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Globe and Mail
11 minutes ago
- Globe and Mail
Hyper Bit Orders Next Generation ElphaPex DG2 Miners and Launches New Community Focused Hyper Bit Game
Vancouver, British Columbia--(Newsfile Corp. - August 5, 2025) - HYPER BIT TECHNOLOGIES LTD. (CSE: HYPE) (OTCID: HYPAF) (FSE: N7S0) (the "Company" or "Hyper Bit") announces it has been provided a first mover opportunity to pre-order the new ElphaPex DG2 miners with priority delivery and has placed an initial order of twenty five (25) miners scheduled for a Q4 2025 delivery. The Company will make a deposit of approximately USD $95,000 with a balance of USD $95,000 due on the shipping date estimated to be in mid Q4, 2025. 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: 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 TikTok, Instagram, and LinkedIn. Figure 2. Hyper Bit Game now live at To view an enhanced version of this graphic, please visit: 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 and follow us across our social media channels: 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.
National Post
41 minutes ago
- National Post
Oxmiq Labs Inc.™: Re-Architecting the GPU Stack: From Atoms to Agents™
Article content Sorry, your browser doesn't support embedded videos. Article content CAMPBELL, Calif. — Oxmiq Labs Inc., the all-new GPU software and IP startup founded by one of the world's top GPU architects and visionaries, Raja Koduri, emerges from stealth after two years of intensive IP development. Raja has assembled a world-class team of GPU and AI architects with over 500 years of combined experience, hundreds of patents, and a collective track record of generating more than $100B in revenue at prior companies. Article content Article content Modern computing has fundamentally shifted toward multimodal experiences where text, audio, video, images, and 3D environments seamlessly interact, establishing GPU architecture as the cornerstone of this transformation. Unlike fixed-function AI accelerators that handle specific tasks, GPUs provide the general-purpose computational flexibility required for these diverse modalities while maintaining deep integration with mainstream operating systems through standardized APIs and unified memory models. This architectural advantage positions GPUs as the essential compute engine for both current applications and the emerging landscape of multimodal AI, where heterogeneous workloads must be processed in harmony. Article content OXMIQ™'s licensable GPU IP rearchitects the GPU from first principles incorporating breakthrough technologies including nano agents in silicon leveraging RISC-V cores, near-memory and in-memory computing, and light transport. OXMIQ delivers solutions that balance multimodal computing flexibility with the radical performance improvements required for next-generation graphics and AI workloads for its customers. Article content Software First: Article content Learning from decades of industry evolution, OXMIQ embraces a Software First strategy that prioritizes developer experience through a comprehensive software stack compatible with both OXMIQ IP-based silicon and third-party GPU and AI accelerator platforms. Article content OXCapsule™, Article content OXMIQ's unified software ecosystem, abstracts away hardware complexity to provide frictionless deployment across diverse computing platforms, eliminating the configuration challenges that traditionally plague heterogeneous environments. Article content A flagship component, OXPython™, enables Python-based NVIDIA® CUDA™ AI applications to execute seamlessly on non-NVIDIA hardware without code modification or recompilation. Launching initially on Tenstorrent's AI platform later this year with multiple vendor integrations in progress, OXPython demonstrates OXMIQ's commitment to breaking down hardware silos and accelerating the democratization of high-performance computing across the industry. Article content 'We're excited to partner with OXMIQ on their OXPython software stack,' said Jim Keller, CEO of Tenstorrent™. 