Greenwave Tech Solutions Inc (GWAV)

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As the industry could be headed toward consolidation, Greenwave Technology Solutions (NASDAQ:GWAV) is undertaking an aggressive expansion strategy to ramp up its capacity and meet the growing demands of major U.S. steel mills.

Greenwave is a leading metal recycling facilities operator with locations across Virginia and North Carolina that collect, classify and process raw scrap metal to supply major steel mills and foundries. The metal recycler has reported achieving significant growth in the first half of this year as heavy investments in infrastructure began to pay off, with the company generating $1.23 million in positive cashflows from operations during the six months ended June 30, 2023 - a new record for the company.