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

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."