other material
confidence high
sentiment positive
materiality 0.70
Worksport doubles Bitcoin holdings, orders machine to double production capacity, projects $20M revenue
Worksport Ltd
- Bitcoin holdings doubled; existing BTC/XRP portfolio up ~15% since initial purchase in Dec 2024.
- Deposit placed on new manufacturing machine, expected to raise annual capacity from >$50M to >$100M.
- Initiated conversations with two additional automotive OEMs; existing paid pilot with top-15 US construction firm.
- Projected year-end revenue target of $20 million; Q2 earnings webcast August 13, 2025.
- COR portable energy system and SOLIS solar tonneau cover launch expected Fall 2025 targeting $13B market.