Nova Labs has a new CEO, a lighter portfolio, and a lot of explaining to do. Mario Di Dio, who stepped into the top job at the company behind the Helium decentralized wireless network around June 4-5, is set to lay out his vision in a fireside chat hosted by Blockworks on June 17.
The conversation comes at a moment when practically everything about Helium’s corporate structure has shifted in the span of a single week. The company sold its consumer wireless arm, leadership changed hands, and HNT, the network’s native token, has continued its long slide from all-time highs.
What happened at Nova Labs
On June 2, Nova Labs sold Helium Mobile, its consumer wireless service, to Noble Mobile. Noble is the telecommunications venture founded by Andrew Yang, the entrepreneur and former US presidential candidate.
The deal strips Nova Labs of its direct-to-consumer offering but does not touch the broader Helium decentralized wireless network itself. Noble Mobile’s acquisition integrates Helium Mobile’s subscriber base into its own ecosystem.
