VivoPower International (NASDAQ:VVPR, FRA:51J) is reshuffling its digital asset holdings, striking a deal that sees part of its Ripple Labs shares go to South Korea’s Kweather Co, while the company takes a 20% stake in the KOSDAQ-listed firm, the firm announced Wednesday.
As part of the deal, VivoPower will secure a 20% stake in KWeather valued at $4.3 million. The remaining Ripple Labs shares held by VivoPower are set to be acquired by Lean Ventures of South Korea, following a partnership agreement first announced in December 2025.
The remainder of VivoPower’s Ripple Labs shares will be sold to Lean Ventures under a previously announced partnership.
VivoPower said all transactions involving Ripple Labs shares will be conducted at market value and in line with Ripple Labs’ approval process. The company emphasized that it will not be acquiring digital assets on its balance sheet and has not recorded any aggregate unrealized losses on its digital asset holdings.
The company added that it will continue to focus on scaling its data center infrastructure business.
Shares of VivoPower jumped over 16% aftermarket Wednesday on the news.
VivoPower operates across the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia. The firm, which is B Corp-certified, is pursuing its “power to X” strategy to develop, build, and own low-cost, sustainable powered land and data center infrastructure for AI applications.
VivoPower also has three other business units—Tembo, Caret Digital, and Vivo Federation—which are in the process of being spun out or divested. Tembo focuses on electric solutions for customized fleet applications and related energy infrastructure, Caret Digital works on renewable power use cases including digital asset mining, and Vivo Federation maintains exposure to Ripple Labs shares and real-world blockchain applications.