Hyper Bit Completes Deposit for Hosting at Purpose Built Quebec Cyrpto Facility and Announces Convertible Debenture to Order up to 100 Next Gen DG2 Crypto Miners

Core Viewpoint - Hyper Bit Technologies Ltd. has completed a deposit for hosting at a dedicated crypto mining facility in Quebec and announced a convertible debenture to order up to 100 next-generation DG2 crypto miners [1][2][3]. Group 1: Company Developments - The company has made loans to Dogecoin Mining Technologies Corp. to finalize the deposit at an 11MW crypto mining facility in Quebec [1]. - Hyper Bit anticipates the delivery and setup of its first order of DG1+ miners and plans to begin active mining shortly [2]. - The company has revised loan agreements to facilitate the order of an additional 75 ElphaPex DG2 miners, bringing the total to 100 miners [3]. Group 2: Financial Instruments - Hyper Bit proposes a non-brokered private placement offering of unsecured convertible debentures totaling up to $521,525, with gross proceeds expected to be $453,500 [4]. - The principal amount of the debenture can be converted into units at a price of $0.30 per unit, with a maturity date set for three months following the issuance [5]. - Each unit will consist of one common share and one warrant, allowing the holder to acquire one common share at a price of $0.40 for a period of 36 months [6]. Group 3: Product Information - The ElphaPex DG2 miner is designed for mining Dogecoin and Litecoin, featuring a maximum hash rate of 18 GH/s with a power consumption of 3960W, resulting in a power efficiency of 0.22j/Mh [7][8].