Hyper Bit Secures Loan for DOGE and LTC Crypto Miner Purchase
Hyper Bit Technologies (OTC:HYPAF) has secured a loan agreement with an arm's length lender to purchase ten ElphaPex DG1+ Miners for mining Dogecoin (DOGE) and Litecoin (LTC). The mining equipment will be installed at an 11 MW renewable energy powered facility in Quebec, Canada.
CEO Dallas La Porta emphasized the company's progress in both crypto mining operations and cryptocurrency treasury asset acquisition. The company is also advancing towards a definitive agreement to acquire Dogecoin Mining Technologies Ltd. The initiative aligns with Hyper Bit's strategy to provide investors with comprehensive exposure to the cryptocurrency sector through strategic partnerships and financing.
Hyper Bit Technologies (OTC:HYPAF) ha ottenuto un accordo di prestito con un finanziatore indipendente per l'acquisto di dieci miner ElphaPex DG1+ destinati all'estrazione di Dogecoin (DOGE) e Litecoin (LTC). L'attrezzatura mineraria sarà installata in una struttura da 11 MW alimentata da energia rinnovabile in Quebec, Canada.
Il CEO Dallas La Porta ha sottolineato i progressi della società sia nelle operazioni di mining di criptovalute sia nell'acquisizione di asset in criptovalute per la tesoreria. L'azienda sta inoltre avanzando verso un accordo definitivo per acquisire Dogecoin Mining Technologies Ltd. Questa iniziativa è in linea con la strategia di Hyper Bit di offrire agli investitori un'esposizione completa al settore delle criptovalute tramite partnership strategiche e finanziamenti.
Hyper Bit Technologies (OTC:HYPAF) ha asegurado un acuerdo de préstamo con un prestamista independiente para adquirir diez mineros ElphaPex DG1+ para la minería de Dogecoin (DOGE) y Litecoin (LTC). El equipo de minería se instalará en una instalación de 11 MW alimentada por energía renovable en Quebec, Canadá.
El CEO Dallas La Porta destacó el progreso de la compañía tanto en operaciones de minería de criptomonedas como en la adquisición de activos de tesorería en criptomonedas. La empresa también avanza hacia un acuerdo definitivo para adquirir Dogecoin Mining Technologies Ltd. Esta iniciativa se alinea con la estrategia de Hyper Bit de ofrecer a los inversores una exposición integral al sector de las criptomonedas mediante asociaciones estratégicas y financiamiento.
Hyper Bit Technologies (OTC:HYPAF)는 독립 대출 기관과 대출 계약을 체결하여 10대의 ElphaPex DG1+ 채굴기를 구매하여 도지코인(DOGE)과 라이트코인(LTC)을 채굴할 예정입니다. 채굴 장비는 캐나다 퀘벡의 11MW 재생 에너지 기반 시설에 설치됩니다.
CEO Dallas La Porta는 암호화폐 채굴 운영과 암호화폐 자산 확보에서 회사가 이룬 진전을 강조했습니다. 회사는 또한 Dogecoin Mining Technologies Ltd 인수를 위한 최종 계약을 추진 중입니다. 이 사업은 전략적 파트너십과 자금 조달을 통해 투자자들에게 암호화폐 부문에 대한 포괄적 노출을 제공하려는 Hyper Bit의 전략과 부합합니다.
Hyper Bit Technologies (OTC:HYPAF) a conclu un accord de prêt avec un prêteur indépendant pour l'achat de dix mineurs ElphaPex DG1+ destinés à l'extraction de Dogecoin (DOGE) et Litecoin (LTC). Le matériel de minage sera installé dans une installation de 11 MW alimentée par des énergies renouvelables à Québec, Canada.
Le PDG Dallas La Porta a souligné les progrès de l'entreprise tant dans les opérations de minage de cryptomonnaies que dans l'acquisition d'actifs en cryptomonnaies pour la trésorerie. La société progresse également vers un accord définitif pour acquérir Dogecoin Mining Technologies Ltd. Cette initiative s'inscrit dans la stratégie de Hyper Bit visant à offrir aux investisseurs une exposition complète au secteur des cryptomonnaies grâce à des partenariats stratégiques et des financements.
Hyper Bit Technologies (OTC:HYPAF) hat eine Darlehensvereinbarung mit einem unabhängigen Kreditgeber abgeschlossen, um zehn ElphaPex DG1+ Miner für das Mining von Dogecoin (DOGE) und Litecoin (LTC) zu erwerben. Die Mining-Ausrüstung wird in einer 11 MW-Anlage mit erneuerbarer Energie in Quebec, Kanada installiert.
