Core Points - Hyper Bit Technologies Ltd. has successfully closed a non-brokered private placement of unsecured convertible debentures totaling $512,450.77, receiving gross proceeds of $435,583.15 after a 15% original issue discount [1][2]. Group 1: Financial Details - The debentures are non-interest bearing and will mature three months from the issuance date, with the option for conversion into units at a price of $0.30 per unit [2]. - Each unit consists of one common share and one warrant, with each warrant allowing the purchase of one common share at $0.40 for a period of 36 months [3]. - The company paid a finder fee of $4,462.50 in connection with the offering [4]. Group 2: Use of Proceeds - Proceeds from the offering will be used to order up to 75 ElphaPex DG2 miners and for general working capital purposes [5]. Group 3: Company Strategy - The financing is aimed at strengthening the company's financial position as it prepares to acquire Dogecoin Mining Technologies and transition into active mining operations [4]. - The company is focused on preparing infrastructure and securing next-generation mining equipment to scale operations efficiently [4]. 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 [7]. - The company is a member of the Blockchain Association of Canada and the American Blockchain & Cryptocurrency Association [7].