23:03:01 EDT Wed 24 Jun 2026
Enter Symbol
or Name
USA
CA



Hyper Bit Technologies Ltd
Symbol HYPE
Shares Issued 32,694,242
Close 2026-06-24 C$ 0.13
Market Cap C$ 4,250,251
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Hyper Bit amends deal to acquire Dogecoin Mining

2026-06-24 18:19 ET - News Release

Mr. Dallas La Porta reports

HYPER BIT TECHNOLOGIES ANNOUNCES AMENDED AGREEMENT FOR ACQUISITION OF DOGECOIN MINING TECHNOLOGIES CORP.

Effective June 22, 2026, Hyper Bit Technologies Ltd. has entered into an amended and restated share purchase agreement (the A&R SPA) with Dogecoin Mining Technologies Corp. (DCMT) and each of the holders of common shares in the capital of DCMT. The A&R SPA replaces and supersedes the original share purchase agreement dated Aug. 19, 2025, entered into among the company, DCMT and the DCMT shareholders.

Pursuant to the terms and conditions of the A&R SPA the company will acquire 45,999 DCMT shares (the target shares). As consideration for the acquisition of the target shares and in accordance with the terms and conditions of the A&R SPA, the company will:

  • Issue the DCMT shareholders such number of common shares in the capital of the company that is equal to $896,834 divided by 13.5 cents per consideration share, or such other price as may be mutually agreed to by the company and DCMT;
  • In the event the company and DCMT have cumulative EBITDA (earnings before interest, taxes, depreciation and amortization) greater than $180,000 within the one-year period following the completion of the acquisition, the company will issue the DCMT shareholders additional consideration shares with an aggregate value equal to 4.0 times all cumulative EBITDA generated in excess of $180,000, with such consideration shares being issued at a price equal to the 20-day volume-weighted average trading price of the common shares in the capital of the company ending on the trading day immediately prior to the date of issuance, up to a maximum of six million additional consideration shares.

Concurrently with the execution of the A&R SPA the company entered into a debt settlement agreement with DCMT pursuant to which DCMT will issue the company 15,333 DCMT shares at a deemed price of $32.49 per DCMT share in satisfaction of outstanding debt in the sum of $498,241 owed to the company.

Following the completion of the acquisition and the debt settlement the company will hold 100 per cent of the issued and outstanding DCMT shares and DCMT will be a wholly owned subsidiary of the company. The acquisition and the debt settlement are subject to a number of customary closing conditions. There can be no guarantees that either the acquisition or the debt settlement will be completed as contemplated or at all.

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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