Business
MineHub Achieves Record Revenue in Q1-2025 with Accelerating Customer Activity
MineHub achieved record revenue of $776K in Q1-2025, representing an increase of 127% compared to...
About this update from Minehub Technologies, Inc.
[{"type":"text","content":"MineHub Achieves Record Revenue in Q1-2025 with Accelerating Customer ActivityMineHub achieved record revenue of $776K in Q1-2025, representing an increase of 127% compared to Q1-2024. This included $300K non-recurring revenue from the completion of a successful development projectMineHub is witnessing accelerating customer activity with several industry leaders including Codelco, Sumitomo, Surecomp and Southwire. The Company has now expanded its ecosystem to over 165 companies connected to MineHub's network at the end of Q1-Fiscal 2025.Vancouver, British Columbia--(Newsfile Corp. - June 26, 2024) - MineHub Technologies Inc. (TSXV: MHUB) (OTCQB: MHUBF) (\"MineHub\" or the \"Company\"), a leading provider of digital supply chain solutions for the commodity markets, is pleased to announce it has filed its interim financial statements (the \"Interim Financial Statements\") and management's discussion and analysis (the \"MD&A\") for the three months ended April 30, 2024. Copies of the Interim Financial Statements and MD&A are available on the Company's profile on SEDAR+ at www.sedarplus.ca. Andrea Aranguren, President and CEO of MineHub, commented, \"The first quarter of fiscal 2025 was a remarkable period for MineHub, characterized by record revenue and strategic accomplishments. We launched our Business Confirmations Module and secured a services agreement with a major Canadian bank. The long-term opportunities for MineHub are vast as we continue to implement our strategy of delivering enhanced value to customers and expanding our ecosystem, which are the foundation for further sales growth and profitability. The Company is establishing a first mover advantage with MineHub actively working with over 165 companies including many industry leaders.\" Accelerating Customer ActivityMineHub has been able to attract high calibre companies to its network, including companies such as: Codelco, the largest copper producer in the world; Sumitomo one of the largest movers of metal throughout the world; and Southwire, one of the largest cable and wire manufacturers in the world. After a new anchor customer is onboarded, MineHub then integrates the customer's supply chain counterparties or ecosystem partners to the MineHub network. The Company has now grown to over 165 ecosystem partners on its network at the end of April 30, 2024, comp...