Mr. Dallas La Porta reports
HYPER BIT SECURES LOAN FOR DOGE AND LTC CRYPTO MINER PURCHASE
Hyper Bit Technologies Ltd. has executed a loan agreement with an arm's-length lender to be allocated toward the purchase of an initial 10 ElphaPex DG1+ miners for the mining of dogecoin (DOGE) and litecoin (LTC) as previously announced on May 7, May 16, 2025, and May 20. The ElphaPex DG1+ miners will be installed and professionally managed at the 11-megawatt renewable energy powered facility in Quebec, Canada.
Dallas La Porta, president, chief executive officer and director of Hyper Bit Technologies, 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."
About the loan
The company has executed loan agreements with three arm's-length lenders on June 18, 2025, and July 4, 2025, for a combined $160,000 to be allocated toward the purchase of an initial 10 ElphaPex DG1+ miners for the mining of dogecoin (DOGE) and litecoin (LTC) as previously announced on May 7, May 16, 2025, and May 20, and for working capital. The loan will bear 10-per-cent interest per annum and a 15-per-cent loan fee shall be applied.
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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