{"success":true,"data":{"pressRelease":{"id":"131683","rtpr_id":"nNFC1Gyvv","ticker":"HYPE","exchange":"","all_tickers":["HYPE"],"title":"Hyper Bit Technologies Announces Closing of Private Placement","author":"Newsfile Corp","published_at":"2026-08-31T22:40:31.184Z","article_body":"Vancouver, British Columbia--(Newsfile Corp. - August 31, 2026) - HYPER BIT\nTECHNOLOGIES LTD. (CSE: HYPE) (OTCID: HYPAF) (FSE: N7S0) (the \"Company\",\n\"Hyper Bit\", or \"HYPE\") is pleased to announce that, further to its news\nreleases dated July 6, 2026, and August 25, 2026, the Company has completed a\nnon-brokered private placement of 14,875,000 units of the Company (the\n\"Units\") at a price of $0.10 per Unit, for gross proceeds of $1,487,500 (the\n\"Offering\"). Due to high investor demand, the Company did not proceed with any\ndebt settlement transactions as set forth in its August 25, 2026, news\nrelease.\n\nEach Unit consists of one common share in the capital of the Company (a\n\"Share\") and one Share purchase warrant (a \"Warrant\"). Each Warrant is\nexercisable to purchase an additional Share (a \"Warrant Share\") at an exercise\nprice of $0.15 per Warrant Share for a period of 36 months after the date of\nissuance, subject to acceleration, at the election of the Company, if the\nShares close at a price at or above $0.30 for a period of five consecutive\ntrading days.\n\nThe Company intends to use the net proceeds from the Offering to purchase\ncrypto mining rigs, pay outstanding debts, marketing, and for general working\ncapital purposes. All securities issued in connection with the Offering are\nsubject to a statutory hold period of four months plus a day from the date of\nissuance in accordance with applicable securities laws.\n\nIn connection with closing of the Offering, the Company incurred cash finder's\nfees in the amount of $48,800 to certain eligible finders and issued the\nfinders an aggregate of 488,000 non-transferable Share purchase warrants (the\n\"Finder's Warrants\"), with each Finder's Warrant exercisable into one Share (a\n\"Finder's Warrant Share\") at a price of $0.10 per Finder's Warrant Share for a\nperiod of 36 months from the date of issuance.\n\nThis news release does not constitute an offer to sell or a solicitation of an\noffer to buy any of the securities in the United States. The securities have\nnot been and will not be registered under the United States Securities Act of\n1933, as amended (the \"U.S. Securities Act\") or any state securities laws and\nmay not be offered or sold within the United States or to U.S. persons unless\nregistered under the U.S. Securities Act and applicable state securities laws\nor an exemption from such registration is available.\n\nAbout Hyper Bit Technologies Ltd.\n\nHyper Bit Technologies Ltd. is a forward-thinking, diversified technology\ncompany specializing in the acquisition, development, and strategic deployment\nof crypto mining operations and blockchain-based innovations. As global\ninterest in digital assets accelerates-driven by the rise of blockchain,\ndecentralized finance (DeFi), and increasing institutional and retail\nadoption-Hyper Bit is committed to unlocking value across the crypto ecosystem\nwhile delivering growth for our stakeholders. Hyper Bit Technologies Ltd. is a\nmember of the Blockchain Association of Canada and the American Blockchain &\nCryptocurrency Association.\n\nStay informed on our latest developments by subscribing to Company updates at\nHyperbit.ca and follow us across our social media channels: X.com\n(https://api.newsfilecorp.com/redirect/gJy0XfNa33), TikTok\n(https://api.newsfilecorp.com/redirect/qpaK0uMPn0), Instagram\n(https://api.newsfilecorp.com/redirect/YEyRqfx8kP), and LinkedIn\n(https://api.newsfilecorp.com/redirect/0pbEnu52bk). Hyper Bit Technologies\nLtd. is publicly listed in Canada (CSE: HYPE), the USA (OTCID: HYPAF) and in\nEurope (FSE: N7S0).\n\nON BEHALF OF THE BOARD\n\n(Signed) \"Dallas La Porta\" __________\nDallas La Porta, President, CEO and Director\n\nFOR FURTHER INFORMATION, PLEASE CONTACT:\nHyper Bit Technologies Ltd.