Hyper Bit Technologies closes private placement raising $1.49 million at $0.10 per unit

Reuters2026/08/31 22:41

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Hyper Bit closed a non-brokered private placement of 14,875,000 units at $0.10, raising $1.49 million in gross proceeds.
Each unit includes one common share, one warrant exercisable at $0.15 for 36 months, subject to acceleration if shares trade at $0.30.
Net proceeds earmarked for crypto mining rigs, debt repayment, marketing, general working capital.
Paid $48,800 in finder’s fees; issued 488,000 finder’s warrants exercisable at $0.10 for 36 months.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hyper Bit Technologies Ltd. published the original content used to generate this news brief via Newsfile (Ref. ID: 202608311840NEWSFILECNPR____20260831_312312_1) on August 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Hyper Bit Technologies closes private placement raising $1.49 million at $0.10 per unit

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