Hyper Bit Technologies Announces Closing of Private Placement

HYPER BIT TECHNOLOGIES LTD. (CSE: HYPE) (OTCID: HYPAF) (FSE: N7S0) (the "Company", "Hyper Bit", or "HYPE") is pleased to announce that, further to its news releases dated July 6, 2026, and August 25, 2026, the Company has completed a non-brokered private placement of 14,875,000 units of the Company (the "Units") at a price of $0.10 per Unit, for gross proceeds of $1,487,500 (the "Offering").

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.

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, marketing, and for general working capital purposes.

All securities issued in connection with the Offering are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities laws.

In connection with closing of the Offering, the Company incurred cash finder's fees in the amount of $48,800 to certain eligible finders and issued the finders an aggregate of 488,000 non-transferable Share purchase warrants (the "Finder's Warrants"), with each Finder's Warrant exercisable into one Share (a "Finder's Warrant Share") at a price of $0.10 per Finder's Warrant Share for a period of 36 months from the date of issuance.

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.

Hyper Bit Technologies Ltd. is publicly listed in Canada (CSE: HYPE), the USA (OTCID: HYPAF) and in Europe (FSE: N7S0).