Worksport Doubles Bitcoin Holdings, Boosts Production Capacity, and Pursues New OEM Partnerships

Worksport (WKSP) has doubled its Bitcoin holdings, achieving a 15% value increase. The company will increase production capacity from $50 million to over $100 million annually, supported by favorable financing terms. Worksport has also initiated discussions with two additional automotive OEMs, complementing an existing pilot program. These developments position the company for substantial growth in Q3 and Q4 2025.

Worksport Ltd. (WKSP), a U.S.-based manufacturer of hybrid and clean energy solutions, has reported significant advancements in its strategic initiatives. The company doubled its Bitcoin holdings, achieved a 15% increase in value, and is set to expand its production capacity from $50 million to over $100 million annually. Additionally, Worksport has initiated discussions with two new automotive original equipment manufacturers (OEMs), complementing an existing pilot program. These developments position the company for substantial growth in Q3 and Q4 2025.

Following the launch of its corporate cryptocurrency strategy in December 2024, Worksport has officially doubled its Bitcoin (BTC) holdings. The Company notes that its existing digital asset portfolio—comprised of Bitcoin and XRP—has increased approximately 15% in value since the initial purchase [1]. This modest cryptocurrency exposure aligns with the company's long-term risk mitigation philosophy, with a focus on growing its core manufacturing business.

Worksport is pleased to announce it has placed a deposit on the acquisition of a state-of-the-art custom manufacturing machine capable of doubling its current production output. The machine is designed to integrate with existing systems at the Company’s ISO 9001:2015-certified West Seneca, NY facility. Favorable financing terms and deferred shipping provide Worksport with flexibility to deploy the equipment based on sales acceleration and market demand. The Company believes its current infrastructure can support more than $50 million in annual output, with the new equipment expected to raise this capacity to over $100 million [1].

With rising sales, expanding gross margins, and increasing interest in the Company’s clean-tech product line, Worksport has initiated conversations with two additional automotive original equipment manufacturers (OEMs). These outreach efforts build on existing traction, including a paid pilot program with a top-15 U.S. construction company for Worksport’s COR and SOLIS products [1]. Management is optimistic that ongoing B2B engagement may lead to further commercial partnerships, recurring revenue channels, and increased brand visibility in future years for Worksport.

Worksport remains focused on executing its strategic roadmap, with a projected year-end revenue target of $20 million. The Company’s upcoming launch of the COR portable energy system and SOLIS solar tonneau cover is projected for Fall 2025, is expected to unlock a new, high-margin product vertical targeting a $13 billion market [1].

References:
[1] https://investors.worksport.com/post/worksport-wksp-issues-corporate-update-bitcoin-holdings-double-production-capacity-scales-new-automotive-oem-discussions-and-brand-visibility-initiatives