Hyper Bit Secures Loans Totalling $453,500 to Purchase Additional Crypto Miners and Add to Crypto Treasury

Core Viewpoint - Hyper Bit Technologies Ltd. has secured loans totaling CAD $453,500 to purchase additional crypto miners and enhance its crypto treasury strategy, aiming to capitalize on the growing cryptocurrency market [1][8]. Group 1: Loan Agreements - The company has entered into loan agreements with four arms-length vendors, totaling CAD $453,500, with a loan fee of 15% and an interest rate of 10% per annum [8]. - The loans are convertible at the lender's election into units priced at $0.30, each consisting of one common share and one common share purchase warrant exercisable at $0.40 for a period of 36 months from the date of conversion [8][9]. Group 2: Mining Operations - Hyper Bit aims to purchase 100 ElphaPex DG1+ miners for mining Dogecoin (DOGE) and Litecoin (LTC) within the next 60 days, to be installed at a third-party owned, renewable energy-powered facility in Quebec, Canada [2][4]. - The company is nearing a definitive agreement to acquire Dogecoin Mining Technologies Ltd., following its initial purchase of ElphaPex ASIC miners [4]. Group 3: Strategic Goals - The company is focused on scaling up its mining capacity and expanding its crypto treasury through strategic partnerships and financing, positioning itself for growth in the cryptocurrency sector [4][9]. - Hyper Bit is committed to delivering growth for stakeholders by unlocking value across the crypto ecosystem, as global interest in digital assets continues to rise [9].