Hyper Bit Secures Loans to Fund Crypto Miner Purchases and Treasury Expansion
ByAinvest
Monday, Jul 21, 2025 7:36 pm ET1min read
DOGE--
The company has entered into loan agreements with four arm's length vendors, totaling CAD $453,500. The loans are subject to a loan fee of 15% and bear interest at 10% per annum. They are convertible at the lender's election into $0.30 units, each consisting of one common share and one whole common share purchase warrant exercisable at $0.40 for a period of 36 months from the date of conversion [1].
Hyper Bit Technologies is a forward-thinking, diversified technology company specializing in the acquisition, development, and strategic deployment of crypto mining operations and blockchain-based innovations. The company is committed to unlocking value across the crypto ecosystem while delivering growth for its stakeholders [1].
The company's objective is to scale up its mining capacity by adding 100 miners within the next 60 days. The ElphaPex DG1+ miners will be installed and professionally managed at a third-party-owned, 11 MW renewable energy-powered facility in Quebec, Canada [1].
Hyper Bit Technologies has appointed Mr. Daryn Gordon as its new Chief Financial Officer (CFO). Mr. Gordon is a Chartered Professional Accountant (CPA, CA) with over two decades of finance and accounting experience [1].
The company is also attending the Crypto-Miners Forum hosted by Access Blockchain Association on July 23, 2025, and the Malaysia "MYBW" Blockchain week Conference this weekend hosted at the World Trade Centre Kuala Lumpur (WTCKL) [1].
References:
[1] https://www.newsfilecorp.com/release/259532
[2] https://www.newsfilecorp.com/release/259409
Hyper Bit Technologies has secured CAD $453,500 in loans to purchase additional crypto miners and add to its crypto treasury. The company aims to acquire 100 ElphaPex DG1+ miners within 60 days for mining Dogecoin and Litecoin. The loans will be used for general working capital and bear interest at 10% per annum. Hyper Bit Technologies is also exploring a strategic acquisition of Dogecoin Mining Technologies Ltd. and attending the Crypto-Miners Forum hosted by Access Blockchain Association.
Hyper Bit Technologies Ltd. (CSE: HYPE) has secured CAD $453,500 in loans to purchase additional crypto miners and expand its crypto treasury. The company aims to acquire 100 ElphaPex DG1+ miners within 60 days for mining Dogecoin (DOGE) and Litecoin (LTC). The loans will be used for general working capital and bear interest at 10% per annum. Hyper Bit Technologies is also exploring a strategic acquisition of Dogecoin Mining Technologies Ltd. and attending the Crypto-Miners Forum hosted by Access Blockchain Association [1].The company has entered into loan agreements with four arm's length vendors, totaling CAD $453,500. The loans are subject to a loan fee of 15% and bear interest at 10% per annum. They are convertible at the lender's election into $0.30 units, each consisting of one common share and one whole common share purchase warrant exercisable at $0.40 for a period of 36 months from the date of conversion [1].
Hyper Bit Technologies is a forward-thinking, diversified technology company specializing in the acquisition, development, and strategic deployment of crypto mining operations and blockchain-based innovations. The company is committed to unlocking value across the crypto ecosystem while delivering growth for its stakeholders [1].
The company's objective is to scale up its mining capacity by adding 100 miners within the next 60 days. The ElphaPex DG1+ miners will be installed and professionally managed at a third-party-owned, 11 MW renewable energy-powered facility in Quebec, Canada [1].
Hyper Bit Technologies has appointed Mr. Daryn Gordon as its new Chief Financial Officer (CFO). Mr. Gordon is a Chartered Professional Accountant (CPA, CA) with over two decades of finance and accounting experience [1].
The company is also attending the Crypto-Miners Forum hosted by Access Blockchain Association on July 23, 2025, and the Malaysia "MYBW" Blockchain week Conference this weekend hosted at the World Trade Centre Kuala Lumpur (WTCKL) [1].
References:
[1] https://www.newsfilecorp.com/release/259532
[2] https://www.newsfilecorp.com/release/259409
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