Hyper Bit Welcomes Technology Entrepreneur to Role of President, CEO and Director

Rhea-AI Summary

Hyper Bit Technologies Ltd. (CSE: HYPE, OTC: HYPAF) has appointed Dallas La Porta as its new President, CEO, and Director, following Robert Eadie's resignation. La Porta brings extensive experience as a serial entrepreneur and product strategist, with achievements in hardware development, including OBD-II vehicle displays and high-speed watercraft. His background includes securing medical and industrial patents, pioneering Web3 finance initiatives, and developing a decentralized early-childhood education platform using AI. La Porta's appointment comes as Hyper Bit aims to establish itself as a prominent publicly traded alt coin crypto mining company amid growing institutional interest in cryptocurrency and blockchain technologies.

Positive

• Appointment of experienced technology entrepreneur with diverse expertise in hardware, software, and Web3
• New CEO brings strong background in product development and IP protection with multiple patent wins
• Strategic timing with company's focus on crypto mining amid growing institutional interest
• CEO's experience in Web3 finance and blockchain technology aligns with company's crypto mining objectives

Negative

• Sudden leadership change with immediate resignation of previous CEO Robert Eadie
• Company appears to be in early development stages with unproven crypto mining operations
• No specific operational or financial metrics provided about current business performance

Vancouver, British Columbia--(Newsfile Corp. - June 5, 2025) - HYPER BIT TECHNOLOGIES LTD. (CSE: HYPE) (OTC Pink: HYPAF) (FSE: N7S0) (the "Company" or "Hyper Bit") announces the appointment of Mr. Dallas La Porta to role of President, CEO and Director effective immediately.

Mr. La Porta is a serial entrepreneur and product strategist who transforms bold concepts into market-defining technologies. Mr. LaPorta has Engineered category-leading hardware-from a functional heads-up display with OBD-II vehicle integration to a revolutionary high-speed watercraft. Mr. LaPorta has secured multiple IP wins, including a medical-device patent and an industrial patent underlying a top-selling consumer product. Mr. LaPorta has focused more recent years on pioneering Web3 finance, spearheading a crypto venture that tokenizes real-world assets to unlock new ownership and funding models.

Mr. La Porta is passionate about building mission-driven platforms, now developing a decentralized early-childhood education network that blends AI personalization and family involvement. Mr. La Porta bridges deep technical fluency with sharp commercial insight, managing technical teams from concept to scale while keeping a relentless focus on user experience, defensible IP, and sustainable growth. His cross-disciplinary expertise-spanning hardware design, software architecture, and go-to-market execution-equips him to provide forward-looking governance and strategic oversight to Hyper Bit Technologies Ltd.

Mr. Dallas La Porta, President, CEO and Director of Hyper Bit Technologies Ltd., stated: "I'm thrilled to join the team at Hyper Bit at this pivotal time in the Company's development. Hyper Bit is looking to position itself as one of the few publicly tradeable alt coin focused crypto miners at a time when institutional interest is trending towards crypto and blockchain based technologies. I couldn't be more excited for this new challenge and aim to bring my expertise and energy to the team and the Company."

The appointment of Mr. Dallas follows the resignation of Robert Eadie as an officer and director of the Company. The Company wishes to thank Mr. Robert Eadie for his tenure and wishes him all the best in his future endeavours.

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/254680

FAQ

Who is the new CEO of Hyper Bit Technologies (HYPAF)?

Dallas La Porta has been appointed as the new President, CEO, and Director of Hyper Bit Technologies, effective June 5, 2025.

What is Dallas La Porta's background and experience?

La Porta is a serial entrepreneur with experience in hardware development, Web3 finance, and product strategy. He has secured medical and industrial patents and developed various technologies including OBD-II vehicle displays and high-speed watercraft.

What is Hyper Bit Technologies' (HYPAF) main business focus?

Hyper Bit Technologies aims to position itself as one of the few publicly tradeable alt coin focused crypto miners, targeting the growing institutional interest in cryptocurrency and blockchain technologies.

Who did Dallas La Porta replace as CEO of HYPAF?

Dallas La Porta replaced Robert Eadie, who resigned from his positions as officer and director of Hyper Bit Technologies.

What stock exchanges is Hyper Bit Technologies listed on?

Hyper Bit Technologies is listed on the Canadian Securities Exchange (CSE: HYPE), OTC Pink Market (HYPAF), and Frankfurt Stock Exchange (FSE: N7S0).