Crypto mining (Scrypt: DOGE/LTC) / Early operating, unproven economics / AI & Digital Assets
Hyper Bit Technologies
CSEHYPEOTCHYPAF
Hyper Bit Technologies is a British Columbia company incorporated in 2018 that pivoted to crypto mining, adopting its current name in April 2025 after earlier businesses including Sweet Poison Spirits and Hemp for Health [1][4]. On July 2, 2026 it acquired Dogecoin Mining Technologies Corp. (DCMT) and its disclosed fleet of 20 ElphaPex DG1+ and 25 DG2 Scrypt miners installed at a Quebec facility [2][3]. Reported results have not yet shown mining revenue; the investment case rests on scaling the fleet profitably with the proceeds of an August 2026 financing [5][6]. Shares trade on the CSE as HYPE, in the U.S. as HYPAF and in Frankfurt as N7S0 [1].
Primary assets & business
- DCMT (wholly owned since July 2, 2026): 20 DG1+ and 25 DG2 Scrypt miners; DG2 rated 18 GH/s at 3,960 watts [3]
- Hosting arrangement at a renewable-energy-powered Quebec facility with up to 11 MW of site capacity; anticipated all-in power and hosting below US$0.07/kWh — an expectation, not verified invoiced cost [3]
Financial position
| Basic shares outstanding | 54,212,456 | Form 9, after the Aug 31, 2026 financing [6] |
|---|---|---|
| Warrants | 22,463,354Equals 7,588,354 at April 30 plus 14.875 million financing warrants; excludes 488,000 finder warrants pending reconciliation [8] | Annual MD&A dated Sep 23, 2026 [3] |
| Latest filed cash | C$45,930 | Jul 31, 2026 (predates the Aug 31 raise) [5] |
| FY2026 net loss | C$4.136M | Year ended Apr 30, 2026 [2] |
| Share price snapshot | C$0.175A quotation, not a target | Close, Oct 7, 2026 [11] |
Canadian dollars unless noted. The August 31 financing figure is gross proceeds, not current cash. The CSE profile share count is stale; the Form 9 count is used.
Ownership & capital structure
| Former DCMT shareholders | Not yet verified6,643,214 consideration shares at a C$0.135 deemed price, plus an earnout of up to 6,000,000 further shares if cumulative post-close EBITDA exceeds C$180,000 [2][3] | |
|---|---|---|
| August 2026 financing holders | Not yet verified14,875,000 units at C$0.10, each with a three-year C$0.15 warrant (acceleration at C$0.30 for five sessions); four-month-plus-one-day hold to approximately January 1, 2027 [6][7] |
What has to happen next
- First robust mining-production table: operating rig count, realized hashrate, DOGE/LTC output, uptime, pool fees, coin sales and gross margin
- Next quarterly financials: revenue, PPE and depreciation evidence that the acquired fleet is producing financial-statement revenue [5]
- DCMT earnout measurement period runs to July 2, 2027: EBITDA above C$180,000 triggers up to 6 million further shares [3]
- Financing warrant expiry August 31, 2029 (14.875 million at C$0.15, subject to acceleration) [7]
Research checkpoints, not a dated event calendar or a promise of outcomes.
Valuation context
At the October 7 close of C$0.175, 54.21 million basic shares imply a market capitalization of about C$9.5 million [6][11]. The identifiable original hardware purchases were on the order of US$108,000 for the DG1+ units plus undisclosed DG2 cost [3], so the valuation prices an option on expansion rather than the existing fleet. Upside cases should be modeled against 77 to 83 million potential shares once warrants, finder warrants and the earnout are included.
Mandatory reading
Key risks
- Mining revenue unproven in reported results; no production, uptime or realized power-cost disclosure
- Corporate spending historically large relative to operating assets
- Layered dilution from warrants, finder warrants and the DCMT earnout
- Trading suspended September 9, 2026 (regulatory halt; BCSC cease trade order) and reinstated September 25 after the default was rectified [9][10]
Source documents
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