EDINBURGH, Scotland, April 25, 2024 /PRNewswire/ — Kore Digital Mining Ltd, a UK based Bitcoin mining company, announces that effective 1st May 2024, an additional 14 PH/s mining capacity will be added to its existing infrastructure.

This additional capacity will be provided by a major Bitcoin mining corporation and will be operational until 30th June 2024.

Derek Nisbet, Kore’s Founder & CEO, said – “We are pleased to work with a leading Bitcoin Miner in securing a large amount of mining capacity, for a 2 month trial period. We look forward to hopefully extending this period and engaging more with major mining corporations offering Bitcoin hashing opportunities, in the future.”

This additional 14PH/s Bitcoin mining capacity adds to the existing 2 PH/s currently operational with Kore’s own infrastructure and an additional 4 PH/s is due to be added over the next quarter, totalling 20 PH/s.

About Kore Digital Mining Ltd.

Kore Digital Mining Ltd is a U.K. based Bitcoin mining company focused on growing its hash rate and increasing infrastructure capacity with its global partners.

Kore’s mission is to provide technological resources on the Bitcoin network, enabling added blockchain security and increased decentralization.

Find out more at www.koredigitalmining.com

Contacts:

Derek Nisbet
[email protected] 
+44 0131 385 9129 

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• Revenue at all-time high of 4.1 billion euros (+8% vs. 2022)
• Adjusted EBITDA grew by 7.8%, adjusted EBIT by 12.8%  
• Strategy 2025′ gains momentum: Further growth expected, based on a strong core business and the Future Mobility, Cyber Security, Sustainability, and Artificial Intelligence focus areas

Record Revenue Exceeds Own Expectations

STUTTGART, Germany, April 25, 2024 /PRNewswire/ — 2023 was an excellent year for DEKRA. Global revenue increased significantly to an all-time high of 4.1 billion euros (+8% vs. 2022: 3.8 billion euros) – exceeding the company’s own expectations and demonstrating strong growth compared to its industry peers. Earnings grew substantially to yield adjusted EBITDA of 455.5 million euros (+7.8% vs. 2022) and adjusted EBIT of 255.3 million euros (+12.8% vs. 2022). 

On this basis, in 2024, DEKRA plans to fully exploit its early mover advantage in future technologies and newly established regulations. As its ‘Strategy 2025’ gains momentum, revenue growth is expected to be in the mid-single-digit range. By 2025, the year of the company’s 100th anniversary, DEKRA aims to be the partner of choice for cutting-edge TIC (testing, inspection, and certification) services in the growing business areas of Future Mobility, Cyber Security, Sustainability, and Artificial Intelligence (AI).

“In 2023, DEKRA once again improved its business performance – despite a tense economic and geopolitical environment,” said DEKRA CEO Stan Zurkiewicz at the company’s Annual Press Conference. “All six regions and all Service Divisions contributed to our strong sales momentum and our all-time revenue high. Our strong core businesses and our early mover advantage in future topics make us highly confident that we will grow both revenue and margins, and achieve our strategic goals.” 

While DEKRA’s Americas (+27%) and Central East Europe & Middle East (+13%) regions delivered the highest growth rates in 2023, the largest revenue in absolute terms was generated in the GSA region (Germany, Switzerland, Austria: 2.6 billion euros).

From a business area perspective, vehicle-related services continued to be the primary source of revenue. DEKRA has, once more, confirmed its role as the global market leader in vehicle testing with 31.6 million tests carried out.

Read the full version here: www.dekra.com/en/press-overview/

– Picture is available at AP –

CONTACT: 
Uta Leitner 
Phone : +49.711.7861- 2877
Fax : +49.711.7861- 2240 
E-Mail :[email protected] 
Corporate Communications
Handwerkstraße 15
70565 Stuttgart, Germany
www.dekra.com/en/press-overview

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OXFORD, England, April 25, 2024 /PRNewswire/ — Oxford-based Lucy Group Ltd, a multinational company that makes the built environment sustainable, has posted record results for the year ending 31^st December 2023. Turnover grew by 15% to £359m, while profit before tax increased by 69% to £59m.

In the Group’s electrical businesses, the improved product mix and increased proportion of smart solutions within the portfolio, coupled with the calming of raw material and logistics costs post Covid, contributed to an uplift in margins. In the Group’s real estate businesses, Lucy Properties benefited from a favourable market context for rental units, while Lucy Developments was impacted by a range of factors that affected both the affordability and delivery of new builds.

Commenting on 2023 and the year ahead, Richard Dick, Executive Chairman of Lucy Group, said:

“With a backdrop of challenging global markets and increased competition in key sectors, we have achieved a landmark performance. Our record results are a testament to our people and strategy.”

“This year saw the start of significant investment in manufacturing facilities in India, Saudi Arabia and the UAE to increase capacity and capability, as well as a new regional headquarters in Saudi Arabia. At Lucy Zodion in the UK, we have taken the decision to add production capacity in 2024 to increase output of feeder pillars and associated products for the fast-growing electric vehicle charging market.”

“Our outlook remains optimistic, despite difficult conditions in some markets and a dip in order intake towards the end of the year. We are confident in our strategy and that our focus on quality, smart products, and customer care positions us well to capitalise on the global trend toward intelligent energy infrastructure and smart city solutions. We know that competition is tough, and may increase in certain growth markets, so we must continue to adapt and remain at the forefront.”

Lucy Group’s full 2023 Annual Report & Accounts can be accessed from the Investors section of the Group website: www.lucygroup.com

Editor’s notes

Established in 1812, Lucy Group is an international group that makes the built environment sustainable. The Group has three business units: Lucy Electric, Lucy Controls and Lucy Real Estate.

Our electric businesses advance the transition to a carbon-free world with infrastructure that enables renewable energy and smart cities.

Our real estate businesses support sustainable living through responsible property development and investment.

For more information, please visit www.lucygroup.com 

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