VANCOUVER, BRITISH COLUMBIA – November 10, 2026 – TheNewswire –– HYPER BIT TECHNOLOGIES LTD. (CSE: HYPE) (OTC: HYPAF) (FWB: N7S0) (the “Company”, “Hyper Bit”, or “HYPE”) is pleased to announce that, further to its news release dated October 8, 2026, the Company has completed a non-brokered private placement of 1,544,191 units of the Company (the “ Units ”) at a price of $0.105 per Unit, for gross proceeds of $162,140 (the “ Offering ”).
Each Unit consists of one common share in the capital of the Company (a “ Share ”) and one Share purchase warrant (a “ Warrant ”). Each Warrant is exercisable to purchase an additional Share (a “ Warrant Share ”) at an exercise price of $0.15 per Warrant Share for a period of 36 months after the date of issuance, subject to acceleration, at the election of the Company, if the Shares close at a price at or above $0.30 for a period of five consecutive trading days.
The Company intends to use the net proceeds from the Offering to purchase crypto mining rigs, pay outstanding debts, fund marketing activities, and provide general working capital.
In connection with the closing of the Offering, the Company also issued an aggregate of 5,252,627 Units in exchange for certain indebtedness in the aggregate amount of $551,526 (the “ Debt Settlement Transactions ”). The Debt Settlement Transactions were completed at a price of $0.105 per Unit, being the same price as the other Units issued under the Offering. The Units issued under the Debt Settlement Transactions are on the same terms as the Units issued under the Offering. All securities issued in connection with the Offering and the Debt Settlement Transactions are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities laws.
The participants in the Debt Settlement Transactions included two corporate subscribers wholly-owned by directors and officers of the Company (collectively, the “ Insiders ”), who subscribed for an aggregate of 525,000 Units in settlement of indebtedness in the aggregate amount of $55,125 owed to them by the Company. The issuance of Units to the Insiders constitutes “related party transactions” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“ MI 61-101 ”). The Company relied on the exemptions from the formal valuation and minority shareholder approval requirements pursuant to subsections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, for the Insiders’ participation in the Debt Settlement Transactions, on the basis that the aggregate fair market value of the consideration received, directly or indirectly, by the Insiders does not exceed 25% of the Company’s market capitalization, as determined in accordance with MI 61-101.
No finder’s fees or commissions were paid in connection with the Offering.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “ U.S. Securities Act ”) or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Hyper Bit Technologies Ltd.
Hyper Bit Technologies Ltd. is a forward-thinking, diversified technology company specializing in the acquisition, development, and strategic deployment of crypto mining operations and blockchain-based innovations. As global interest in digital assets accelerates—driven by the rise of blockchain, decentralized finance (DeFi), and increasing institutional and retail adoption—Hyper Bit is committed to unlocking value across the crypto ecosystem while delivering growth for our stakeholders. Hyper Bit Technologies Ltd. is a member of the Blockchain Association of Canada and the American Blockchain & Cryptocurrency Association.
Stay informed on our latest developments by subscribing to Company updates at Hyperbit.ca and follow us across our social media channels: X.com , TikTok , Instagram , and LinkedIn . Hyper Bit Technologies Ltd. is publicly listed in Canada (CSE: HYPE), the USA (OTC: HYPAF) and in Europe (FWB: N7S0).
ON BEHALF OF THE BOARD
(Signed) “ Dallas La Porta ” __________
Dallas La Porta, President, CEO and Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Hyper Bit Technologies Ltd.
Telephone: 1-604-343-4335
E-Mail: team@hyperbit.ca
Website: www.hyperbit.ca
FORWARD LOOKING STATEMENTS:
This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward- looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Forward-looking statements in this news release include, but are not limited to, statements related to the anticipated use of proceeds from the Offering. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
No investment is without risk. Crypto currencies are particularly volatile and therefore particularly risky. Companies that are developing technologies and investing in crypto mining can potentially be adversely affected by its inherent volatility. Readers are cautioned to always consult an investment advisor to determine if an opportunity is right for you.
The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES
Copyright (c) 2026 TheNewswire – All rights reserved.
