Worksport Reports Strong Q2 2025 Update: Doubles Bitcoin Holdings, Expands Production Capacity, and Advances OEM Discussions

Worksport, a US-based manufacturer of hybrid and clean energy solutions, has announced several updates including doubling its Bitcoin holdings, doubling its production capacity, and initiating discussions with new automotive OEMs. The company's revenue trajectory, cash flow, and profitability remain its primary focus, but modest cryptocurrency exposure is seen as a long-term risk mitigation strategy. Worksport believes its current infrastructure can support over $50 million in annual output, with the new equipment expected to raise this capacity to over $100 million.

Worksport Ltd. (NASDAQ: WKSP), a U.S.-based manufacturer of hybrid and clean energy solutions, has recently announced several strategic updates that signal continued growth and innovation. The company's latest announcements include doubling its Bitcoin holdings, expanding production capacity, and initiating discussions with new automotive original equipment manufacturers (OEMs).

Bitcoin Holdings and Treasury Strategy

Worksport has officially doubled its Bitcoin (BTC) holdings following the launch of its corporate cryptocurrency strategy in December 2024. The company's existing digital asset portfolio, which also includes XRP, has increased approximately 15% in value since the initial purchase [2]. The move is part of Worksport's long-term risk mitigation strategy, as the company views limited crypto exposure as a hedge against inflation and monetary devaluation.

Production Capacity Expansion

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, designed to integrate with existing systems at the company's ISO 9001:2015-certified West Seneca, NY facility, will raise the company's annual output capacity from over $50 million to over $100 million. The favorable financing terms and deferred shipping terms provide Worksport with flexibility to deploy the equipment based on sales acceleration and market demand [2].

Automotive OEM Discussions

With rising sales and expanding gross margins, Worksport has initiated conversations with two additional automotive 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. The company is optimistic that ongoing B2B engagement may lead to further commercial partnerships, recurring revenue channels, and increased brand visibility in future years [2].

Looking Ahead

Worksport remains focused on executing its strategic roadmap, with record-breaking monthly production and accelerating sales growth. The company's upcoming launch of the COR portable energy system and SOLIS solar tonneau cover is projected for Fall 2025, targeting a $13 billion market. Further updates, including Q2 2025 earnings and a COR/SOLIS product roadmap, will be shared in the coming weeks [2].

References

[1] https://bitcoinist.com/if-bitcoin-hits-1m-this-could-be-americas-biggest-public-firm/
[2] https://www.globenewswire.com/news-release/2025/08/07/3129345/0/en/Worksport-WKSP-Issues-Corporate-Update-Bitcoin-Holdings-Double-Production-Capacity-Scales-New-Automotive-OEM-Discussions-and-Brand-Visibility-Initiatives.html