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Hyper Bit Technologies Clarifies Crypto Miner Purchase and Ends Promotional Agreement

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Hyper Bit Technologies Clarifies Crypto Miner Purchase and Ends Promotional Agreement

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The latest update is out from Hemp for Health Inc ( (TSE:HYPE) ).

Hyper Bit Technologies Ltd. has announced the purchase of up to 35 ElphaPex DG1+ crypto ASIC miners for Dogecoin and Litecoin, clarifying that the equipment is currently under testing and mining has not yet commenced. The transaction involves a related party, Goodwin Ventures, which is controlled by Hyper Bit’s COO, and is considered a ‘related party transaction’ under Canadian securities regulations. Additionally, Hyper Bit terminated its agreement with Aktiencheck.de due to overly promotional content, highlighting its commitment to maintaining transparency and integrity in its operations.

More about Hemp for Health Inc

Hyper Bit Technologies Ltd. is a diversified technology company focused on crypto mining operations and blockchain innovations. The company aims to capitalize on the growing interest in digital assets, driven by blockchain and decentralized finance, to deliver growth for its stakeholders. Hyper Bit is a member of the Blockchain Association of Canada and is publicly listed on various stock exchanges.

Average Trading Volume: 89,484

Technical Sentiment Signal: Buy

Current Market Cap: C$7.96M

Learn more about HYPE stock on TipRanks’ Stock Analysis page.

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