Categories: Precious Metals
Topics: General Precious Metals

Boom! New Commodities Supply Chain Leader Hits Record Revenues

MineHub Technologies Inc. (TSX-V: MHUB)(OTC: MHUBF) — currently trading around C$0.35 per share — has announced record revenues for the second quarter of 2023. 

The company achieved quarterly revenue of $375,071 during Q2, compared to $19,826 generated in the same period of 2022, an increase of 1,792%.

MineHub is bringing a first-ever digitized solution to the multi-$billion commodities supply chain sector. The company has already inked agreements with industry leaders such as BHP, Sumitomo, and Codelco and expects to have over 130 companies on its platform by year end.

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Boom! New Commodities Supply Chain Leader Hits Record Revenues

MineHub Technologies CEO Andrea Aranguren commented on the second quarter results via press release:

“We are very pleased with the second quarter results in which we achieved record revenue and benefited from a surge in customer engagement. Furthermore, our recently announced contracts with Codelco and another large global mining company solidify MineHub's position as the leading digital provider for the commodities industry. The combination of MineHub and Waybridge earlier this year has created an inflection point which is propelling us forward with groundbreaking technology, increasing sales activity and customer wins. Through strategic cost synergies, we've also accelerated our path to anticipated profitability. Our focus on growth, innovation, and customer value continues to propel us forward as the market leader in digitizing commodity supply chains.”

In just the last few months, MineHub Technologies has:

  • Received a non-dilutive C$1M investment from Sumitomo Corp., one of Japan’s largest corporations 
  • Posted record Q2 2023 revenues following its amalgamation with Waybridge Technologies
  • Inked a transformative agreement with a global mining company, which is expected to contribute approximately C$850,000 to MHUB’s revenue over the next 12 months
  • Entered into a 3-year contract with Codelco, the world’s #1 copper producer
  • Added an AI component to its digitized commodities supply chain platform 
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The company anticipates an acceleration of user growth and revenue throughout 2023, reflecting its market-leading position among digitized commodity supply chains. 

As you’ll see in our exclusive interview coming right up, the “virality effect” for MineHub continues to be robust as demonstrated by the company’s early successes in onboarding additional companies and user bases via the synergies presented by these flagship agreements.

As promised, our own Gerardo Del Real of Junior Resource Monthly caught up with MineHub Technologies executive chairman Vince Sorace to discuss the positive quarterly results and the projected path toward profitability through accelerated customer acquisition and synergies within the Waybridge platform. Please enjoy!

For additional information on Vancouver-based MineHub Technologies Inc., be sure to contact the company’s IR department here. 

Sign up to receive updates directly from the company at the MineHub corporate website and view the 2023 Corporate Presentation here.

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