\nTelephone: 1-604-343-4335\nE-Mail: team@hyperbit.ca\nWebsite: www.hyperbit.ca\n\nFORWARD-LOOKING STATEMENTS:\n\nThis news release includes certain statements that may be deemed\n\"forward-looking statements\". All statements in this new release, other than\nstatements of historical facts, that address events or developments that the\nCompany expects to occur, are forward- looking statements. Forward-looking\nstatements are statements that are not historical facts and are generally, but\nnot always, identified by the words \"expects\", \"plans\", \"anticipates\",\n\"believes\", \"intends\", \"estimates\", \"projects\", \"potential\" and similar\nexpressions, or that events or conditions \"will\", \"would\", \"may\", \"could\" or\n\"should\" occur. Forward-looking statements in this news release include, but\nare not limited to, statements related to the anticipated use of proceeds from\nthe Offering. Although the Company believes the expectations expressed in such\nforward-looking statements are based on reasonable assumptions, such\nstatements are not guarantees of future performance and actual results may\ndiffer materially from those in the forward-looking statements. Factors that\ncould cause the actual results to differ materially from those in\nforward-looking statements include market prices, continued availability of\ncapital and financing, and general economic, market or business conditions.\nInvestors are cautioned that any such statements are not guarantees of future\nperformance and actual results or developments may differ materially from\nthose projected in the forward-looking statements. Forward-looking statements\nare based on the beliefs, estimates and opinions of the Company's management\non the date the statements are made. Except as required by applicable\nsecurities laws, the Company undertakes no obligation to update these\nforward-looking statements in the event that management's beliefs, estimates\nor opinions, or other factors, should change.\n\nNo investment is without risk. Crypto currencies are particularly volatile and\ntherefore particularly risky. Companies that are developing technologies and\ninvesting in crypto mining can potentially be adversely affected by its\ninherent volatility. Readers are cautioned to always consult an investment\nadvisor to determine if an opportunity is right for you.\n\nThe Canadian Securities Exchange has neither approved nor disapproved the\ninformation contained herein and does not accept responsibility for the\nadequacy or accuracy of this news release.\n\nTHIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR\nDISSEMINATION IN THE UNITED STATES\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/312312","article_body_html":"","raw_payload":{"data":{"id":"nNFC1Gyvv","title":"Hyper Bit Technologies Announces Closing of Private Placement","author":"Newsfile Corp","ticker":"HYPE","created":"2026-08-31T22:40:31.184Z","tickers":["HYPE"],"exchange":"","article_body":"Vancouver, British Columbia--(Newsfile Corp. - August 31, 2026) - HYPER BIT\nTECHNOLOGIES LTD. (CSE: HYPE) (OTCID: HYPAF) (FSE: N7S0) (the \"Company\",\n\"Hyper Bit\", or \"HYPE\") is pleased to announce that, further to its news\nreleases dated July 6, 2026, and August 25, 2026, the Company has completed a\nnon-brokered private placement of 14,875,000 units of the Company (the\n\"Units\") at a price of $0.10 per Unit, for gross proceeds of $1,487,500 (the\n\"Offering\"). Due to high investor demand, the Company did not proceed with any\ndebt settlement transactions as set forth in its August 25, 2026, news\nrelease.\n\nEach Unit consists of one common share in the capital of the Company (a\n\"Share\") and one Share purchase warrant (a \"Warrant\"). Each Warrant is\nexercisable to purchase an additional Share (a \"Warrant Share\") at an exercise\nprice of $0.15 per Warrant Share for a period of 36 months after the date of\nissuance, subject to acceleration, at the election of the Company, if the\nShares close at a price at or above $0.30 for a period of five consecutive\ntrading days.\n\nThe Company intends to use the net proceeds from the Offering to purchase\ncrypto mining rigs, pay outstanding debts, marketing, and for general working\ncapital purposes. All securities issued in connection with the Offering are\nsubject to a statutory hold period of four months plus a day from the date of\nissuance in accordance with applicable securities laws.\n\nIn connection with closing of the Offering, the Company incurred cash finder's\nfees in the amount of $48,800 to certain eligible finders and issued the\nfinders an aggregate of 488,000 non-transferable Share purchase warrants (the\n\"Finder's Warrants\"), with each Finder's Warrant exercisable into one Share (a\n\"Finder's Warrant Share\") at a price of $0.10 per Finder's Warrant Share for a\nperiod of 36 months from the date of issuance.