Mr. Dallas La Porta reports

HYPER BIT ANNOUNCES CLOSING OF CONVERTIBLE DEBENTURE FINANCING

Further to its news release dated Sept. 2, 2025, Hyper Bit Technologies Ltd. has closed its non-brokered private placement of unsecured convertible debentures with a principal amount of $512,450.77. The debentures were issued at an original issue discount equal to 15 per cent of the principal amount, resulting in the company receiving $435,583.15 in gross proceeds.

The debentures are non-interest-bearing and mature on the date that is three months from the date of issuance. On the maturity date, the company has the right to convert the principal amount, less the OID, into units of the company at a price of 30 cents per unit. Further, the principal amount, less the OID, may be converted into units at the conversion price, in whole or in part, at the option of the holder, at any time following the date of issuance but on or before the maturity date.

Each unit will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire one common share at a price of 40 cents per warrant share for a period of 36 months from the date of issuance.

Dallas La Porta, president and chief executive officer of Hyper Bit Technologies, commented: "This financing strengthens our financial position as we move toward completing the acquisition of Dogecoin Mining Technologies and transitioning into active mining operations. Our immediate focus is on preparing infrastructure and securing next-generation mining equipment, ensuring we're ready to scale quickly and efficiently."

In connection with the offering, the company paid an aggregate cash finder's fee of $4,462.50 to an arm's-length finder.

The company intends to use the proceeds from the offering to facilitate an order of up to an additional 75 ElphaPex DG2 miners and for general working capital purposes.

All securities issued in connection with the offering are subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws.

About Hyper Bit Technologies Ltd.

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. 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 the company's stakeholders. Hyper Bit Technologies is a member of the Blockchain Association of Canada and the American Blockchain & Cryptocurrency Association.

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