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Hemp for Health Inc ( (TSE:HYPE) ) has provided an update.
Hyper Bit Technologies Ltd. has completed a deposit for hosting at a purpose-built crypto mining facility in Quebec, Canada, and announced a convertible debenture to order up to 100 next-generation ElphaPex DG2 crypto miners. This strategic move is expected to enhance the company’s mining capabilities and position it strongly within the crypto mining industry. The ElphaPex DG2 miners, known for their high efficiency and dual mining capabilities for Dogecoin and Litecoin, will be pivotal in achieving Hyper Bit’s goal of expanding its mining operations. The company is also conducting a non-brokered private placement offering to facilitate the acquisition of additional miners, which could significantly impact its operational capacity and market presence.
More about Hemp for Health Inc
Hyper Bit Technologies Ltd. is a diversified technology company focused on crypto mining operations and blockchain-based innovations. It aims to leverage the growing global interest in digital assets, driven by blockchain and decentralized finance, to deliver growth for its stakeholders. The company is a member of the Blockchain Association of Canada and the American Blockchain & Cryptocurrency Association, and is publicly listed in Canada, the USA, and Europe.
Average Trading Volume: 414,710
Technical Sentiment Signal: Buy
Current Market Cap: C$7.31M
For detailed information about HYPE stock, go to TipRanks’ Stock Analysis page.