\n\nThis news release does not constitute an offer to sell or a solicitation of an\noffer to buy any of the securities in the United States. The securities have\nnot been and will not be registered under the United States Securities Act of\n1933, as amended (the \"U.S. Securities Act\") or any state securities laws and\nmay not be offered or sold within the United States or to U.S. persons unless\nregistered under the U.S. Securities Act and applicable state securities laws\nor an exemption from such registration is available.\n\nAbout Hyper Bit Technologies Ltd.\n\nHyper Bit Technologies Ltd. is a forward-thinking, diversified technology\ncompany specializing in the acquisition, development, and strategic deployment\nof crypto mining operations and blockchain-based innovations. As global\ninterest in digital assets accelerates-driven by the rise of blockchain,\ndecentralized finance (DeFi), and increasing institutional and retail\nadoption-Hyper Bit is committed to unlocking value across the crypto ecosystem\nwhile delivering growth for our stakeholders. Hyper Bit Technologies Ltd. is a\nmember of the Blockchain Association of Canada and the American Blockchain &\nCryptocurrency Association.\n\nStay informed on our latest developments by subscribing to Company updates at\nHyperbit.ca and follow us across our social media channels: X.com\n(https://api.newsfilecorp.com/redirect/gJy0XfNa33), TikTok\n(https://api.newsfilecorp.com/redirect/qpaK0uMPn0), Instagram\n(https://api.newsfilecorp.com/redirect/YEyRqfx8kP), and LinkedIn\n(https://api.newsfilecorp.com/redirect/0pbEnu52bk). Hyper Bit Technologies\nLtd. is publicly listed in Canada (CSE: HYPE), the USA (OTCID: HYPAF) and in\nEurope (FSE: N7S0).\n\nON BEHALF OF THE BOARD\n\n(Signed) \"Dallas La Porta\" __________\nDallas La Porta, President, CEO and Director\n\nFOR FURTHER INFORMATION, PLEASE CONTACT:\nHyper Bit Technologies Ltd.\nTelephone: 1-604-343-4335\nE-Mail: team@hyperbit.ca\nWebsite: www.hyperbit.ca\n\nFORWARD-LOOKING STATEMENTS:\n\nThis news release includes certain statements that may be deemed\n\"forward-looking statements\". All statements in this new release, other than\nstatements of historical facts, that address events or developments that the\nCompany expects to occur, are forward- looking statements. Forward-looking\nstatements are statements that are not historical facts and are generally, but\nnot always, identified by the words \"expects\", \"plans\", \"anticipates\",\n\"believes\", \"intends\", \"estimates\", \"projects\", \"potential\" and similar\nexpressions, or that events or conditions \"will\", \"would\", \"may\", \"could\" or\n\"should\" occur. Forward-looking statements in this news release include, but\nare not limited to, statements related to the anticipated use of proceeds from\nthe Offering. Although the Company believes the expectations expressed in such\nforward-looking statements are based on reasonable assumptions, such\nstatements are not guarantees of future performance and actual results may\ndiffer materially from those in the forward-looking statements. Factors that\ncould cause the actual results to differ materially from those in\nforward-looking statements include market prices, continued availability of\ncapital and financing, and general economic, market or business conditions.\nInvestors are cautioned that any such statements are not guarantees of future\nperformance and actual results or developments may differ materially from\nthose projected in the forward-looking statements. Forward-looking statements\nare based on the beliefs, estimates and opinions of the Company's management\non the date the statements are made. Except as required by applicable\nsecurities laws, the Company undertakes no obligation to update these\nforward-looking statements in the event that management's beliefs, estimates\nor opinions, or other factors, should change.\n\nNo investment is without risk. Crypto currencies are particularly volatile and\ntherefore particularly risky. Companies that are developing technologies and\ninvesting in crypto mining can potentially be adversely affected by its\ninherent volatility. Readers are cautioned to always consult an investment\nadvisor to determine if an opportunity is right for you.\n\nThe Canadian Securities Exchange has neither approved nor disapproved the\ninformation contained herein and does not accept responsibility for the\nadequacy or accuracy of this news release.