Hyper Bit Technologies Ltd. Announces Director Resignation and Corporate Update
Hyper Bit Technologies Ltd. has announced the resignation of Mr. Brian Gusko as a Director of the Company, effective June 5th, 2026. This decision allows Mr. Gusko to pursue other opportunities, marking a significant change in the company's leadership.
In addition to the leadership change, Hyper Bit provided an update on its ongoing efforts to complete the acquisition of Dogecoin Mining Technologies Corp. (DMTC). This acquisition is crucial as DMTC specializes in building scalable, high-performance cryptocurrency mining operations, focusing on Dogecoin (DOGE) and Litecoin (LTC).
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"The acquisition of DMTC will accelerate Hyper Bit in its pursuit of building scalable, high performance crypto currency mining operations," stated Dallas La Porta, president and CEO of Hyper Bit.
DMTC has secured a renewable-energy-powered co-location agreement at a facility with access to up to 11 megawatts of capacity, with an anticipated all-in power and hosting rate of under CAD$0.10 per kilowatt-hour. This strategic move positions DMTC to scale its mining operations effectively, leveraging industry-leading hardware and low-cost sustainable energy.
Furthermore, DMTC holds a portfolio of ElphaPex DG1+ and DG2 ASIC miners, consisting of twenty DG1+ and twenty-five next-generation DG2 units. These miners are currently hosted in an 11MW purpose-built crypto mining facility in Quebec, Canada, specifically for mining DOGE and LTC.
| Mining Equipment | Quantity |
|---|---|
| ElphaPex DG1+ | 20 |
| ElphaPex DG2 | 25 |
The ElphaPex DG2 miner is particularly noteworthy, boasting a maximum hash rate of 18 GH/s with a power consumption of only 3960W, resulting in a power efficiency of 0.22j/Mh. This advanced technology allows for dual mining of both DOGE and LTC, enhancing the operational capabilities of DMTC.
Hyper Bit Technologies Ltd. is committed to unlocking value across the crypto ecosystem while delivering growth for its stakeholders. The company is publicly listed in Canada (CSE: HYPE), the USA (OTCID: HYPAF), and in Europe (FSE: N7S0).
Key Takeaways:
- Brian Gusko resigns as Director effective June 5th, 2026.
- Hyper Bit is pursuing the acquisition of DMTC to enhance its mining operations.
- DMTC has secured renewable energy at a competitive rate of under CAD$0.10 per kilowatt-hour.
- ElphaPex DG2 miners offer high efficiency for DOGE and LTC mining.
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