Hyper Bit Announces Strategic Advisory Addition and Execution of Loan Agreements

Core Insights - Hyper Bit Technologies Ltd. has appointed Mr. Dominic Davis as an advisor, launched a new corporate website, and executed loan agreements totaling CAD $100,100 for working capital [1][5]. Company Developments - Mr. Davis has extensive experience in the crypto ecosystem, including venture investing and business development, and currently works with a leading blockchain infrastructure protocol [2]. - The company anticipates commencing mining operations for Dogecoin and Litecoin soon, with plans to purchase up to 100 next-generation ElphaPex DG2 miners expected to be delivered in Q4 [3]. - Hyper Bit has updated its website to enhance user experience, featuring improved navigation, live cryptocurrency price tickers, and a redesigned news page [4]. Financial Agreements - The company has entered into loan agreements with four arm's length lenders, with a total amount of CAD $100,100, subject to a 15% loan fee and 10% annual interest [5]. - Hyper Bit has engaged Danayi Capital Corp. for web and marketing services at a monthly fee of USD $25,000 plus GST [7]. - The marketing agreement with Departures Capital Inc. has been amended, with a cash payment of up to USD $15,000 for additional services [8]. Company Overview - Hyper Bit Technologies Ltd. focuses on crypto mining operations and blockchain innovations, aiming to unlock value in the crypto ecosystem amid rising global interest in digital assets [10]. - The company is publicly listed in Canada (CSE: HYPE), the USA (OTC: HYPAF), and Europe (FWB: N7S0) [11].