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 - Seite 2

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