Hyper Bit Announces Convertible Debenture Financing to Order up to 100 Next Gen Elphapex DG2 Crypto Miners and the Arrival of Initial 20 DG1+ Miners at Quebec Facility

Core Viewpoint - Hyper Bit Technologies Ltd. is planning a non-brokered private placement of unsecured convertible debentures totaling up to $521,525, while canceling a previous loan agreement of $453,500 [1][2]. Group 1: Offering Details - The debentures will be non-interest bearing and issued at a 15% original issue discount, maturing three months from issuance [2]. - The principal amount can be converted into units at a price of $0.30 per unit, at the holder's option, before the maturity date [2]. - Each unit consists of one common share and one warrant, with the warrant allowing the purchase of one common share at $0.40 for 36 months [3]. Group 2: Use of Proceeds - Proceeds from the offering will be used to facilitate an order of up to 75 additional ElphaPex DG2 miners, bringing the total to 100 miners [3]. Group 3: Company Operations - The initial order of 20 ElphaPex DG1+ miners has arrived at the Quebec facility, with installation and optimization for mining Dogecoin and Litecoin expected to commence shortly [6][7]. - The ElphaPex DG2 miners are noted for their high efficiency, with a maximum hash rate of 18 GH/s and power consumption of 3960W, resulting in a power efficiency of 0.22j/Mh [7]. Group 4: Company Overview - Hyper Bit Technologies Ltd. specializes in crypto mining operations and blockchain innovations, aiming to unlock value in the crypto ecosystem amid rising global interest in digital assets [10].