CEO Dallas La Porta betonte die Fortschritte des Unternehmens sowohl im Bereich Krypto-Mining als auch bei der Akquisition von Kryptowährungsbeständen für die Firmenkasse. Das Unternehmen arbeitet zudem auf eine endgültige Vereinbarung zur Übernahme von Dogecoin Mining Technologies Ltd hin. Diese Initiative entspricht der Strategie von Hyper Bit, Investoren durch strategische Partnerschaften und Finanzierung eine umfassende Beteiligung am Kryptowährungssektor zu bieten.
- Expansion into crypto mining with professional-grade ASIC miners
- Mining facility powered by renewable energy, reducing operational costs
- Strategic move towards acquiring Dogecoin Mining Technologies Ltd
- Diversification into both mining operations and crypto treasury assets
- Increased debt burden through new loan agreement
- Initial purchase limited to only 10 mining rigs
- High dependency on volatile cryptocurrency market prices
Vancouver, British Columbia--(Newsfile Corp. - July 7, 2025) - HYPER BIT TECHNOLOGIES LTD. (CSE: HYPE) (OTC Pink: HYPAF) (FSE: N7S0) (the "Company" or "Hyper Bit") announces that it has executed a Loan Agreement with an arm's length lender to be allocated towards the purchase of an initial ten (10) ElphaPex DG1+ Miners for the mining of Dogecoin ("DOGE") and Litecoin ("LTC") as previously announced on May 7th, May 16th, 2025, and May 20th. The ElphaPex DG1+ miners will be installed and professionally managed at the 11 MW renewable energy powered facility in Quebec, Canada.
Figure 1. ElphaPex DG1+ Dogecoin and Litecoin Mining Computer or "Rig"
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6634/257879_fa5e499c54a47a4d_001full.jpg
Mr. Dallas La Porta, President, CEO and Director of Hyper Bit Technologies Ltd. stated: "We are rapidly moving forward in both of our primary verticals, crypto mining and acquiring crypto currencies as treasury assets. We are progressing towards executing a definitive agreement to acquire Dogecoin Mining Technologies Ltd. through our initial ElphaPex crypto miner purchase and ongoing due diligence. These high efficiency ASIC mining rigs will be shipped to and deployed at the professionally managed, renewable power facility to commence Dogecoin and Litecoin mining operations. We continue to be bullish on Bitcoin and the crypto markets and are moving to build our crypto treasury through strategic partnerships and financing, providing investors with comprehensive and compliant exposure to the crypto currency sector."
Figure 2. Dogecoin Mining Technologies 11 MW Crypto Co-Hosting Facility - Quebec, Canada
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6634/257879_fd73d998d44a896d_001full.jpg
About the Loan
The Company has executed loan agreements with 3 arm's length lenders on June 18th 2025 and July 4th 2025, for a combined CAD
About Hyper Bit Technologies Ltd.
Hyper Bit Technologies Ltd. is a forward-thinking, diversified technology company specializing in the acquisition, development, and strategic deployment of crypto mining operations and blockchain-based innovations. As global interest in digital assets accelerates-driven by the rise of blockchain, decentralized finance (DeFi), and increasing institutional and retail adoption-Hyper Bit is committed to unlocking value across the crypto ecosystem while delivering growth for our stakeholders. Hyper Bit Technologies Ltd. is a member of the Blockchain Association of Canada and the American Blockchain & Cryptocurrency Association.
Stay informed on our latest developments by subscribing to Company updates at Hyperbit.ca and follow us across our social media channels: X.com, TikTok, Instagram, and LinkedIn. Hyper Bit Technologies Ltd. is publicly listed in Canada (CSE: HYPE), the USA (OTC Pink: HYPAF) and in Europe (FSE: N7S0).
ON BEHALF OF THE BOARD
(Signed) "Dallas La Porta"
Dallas La Porta, President, CEO and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-602-4935
Facsimile: 1-604-602-4936
e-mail: team@hyperbit.ca
FORWARD-LOOKING STATEMENTS:
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release includes statements related to the Proposed Transaction and related matters. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
No investment is without risk. Crypto currencies are particularly volatile and therefore particularly risky. Companies that are developing technologies and investing in crypto mining can potentially be adversely affected by its inherent volatility. Readers are cautioned to always consult an investment advisor to determine if an opportunity is right for you.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257879
FAQ
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