Mitesco, Inc. (OTC-QB: MITI) announced plans to significantly expand its business with three new initiatives: assembling a team of digital currency experts, launching a managed services offering in Q4 FY2025, and expanding its application software development team. The company believes these efforts could enable it to move to a senior exchange such as NYSE or Nasdaq during FY2026.
CEO Mack Leath stated that Mitesco has become increasingly engaged in digital currency growth internationally. The company recently announced its data center capabilities will include digital currency processing and is reviewing configuration needs and software applications. Leath expects to announce the appointment of a team to advise and create a strong presence in the digital currency arena, including senior executives from existing digital currency operators, legal counsel, and an investment banking partner.
In conjunction with its Centcore data center subsidiary, Mitesco will begin offering fully managed services in Q4 FY2025, including support for corporate licensed solutions from Microsoft, SAP, and other providers, as well as home-grown applications. Brian Valania, General Manager of Centcore, noted the company is evaluating the market for AI-based solutions and will offer a "fractional A.I." service package for smaller developers at attractive costs, with incentives for hosting at Centcore centers. Centcore is already a partner with ESRI, the leading provider of GIS solutions.
Mitesco will also expand its internal application software development resources by adding senior consultants and application-specific staff for both internal needs—such as the Robo Agent AI-driven sales automation platform and a new sports property marketplace—and third-party projects hosted at its data centers. The company will prioritize development for clients hosted in its data center locations.
Leath emphasized that Mitesco remains active in its acquisition strategy, targeting complementary businesses in software, data center services, and emerging tech verticals to enhance scale and support long-term margin expansion. The company expects to make additions to its staff and Board to support these goals and believes it may be able to move its share listing to a senior exchange, and possibly an international exchange, during FY2026. However, Leath cautioned that success is subject to the availability of growth capital at attractive terms and internal performance.
