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Hyper Bit Technologies closes $1.49M private placement

Mon, 31 Aug 2026 18:42:10 -0400

Hyper Bit Technologies Ltd. (CSE: HYPE) (OTCID: HYPAF) (FSE: N7S0) has completed a non-brokered private placement of 14,875,000 units at $0.10 per unit, raising gross proceeds of $1,487,500, according to a press release from the Vancouver-based company.

Each unit consists of one common share and one share purchase warrant. Each warrant is exercisable at $0.15 per share for 36 months from issuance. The company may accelerate the warrants if shares close at or above $0.30 for five consecutive trading days.

The company said it will use net proceeds to purchase crypto mining rigs, pay outstanding debts, fund marketing activities, and support general

Hyper Bit Technologies Announces Closing of Private Placement

Mon, 31 Aug 2026 18:40:00 -0400

Vancouver, British Columbia--(Newsfile Corp. - August 31, 2026) - HYPER BIT TECHNOLOGIES LTD. (CSE: HYPE) (OTCID: HYPAF) (FSE: N7S0) (the "Company", "Hyper Bit", or "HYPE") is pleased to announce that, further to its news releases dated July 6, 2026, and August 25, 2026, the Company has completed a non-brokered private placement of 14,875,000 units of the Company (the "Units") at a price of $0.10 per Unit, for gross proceeds of $1,487,500 (the "Offering"). Due to high investor demand, the Company did not proceed with any debt settlement transactions as set forth in its August 25, 2026, news release.

Each Unit

Hyper Bit Technologies Announces Closing of Private Placement

Mon, 31 Aug 2026 18:40:00 -0400

Each Unit