'OXPython's ability to bring Python® workloads for CUDA to AI platforms like Wormhole™ and Blackhole™ is great for developer portability and ecosystem expansion. It aligns with our goal of letting developers open and own their entire AI stack.' Article content The OXMIQ Breakthrough: Article content Beyond software, OXMIQ delivers a complete GPU hardware IP stack that powers silicon solutions scaling from Physical AI in edge devices and autonomous robots to enterprise edge infrastructure and zettascale data centers. Their scalable GPU core, OXCORE™, integrates scalar, vector, and tensor compute engines in a modular architecture customizable for specific workloads, enabling nano-agents, native Python acceleration, and compatibility with SIMD/CUDA paradigms. Article content OXQUILT™ Article content chip-let architecture. Through Article content OXQUILT Article content , customers can configure optimal ratios of compute, memory and interconnect for their needs and achieve significant reduction in time to market, R&D and production costs v/s current industry standard methodologies. Article content Capital Efficiency & Market Traction: Article content OXMIQ has raised $20 million in seed funding from prominent technology investors, including strategic players in mobile and AI silicon such as MediaTek®, and has recorded its first round of software revenue. With its licensing-first model, OXMIQ avoids the heavy capital requirements of chip startups that depend on expensive EDA tools and physical tape-outs — delivering outstanding capital efficiency. Article content 'OXMIQ has an impressive bold vision and world-class team,' said Lawrence Loh, SVP of MediaTek 'The company's GPU IP and software innovations will drive a new era of compute flexibility across devices – from mobile to automotive to AI on the edge.' Article content Mihira™: Article content After co-founding Mihira two years ago with Shobu Yarlagadda and SS Rajamouli, Raja Koduri has transitioned out of day-to-day operations at Mihira to focus full-time on running OXMIQ. Raja now acts as a strategic advisor to Mihira Visual Labs™, which is led by CEO Shobu Yarlagadda. OXMIQ holds a minority stake in Mihira and will continue to support its growth through foundational agentic and GPU IP technologies that power Mihira's cinematic AI platform. Article content 'Raja's early contributions to Mihira helped shape our foundational vision of cinematic AI. Now, with OXMIQ, he and his team are building the deep-tech infrastructure that powers our next chapter,' said Shobu Yarlagadda, Co-Founder and CEO of Mihira Visual Labs™, and acclaimed producer of the Baahubali film series. 'As we scale Mihira into a global creative platform, we're thrilled to continue our close collaboration with OXMIQ and integrate their agentic GPU innovations into our storytelling stack.' Article content Article content Article content Article content
CTV News
2 hours ago
- CTV News
Using points doesn't cancel out coverage through credit card insurance, B.C. tribunal rules
A B.C. man who paid for a portion of his car rental with Expedia points is still entitled to insurance coverage through his credit card, a B.C. tribunal has ruled. The dispute dates back to 2023, when Omar Guyah returned a car with a cracked windshield and was charged just under $850 by the rental company to cover the cost of the repair, according to a decision posted online Friday. Guyah paid for part of the car rental with an Amex that gave him coverage through the Royal & Sun Alliance Insurance Company of Canada. But when Guyah filed a claim with the company seeking reimbursement for the repair cost, he was denied. The company said he was not covered because 'he did not pay the full cost of the car rental with his credit card,' the decision explained. The booking of the rental was done online through Expedia, a third-party website that allows members to accumulate points and redeem them for discounts, the decision noted, adding that in this case the discount was $7.24. The question tribunal member Peter Mennie had to answer was whether using points to get a discount meant Guyah did not pay the 'full amount' with his Amex, which he was required to do in order to be entitled to coverage under the policy. Ultimately, Mennie rejected the insurance company's argument that the points were a form of payment. 'I find that Expedia points are more like a coupon than a monetary payment because they can only be used when booking through Expedia,' Mennie wrote. 'I find that paying the 'full cost' of the car rental means paying the total amount owed after any coupons, discounts, or rebates are applied. To hold otherwise would mean that any sort of promotion or reduction in cost from a car rental company or booking agent would exclude insurance coverage.' Further, because the policy did not explicitly say the use of points could be grounds for denying a claim, the tribunal found the company was not entitled to do so. The company was ordered to pay Guyah $848.98 in damages, equivalent to the amount he claimed for the repair. The credit card holder was also awarded $63.83 in pre-judgment interest and $125 in tribunal fees.