\n\nTHIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR\nDISSEMINATION IN THE UNITED STATES\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/312312"},"type":"article","timestamp":"2026-08-31T22:40:31.248181064Z","server_sent_at_ms":1788216031248},"received_at":"2026-08-31T22:40:31.334Z","source_url":"https://www.newsfilecorp.com/release/312312"},"analysis":{"id":"120591","press_release_id":"131683","analysis_json":{"industry":{"label":"Technology Hardware, Storage & Peripherals","sector":"Information Technology"},"redFlags":[],"eventType":"offering","narrative":"Hyper Bit Technologies closed a non-brokered private placement of 14.875 million units at $0.10 per unit, generating gross proceeds of $1.4875 million.\n\nDue to high investor demand, the company canceled previously planned debt settlement transactions and intends to use proceeds to buy crypto mining rigs and pay outstanding debts.\n\nEach unit consists of one share and one warrant exercisable at $0.15 for 36 months, with acceleration possible if the stock trades above $0.30 for five consecutive days.\n\nThe company paid $48,800 in finder fees and issued 488,000 finder warrants as part of the transaction.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine microcap financing closed with warrants."},"keyFigures":{"dealValueUsd":1487500,"offeringPrice":0.1,"sharesOffered":14875000,"customDimensions":{"finder_warrants":488000,"warrants_issued":14875000,"finder_fees_cash":48800,"warrant_term_months":36,"warrant_exercise_price":0.15}},"quotedText":"Due to high investor demand, the Company did not proceed with any debt settlement transactions as set forth in its August 25, 2026, news release.","namedEntities":{"people":[{"name":"Dallas La Porta","role":"President, CEO and Director"}],"products":[],"companies":[{"name":"Hyper Bit Technologies Ltd.","ticker":"HYPE"}],"dollarAmounts":[{"amount":"$0.10","context":"price per Unit in private placement"},{"amount":"$1,487,500","context":"gross proceeds of the Offering"},{"amount":"$0.15","context":"Warrant exercise price"},{"amount":"$0.30","context":"acceleration trigger price for Warrants"},{"amount":"$48,800","context":"cash finder's fees"},{"amount":"$0.10","context":"Finder's Warrant exercise price"}]},"materialImpact":{"score":2,"reasoning":"Non-brokered private placement raising ~$1.5M. The raise allows the company to pay debts and purchase mining rigs, but the small size and dilutive nature limit the market impact."},"tickerRelevance":{"others":[],"primary":"HYPE"},"globalImportance":10,"audienceRelevance":10,"eventTypeSecondary":["dilution"],"importanceComponents":{"tickerTier":"micro_cap","eventGravity":"microcap_financing"}},"event_type":"offering","event_type_secondary":["dilution"],"sentiment":"neutral","material_impact_score":2,"narrative":"Hyper Bit Technologies closed a non-brokered private placement of 14.875 million units at $0.10 per unit, generating gross proceeds of $1.4875 million.\n\nDue to high investor demand, the company canceled previously planned debt settlement transactions and intends to use proceeds to buy crypto mining rigs and pay outstanding debts.\n\nEach unit consists of one share and one warrant exercisable at $0.15 for 36 months, with acceleration possible if the stock trades above $0.30 for five consecutive days.\n\nThe company paid $48,800 in finder fees and issued 488,000 finder warrants as part of the transaction.","key_figures":{"dealValueUsd":1487500,"offeringPrice":0.1,"sharesOffered":14875000,"customDimensions":{"finder_warrants":488000,"warrants_issued":14875000,"finder_fees_cash":48800,"warrant_term_months":36,"warrant_exercise_price":0.15}},"named_entities":{"people":[{"name":"Dallas La Porta","role":"President, CEO and Director"}],"products":[],"companies":[{"name":"Hyper Bit Technologies Ltd.","ticker":"HYPE"}],"dollarAmounts":[{"amount":"$0.10","context":"price per Unit in private placement"},{"amount":"$1,487,500","context":"gross proceeds of the Offering"},{"amount":"$0.15","context":"Warrant exercise price"},{"amount":"$0.30","context":"acceleration trigger price for Warrants"},{"amount":"$48,800","context":"cash finder's fees"},{"amount":"$0.10","context":"Finder's Warrant exercise price"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-31T22:41:51.905Z","global_importance":10,"audience_relevance":10,"importance_components":{"tickerTier":"micro_cap","eventGravity":"microcap_financing"}},"durationMs":null,"modelName":"glm-4.7"}}