05:09:49 EDT Wed 16 Jul 2025
Enter Symbol
or Name
USA
CA



Hyper Bit Technologies Ltd
Symbol HYPE
Shares Issued 21,505,888
Close 2025-07-15 C$ 0.225
Market Cap C$ 4,838,825
Recent Sedar Documents

Hyper Bit to complete purchase of 0.7 bitcoin

2025-07-15 18:25 ET - News Release

Mr. Dallas La Porta reports

HYPER BIT EXECUTES DEFINITIVE AGREEMENT TO PURCHASE 2ND TRANCHE BITCOIN

Further to Hyper Bit Technologies Ltd.'s recent news dated June 25, 2025, it has entered in to a second definitive agreement dated July 11, 2025, with Bit Royalty, an arm's-length corporation, to acquire bitcoin and various top crypto currencies as treasury assets. With the signing of this definitive agreement Bit Royalty will now complete the purchase of approximately 0.7 bitcoin and has made a third request for a draw, announced July 10, 2025, of an additional $50,000 (total of $150,000 to date) to acquire bitcoin in exchange for shares of the company.

Dallas La Porta, president, chief executive officer and director of Hyper Bit Technologies, stated: "We are accelerating our multifront growth strategy with securing initial funding to purchase ElphaPex Crypto Miners as announced on July 7 and now executing a definitive agreement for our second purchase of Bitcoin as part of treasury strategy."

About Bit Royalty

Bit Royalty provides Hyper Bit with a credit facility of up to $1-million, which may be advanced in one or more tranches, subject to mutual agreement. The proceeds shall be used by Hyper Bit to acquire various crypto currencies as treasury assets, both from Bit Royalty and/or directly through its own crypto wallet account. Drawdowns shall be made upon written notice by Hyper Bit and subject to customary conditions precedent agreed between the parties. The drawdown credit facility will bear interest at 10 per cent as stipulated in the binding LOI (letter of intent) and will be converted to equity at Bit Royalty's direction.

The scope of the agreement with Bit Royalty includes the ability of the company to purchase a variety of cryptocurrencies as treasury assets.

  • HYPE: hyper liquid;
  • BTC: bitcoin;
  • DOGE: dogecoin;
  • USDC: USDC;
  • ETH: ethereum;
  • XRP: XRP;
  • SOL: solana;
  • ADA: cardano.

Any securities of the company issued in connection with the facility will be subject to a statutory four-month-and-one-day hold period, in accordance with applicable securities laws, and a concurrent four-month hold period imposed under CSE policies, in each case, commencing on the date of issuance.

About Hyper Bit Technologies Ltd.

Hyper Bit Technologies 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 the company's stakeholders. Hyper Bit Technologies is a member of the Blockchain Association of Canada and the American Blockchain & Cryptocurrency Association.

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