Enerhash Prepares for Listing
Image courtesy of Budapest Stock Exchange (BÉT)
Enerhash Technologies, a Hungarian startup that has developed a way to use the excess capacity of renewable energy plants to power cryptocurrency mining operations, is making preparations "at full speed" to list its shares on the Xtend platform of the Budapest Stock Exchange, the company said on Friday, according to a report by state news wire MTI.
Enerhash, set up in 2021, has already attracted close to HUF 3bn in private investment money for infrastructure development.
Last year, its revenue reached HUF 510 million, and it plans to double that in 2023.
Enerhash has over 1,000 servers and aims to double that number this year.
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