Business
Hyper Bit Secures Loan for DOGE and LTC Crypto Miner Purchase
Hyper Bit Secures Loan for DOGE and LTC Crypto Miner
About this update from Hyper Bit Technologies Ltd.
[{"type":"text","content":"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.jpgMr. 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, CanadaTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6634/257879_fd73d998d44a896d_001full.jpgAbout the LoanThe Company has executed loan agreements with 3 arm's length lenders on June 18th 2025 and July 4th 2025, for a combined CAD $160,000 to be allocated towards the purchase of an initial ten ElphaPex DG1+ Miners for the mining of Dogecoin (\"DOGE\") and Litecoin (\"LTC\") as previously announced on May 7th, May 16th, 2025, and May 20th and for working capital. The loan will bear 10% interest per annum and a 15% loan fee shall be applied.About Hyper Bit Technologies Ltd. Hyper Bit Technologies Ltd....