Hyper Bit Announces Letter of Intent to Acquire Dogecoin Mining Infrastructure Company with Rights to Purchase up to 2,660 ElphaPex DOGE/LTC Miners and Secured Access to a Data Centre with 11MW of Renewable Energy
Vancouver, British Columbia–(Newsfile Corp. – May 20, 2025) – HYPER BIT TECHNOLOGIES LTD. (CSE: HYPE) (OTC Pink: HYPAF) (FSE: N7S0) (the “Company” or “Hyper Bit”) announces that it has entered into a non-binding letter of intent (the “LOI“) dated May 19th, 2025, to acquire all of the outstanding common shares of Dogecoin Mining Technologies Corp. (“Dogecoin Mining Technologies“), an at arms length, development stage Dogecoin (“DOGE“) and Litecoin (“LTC“) cryptocurrency mining company. The terms of the LOI are outlined herein (the “Proposed Transaction”).
Figure 1. Crypto Mining hosting facility in Canada
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Figure 2. ElphaPex DG1+ Crypto Mining Rigs
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¹ Notwithstanding the achievement of any milestone, no Consideration Shares shall be released prior to four (4) months and one (1) day following the closing date, in accordance with the policies of the Canadian Securities Exchange (the “CSE“).
The Proposed Transaction remains subject to the negotiation and execution of a definitive share exchange agreement, the completion of satisfactory due diligence, receipt of an independent estimate valuation report of Dogecoin Mining Technologies acceptable to the Company’s board of directors, customary closing conditions, and the approval of the CSE. No Finder’s Fee is payable in connection with the transaction.
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 (OTC Pink: HYPAF) and in Europe (FSE: N7S0).
About Dogecoin Mining Technologies Corp.
Dogecoin Mining Technologies Corp. is a Dogecoin (DOGE) and Litecoin (LTC) crypto currency mining infrastructure company focused on building scalable, high-performance crypto currency mining operations. The Company has strategically secured key components necessary to execute a large-scale mining platform, including proprietary hardware supply agreements for Elphapex DG1+ and DG2+ ASIC rigs, a highly experienced operations team with expertise in blockchain, big data, and artificial intelligence, and a renewable energy-powered colocation agreement with access to up to 11MW of capacity at an anticipated rate sub $0.07 per kilowatt-hour.
With turnkey infrastructure in place, Dogecoin Mining Technologies Corp. is positioned to rapidly scale mining operations upon allocation of capital resources, leveraging industry-leading hardware, low-cost sustainable energy, and operational expertise to pursue attractive profitability and long-term value creation in the rapidly expanding digital asset ecosystem.
ON BEHALF OF THE BOARD
Signed “Robert Eadie”
Robert Eadie, President & Chief Executive Officer and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-602-4935
Facsimile: 1-604-602-4936
e-mail: team@hyperbit.ca
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252756
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