Business
Hyper Bit Secures Loans Totalling $453,500 to Purchase Additional Crypto Miners and Add to Crypto Treasury
Hyper Bit Secures Loans Totalling $453,500 to Purchase Additional Crypto Miners and Add to Crypto
About this update from Hyper Bit Technologies Ltd.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - July 21, 2025) - HYPER BIT TECHNOLOGIES LTD. (CSE: HYPE) (OTCID: HYPAF) (FSE: N7S0) (the \"Company\" or \"Hyper Bit\") announces it has entered into loan agreements totalling CAD $453,500.00 to purchase up to an additional forty (40) crypto miners, add to the Company's crypto treasury strategy and for general working capital.The Company has set forth an objective of purchasing one hundred (100) ElphaPex DG1+ Miners for the mining of Dogecoin (\"DOGE\") and Litecoin (\"LTC\") 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.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6634/259532_faf5883c446c9b9a_001full.jpgMr. Dallas La Porta, President, CEO and Director of Hyper Bit Technologies Ltd. stated: \"I am very pleased to announce we have secured the capital needed to drive our ambitious objectives forward, advancing our dual focus strategy, cryptocurrency mining and building our crypto treasury. We are nearing a definitive agreement to acquire Dogecoin Mining Technologies Ltd., announced on May 20th, 2025, following our initial purchase of ElphaPex ASIC miners and ongoing due diligence. These miners will be deployed at a third party owned, professionally managed, renewable-energy-powered facility to begin Dogecoin and Litecoin mining operations. Our goal is to scale up our mining capacity by adding 100 miners within the next 60 days and we are well on our way to achieving this milestone. With the crypto market poised for growth, we are accelerating our treasury expansion through strategic partnerships and financing. This positions us to provide investors with compliant and comprehensive exposure to the cryptocurrency sector.\"Furthermore, Hyper Bit team members will be attending the Crypto-Miners Forum hosted by Access Blockchain Association July 23rd, 2025. To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6634/259532_faf5883c446c9b9a_002full.jpgThe Company encourages colleagues and peers to reach out to us at [email protected] if you will be attending the conference and wish to connect with one of our team members.Loan AgreementThe Company has entered into loan agree...