Welcome to our dedicated page for Hello Pal Intl news (Ticker: HLLPF), a resource for investors and traders seeking the latest updates and insights on Hello Pal Intl stock.
Hello Pal International (HLLPF) delivers innovative solutions at the intersection of social connectivity and cryptocurrency through its live-streaming platforms and mining operations. This news hub provides investors and industry observers with timely updates on strategic developments across the company's dual focus areas.
Access authoritative reporting on HLLPF's crypto mining expansions, platform enhancements, and market adaptations. Our curated news collection features press releases about mining capacity upgrades, cryptocurrency trading strategies, and operational adjustments in key regions like the Middle East.
Key coverage areas: cryptocurrency production metrics, live-streaming service updates, language learning feature developments, and financial performance indicators. Bookmark this page for verified updates on hardware deployments, regulatory compliance measures, and partnership announcements directly from corporate communications.
For stakeholders monitoring HLLPF's unique position in both social technology and digital asset markets, this resource offers comprehensive tracking of material developments. Return regularly for unfiltered access to primary source documents and analysis-free reporting on company milestones.
Hello Pal International Inc. reported $2,494,456 CAD in revenue for April 2021, marking an increase of over ¥1,000,000 CNY from March. This revenue is the fifth consecutive month surpassing $2 million CAD, with a gross margin of 14%. Despite challenges in traffic from the Middle East due to Ramadan, the company continues to grow in its live-streaming and social-crypto sectors. Operating under a CAD/CNY exchange rate of 5.27, Hello Pal emphasizes its mission to foster global communication through language learning and social interaction.
Hello Pal International has successfully closed a brokered private placement of 5,800,000 subscription receipts at C$1.25 each, raising gross proceeds of C$7,250,000. The funds will support the acquisition of a 51% interest in Crypto Pal and expand its live-streaming services. CEO KL Wong highlighted strong investor support, reflecting confidence in the company's growth strategy. The funds are placed in escrow pending the completion of regulatory conditions, with a potential release by May 31, 2021. If conditions are not met, proceeds will be returned to investors.
Hello Pal International Inc. has signed a purchase agreement to acquire a 51% interest in 12,500 mining rigs for Dogecoin and Litecoin for C$1.5 million in cash and 1.8 million units valued at C$2.25 million. The mining assets will provide a hash rate of 6.25 TH/s. A Guaranteed Services Agreement with Yitang will ensure hosting across multiple locations to mitigate risks. The Company has the option to acquire an additional 49% stake within two years. Completion is expected by the end of April 2021, pending due diligence and approvals.
Hello Pal International Inc. reported a revenue of $2,309,889 CAD for February 2021, marking its third consecutive month surpassing $2,000,000. This month's revenue is the second highest achieved and exceeded expectations despite the traditionally low Lunar New Year revenue period. The company noted a 15% gross margin and an increase in non-China revenue, which now constitutes 16% of total revenue, up from 10% in the previous month. Additionally, daily livestreamers from outside China now outnumber those within.
Hello Pal International Inc. (HLLPF) reported a surge in website traffic exceeding 1000% after announcing its investment into a dedicated Dogecoin and Litecoin mining facility, believed to be the largest in the world. The company acquired a 15% interest in the mining facility and an initial 51% stake in mining rigs, which could increase to 100%. Despite a temporary website outage due to server overload, the company's apps remained unaffected. The acquisitions aim to enhance its presence in the cryptocurrency space and support user growth.
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