-market trading, reflecting cautious investor sentiment and short-term reactions to the deal.
- Acquisition Announcement: VivoPower International PLC has announced its agreement to acquire AI data center infrastructure developer OGDC Pte Ltd, with the transaction expected to close in February, marking a strategic expansion in the energy solutions sector.
- Land Resource Acquisition: The acquisition will secure 291MW of strategic land in Finland for VivoPower, which is anticipated to be grid-connected within 12 months, enhancing its competitive position in the renewable energy market.
- Funding Structure: The deal involves approximately $13 million in cash to be paid from VivoPower's cash reserves, along with the issuance of convertible preference shares at a conversion price of $15 per ordinary share, triggered only upon successful grid connection.
- Market Reaction: In pre-market trading on Nasdaq, VVPR shares were priced at $2.11, down 10.58% from the previous trading day, reflecting a cautious market sentiment regarding the acquisition.
- Market Growth Potential: The global data center market is projected to exceed $300 billion by 2026, driven by enterprise digital transformation, cloud adoption, and AI demand, indicating strong structural growth potential.
- VivoPower's Strategic Move: VivoPower has signed an agreement to develop an initial 25MW data center in the UAE, ensuring long-term power infrastructure access, aimed at supporting the region's long-term digital economy goals and enhancing market competitiveness.
- IREN's Partnership with Microsoft: IREN has signed a multi-year GPU cloud services contract valued at approximately $9.7 billion with Microsoft, expected to phase in NVIDIA GB300 GPUs through 2026, further advancing data center technology upgrades.
- MARA and MPLX Collaboration: MARA has signed a letter of intent with MPLX to build integrated power generation facilities and data centers in Texas, with an initial capacity of 400MW and potential scalability to 1.5GW, enhancing reliability for regional energy and computing needs.









