02:00 PM EST, 01/23/2025 (MT Newswires) -- Greenwave Technology Solutions ( GWAV ) on Thursday said it won a contract to exclusively provide scrap metal recycling services to the city of Virginia Beach.

The contract is expected to generate over $500,000 in revenue for the company in its first year, based on estimates for 2023 scrap metal output, the company said.

Shares of Greenwave Technology were up more than 6% in recent trading.

Price: 0.44, Change: +0.03, Percent Change: +6.32