Hyper Bit Orders Next Generation ElphaPex DG2 Miners and Launches New Community Focused Hyper Bit Game
Furthermore, the Company has been provided an update that its first orders of twenty (20) ElphaPex DG1+ miners are scheduled to be delivered to the 11MW, purpose built crypto mining facility in Quebec, Canada within the next 14 days, where the miners will be hosted and optimized for the mining of Dogecoin and Litecoin.
Mr. Dallas La Porta, President, CEO and Director of Hyper Bit Technologies Ltd. stated:"Hyper Bit will be one of the first publicly traded companies to deploy these next generation ElphaPex DG2 miners for Dogecoin and Litecoin mining. The Company is well positioned with a dual focus strategy, cryptocurrency mining and building our crypto treasury. We are greatly encouraged about the future of the crypto sector, in the wake of the recently announced White House digital asset policy report, a blueprint to establish America as the "crypto capital of the world". We have recently increased our credit facility to $2.0 Million to increase our treasury purchases of various crypto currencies and are actively increasing our crypto mining operations in this political and institutional environment that continues to favor crypto currency and block chains evolution."
About Elphapex DG2
The DG2 from ElphaPex is one of the latest cutting-edge ASIC miners for mining Dogecoin and Litecoin. The ElphaPex DG2 has one of the highest hashrates on the Scrypt Algorithm with a maximum hash rate of 18 GH/s for a power consumption of only 3960W. This results in an impressive power efficiency of 0.22j/Mh. The ElphaPex DG2 runs on the Scrypt Algorithm offering a dual mining experience for both Dogecoin ("DOGE") and Litecoin ("LTC").
Figure 1. ElphaPex DG2 mining rig for Dogecoin and Litecoin
To view an enhanced version of this graphic, please visit:
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The Company further announces it has launched its new game focused on building the Hyper Bit community. The game offers the Hyper Bit community a competitive experience within a blockchain-inspired digital World, where players compete for leaderboard rankings and earn rewards based on their performance. Stay tuned to our social accounts for competition announcements over the coming weeks and months at X.com, TikTok, Instagram, and LinkedIn.
Figure 2. Hyper Bit Game now live at https://hyperbit-game.ca/
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6634/261262_796d8f57e449dbab_003full.jpg
About Hyper Bit Technologies Ltd.
Hyper Bit Technologies Ltd. is a forward-thinking, diversified technology company specializing in the acquisition, development, and strategic deployment of crypto mining operations and blockchain-based innovations. As global interest in digital assets accelerates-driven by the rise of blockchain, decentralized finance (DeFi), and increasing institutional and retail adoption-Hyper Bit is committed to unlocking value across the crypto ecosystem while delivering growth for our stakeholders. Hyper Bit Technologies Ltd. is a member of the Blockchain Association of Canada and the American Blockchain & Cryptocurrency Association.
Stay informed on our latest developments by subscribing to Company updates at Hyperbit.ca and follow us across our social media channels: X.com, TikTok, Instagram, and LinkedIn. Hyper Bit Technologies Ltd. is publicly listed in Canada (CSE: HYPE), the USA (OTCID: HYPAF) and in Europe (FSE: N7S0).
ON BEHALF OF THE BOARD
(Signed) "Dallas La Porta" __________
Dallas La Porta, President, CEO and Director
FORWARD-LOOKING STATEMENTS:
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release includes statements related to the Proposed Transaction and related matters. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
No investment is without risk. Crypto currencies are particularly volatile and therefore particularly risky. Companies that are developing technologies and investing in crypto mining can potentially be adversely affected by its inherent volatility. Readers are cautioned to always consult an investment advisor to determine if an opportunity is right for you.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
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CTV News
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