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Hyper Bit Technologies Expands Mining Operations Following Bitcoin Surge
According to FinanzNachrichten.de, Hyper Bit Technologies Ltd. (CSE: HYPE, FWB: N7S0) has announced the receipt of its first Goldshell AE-BOX II crypto-mining rig, specifically designed for mining the Aleo token. This acquisition comes in the wake of Bitcoin surpassing the $95,000 USD mark, a development that has reignited interest in the cryptocurrency sector. The Goldshell AE-BOX II is an ASIC miner optimized for the zkSNARK algorithm and delivers an average hash rate of 54 Mh/s with a power consumption of 530 W, resulting in an energy efficiency of 0.01 j/kh. Goldshell, the manufacturer, has been a leading technology company in the mining hardware sector since its founding in 2017.
Cole Goodwin, COO of Hyper Bit Technologies, emphasized the strategic selection of these mining rigs to prepare the company for what is believed to be the next phase of the crypto bull market, while maintaining a focus on profitability. Goodwin highlighted the significance of Bitcoin's price exceeding $95,000 USD as a sign of renewed community interest and a validation of the company's expansion strategy.
| Device | Hash Rate | Power Consumption | Energy Efficiency |
|---|---|---|---|
| Goldshell AE-BOX II | 54 Mh/s | 530 W | 0.01 j/kh |
- First Goldshell AE-BOX II unit received for setup and testing.
- Up to 10 high-efficiency rigs planned for Aleo mining.
- Bitcoin price exceeds $95,000 USD, boosting sector confidence.
"We are very encouraged by the Bitcoin price, which has once again reached a level of over $95,000.00 USD. This demonstrates renewed interest from the crypto community and confirms the company's mission to expand its crypto activities." – Cole Goodwin, COO, Hyper Bit Technologies Ltd.
Summary: Hyper Bit Technologies is scaling up its mining operations with the Goldshell AE-BOX II, targeting the Aleo token, as Bitcoin's price surge signals a bullish market environment. (Source: FinanzNachrichten.de)
Aleo Token: Privacy-Focused Blockchain with Growing Market Presence
The Aleo token, as described in the report, is designed to provide a truly personal and private internet experience through decentralized systems and zero-knowledge cryptography. Aleo is the first platform to offer fully private applications, granting users and developers unlimited computational power with absolute privacy. The blockchain is private by default, open source, and web-oriented, positioning Aleo to address key adoption challenges in the blockchain space.
As of May 2, 2025, Aleo's market capitalization stands at $91.5 million USD, with a 24-hour trading volume of $7 million USD. The token reached a record market capitalization of approximately $9.3 billion USD on September 24, 2024, with a 24-hour trading volume of $17.76 million USD. Aleo is traded on more than 10 cryptocurrency exchanges, according to Coinmarketcap.com.
| Date | Market Capitalization | 24h Trading Volume |
|---|---|---|
| May 2, 2025 | $91.5 million | $7 million |
| September 24, 2024 (Record) | ~$9.3 billion | $17.76 million |
- First blockchain platform for fully private applications.
- Utilizes zero-knowledge cryptography for user data protection.
- Traded on over 10 exchanges.
Infobox: Aleo is a privacy-centric blockchain with a significant market presence, having reached a peak market cap of $9.3 billion USD in 2024. (Source: FinanzNachrichten.de)
Hyper Bit Technologies’ Existing Mining Portfolio and SiaCoin Operations
Hyper Bit Technologies currently owns 150 SC200 SiaCoin mining rigs and is actively seeking more cost-effective electricity solutions to enhance the profitability of these devices. SiaCoin (SC) is the native utility token of Sia, a decentralized, blockchain-based cloud storage platform. Sia enables users to rent out unused storage space in a secure, trustless marketplace, with transactions governed by smart contracts and SiaCoin serving as the payment medium.
SiaCoin aims to become the "backbone storage layer of the internet." The project was first announced in May 2014, revised in May 2015, and officially launched in June 2015. As of May 2, 2025, SiaCoin has a market capitalization of $192 million USD and a 24-hour trading volume of $15 million USD. The token reached a record market capitalization of $2.95 billion USD on January 5, 2018, with a 24-hour trading volume of $785 million USD. SiaCoin is listed on over 57 centralized crypto exchanges, according to Coinmarketcap.com.
| Date | Market Capitalization | 24h Trading Volume |
|---|---|---|
| May 2, 2025 | $192 million | $15 million |
| January 5, 2018 (Record) | $2.95 billion | $785 million |
- 150 SC200 SiaCoin mining rigs in operation.
- Focus on reducing electricity costs for improved profitability.
- SiaCoin traded on over 57 centralized exchanges.
Infobox: Hyper Bit Technologies is leveraging a substantial SiaCoin mining operation, with a focus on cost optimization, while SiaCoin maintains a strong presence in the decentralized storage market. (Source: FinanzNachrichten.de)
Company Profile and Industry Engagement
Hyper Bit Technologies Ltd. is a forward-looking, diversified technology company specializing in the acquisition, development, and strategic deployment of crypto-mining operations and blockchain-based innovations. The company is committed to unlocking value across the crypto ecosystem and driving growth for stakeholders, amid rising global interest in digital assets, blockchain, and decentralized finance (DeFi).
Hyper Bit Technologies is a member of the Blockchain Associates of Canada, a non-profit organization based in Vancouver, dedicated to expanding and strengthening the Canadian blockchain community. The company is listed on the Canadian Securities Exchange (CSE: HYPE) and the Frankfurt Stock Exchange (FWB: N7S0).
- Active in crypto-mining and blockchain innovation.
- Member of Blockchain Associates of Canada.
- Listed on CSE and FWB.
Infobox: Hyper Bit Technologies is strategically positioned in the crypto-mining sector, with strong industry affiliations and a commitment to innovation and stakeholder value. (Source: FinanzNachrichten.de)
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