Powerpool Increases Exposure Following Board Meeting

19 Nov 2024 10:03 CET

Powerpool Mining SL convened a board meeting today, during which the Board of
Directors approved an expanded mandate for the CEO to take on greater price
exposure risk through tactical allocation between cryptocurrencies for the
entity's free funds.

The decision was driven by several key factors:

- November is projected to set a record monthly performance for the pools
operation.

- The past week saw a new daily net revenue record of 130 945 NOK.

- Current market conditions, including high price volatility, price
discrepancies across exchanges, record hash rates, all-time high cryptocurrency
prices, and significant user growth, make tactical allocation between select
coins particularly attractive.

The company will not inform the market until a new daily record beats the
previous record by a large margin. Readers are reminded that daily net revenue
fluctuates, and that a record daily revenue should not be read as an indication
of run-rate daily revenues.

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