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

(MENAFN- Newsfile Corp) 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 19^th, 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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Dogecoin Mining Technologies is a development stage DOGE and LTC mining infrastructure company focused on building scalable, high-performance crypto mining operations. Dogecoin Mining Technologies has strategically secured all critical components necessary to execute a large-scale DOGE and LTC mining platform, including a hardware supply agreement for the purchase of up to 2,660 Elphapex ASIC rigs, subject to the availability of financial resources. It has secured a partnership for a renewable energy-powered data centre with a colocation agreement providing access of up to 11 megawatts (MW) of capacity at an anticipated all-in hosting rate sub USD $0.07 per kilowatt-hour.

Led by early cryptocurrency pioneers, Dogecoin Mining Technologies combines deep technical and operational expertise. With turnkey infrastructure and strategic supply chain relationships in place, the company is well positioned to commence mining operations upon the allocation of capital resources required to obtain mining equipment and initiate installation at the data centre.

Upon closing of the Proposed Transaction, Hyper Bit will be well positioned to become one of the first publicly listed altcoin-focused mining companies, with the goal of delivering long-term value creation and profitability within the rapidly evolving digital asset ecosystem.

Figure 2. ElphaPex DG1+ Crypto Mining Rigs
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Hyper Bit COO, Mr. Cole Goodwin, stated: "The Proposed Transaction with Dogecoin Mining Technologies marks a pivotal milestone for Hyper Bit, advancing our strategic growth in the cryptocurrency mining sector. This Proposed Transaction bolsters our market position and underscores our commitment to building a scalable, high-performance operation. We view Dogecoin and Litecoin as uniquely compelling assets, offering robust mining economics and significant upside potential, particularly due to their strong correlation with Bitcoin price trends. We are excited to partner with the Dogecoin Mining Technologies team, whose extensive expertise and industry connections are anticipated to add substantial strategic value to Hyper Bit."

Dogecoin Mining Technologies President, Mr. Carl Hermansen, stated: "We are excited by the opportunity to merge our efforts with the team at Hyper Bit, who shares our focus on Dogecoin's strong economic potential in today's competitive landscape. Dogecoin Mining Technologies has developed a comprehensive infrastructure platform, including hardware supply agreements for industry leading mining rigs, access to renewable energy at a highly competitive rate, and an operations team with extensive industry experience in the sector. Pending capital allocation, our platform is ready for immediate launch and scalable growth."

The Proposed Transaction

Hyper Bit proposes to issue to the shareholders of Dogecoin Mining Technologies an aggregate of 15,000,000 common shares (the " Consideration Shares ") in the capital of the Company, at a deemed price of $0.30 per Consideration Share, representing a total deemed value of $4,500,000. The Consideration Shares will be subject to voluntary escrow and released tranches based on the achievement of specified operational milestones and in the case of Tranche 1, the passage of time, with the intent of aligning the shareholders of Dogecoin Mining Technologies with the long-term growth objectives of the Company.

The proposed tranche structure is as follows:

Tranche 1	3,000,000	On the date that is four (4) months and one (1) day following the closing date, subject to applicable stock exchange escrow policies.1
Tranche 2	3,000,000	Upon the confirmation that the initial tranche of ElphaPex DG1+ Rigs has cleared customs in the destination jurisdiction.1
Tranche 3	3,000,000	Upon confirmation that the initial tranche of ElphaPex DG1+ Rigs has been installed and is online within ten (10) business days of arrival at the data center.1
Tranche 4	3,000,000	Upon confirmation that the initial tranche of DG1+ Rigs are achieving a hash rate equal to or greater than 96%, based on a five (5) day rolling average after being deemed online. 1
Tranche 5	3,000,000	Upon confirmation of the allocation of a minimum of 2,000 ElphaPex DG2 Rigs through a comfort letter or equivalent supporting documentation. 1

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 and follow us across our social media channels: X , 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.

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