Hyper Bit Technologies

What Hyper Bit Technologies does

Hyper Bit Technologies Ltd. is a publicly traded Canadian company (CSE: HYPE.CN, OTC: HYPAF, FSE: N7S0) headquartered in Vancouver, BC, that operates as a crypto and digital infrastructure portfolio company. The company's primary business is energy-efficient cryptocurrency mining, focused on Dogecoin and Litecoin using Scrypt-algorithm ASIC miners (ElphaPex DG1+ and DG2), with additional exposure to Aleo (Goldshell AE Box II) and Siacoin (SC200) networks. Mining operations are hosted at a Quebec facility powered by 100% renewable hydroelectric energy with 11 MW of capacity; production began in November 2025. The company derives revenue from block rewards and transaction fees on mined networks, and from consumer hardware resales of Tangem NFC cold-storage wallets ($197 CAD) and Tangem Rings ($160 CAD) sold through a company-owned e-commerce storefront. A small proprietary crypto-themed web game and a digital-asset treasury (Bitcoin, Ethereum, DOGE, LTC) purchased via a CAD $2M credit facility with Bit Royalty round out the offering.

The business model rests on three revenue streams: usage-based mining rewards, unit-priced hardware resales, and balance-sheet crypto treasury appreciation. Go-to-market combines direct enterprise engagement for mining capacity expansion, e-commerce for consumer wallet products, and capital-markets activity (debt, convertibles, credit facilities, share issuance) to fund fleet growth. The company has executed a notable pivot: it was incorporated in 2021 as Hemp for Health Inc., rebranded to Yellow Stem Tech (2022) and then Sweet Poison Spirits Inc. (2023), before adopting the Hyper Bit Technologies identity in April 2025 to enter crypto mining. The June 2026 acquisition of Dogecoin Mining Technologies Corp. (DCMT) consolidated operating mining activity into a wholly-owned subsidiary, with stated intent to compound cash flows into fleet expansion and additional strategic acquisitions, targeting a leadership position in Dogecoin mining. The customer base spans institutional investors in mining operations and individual crypto holders purchasing cold-storage hardware; the company is a small-cap (approximately CAD $3.27M market cap) with 1-10 employees.

Name

Hyper Bit Technologies

Legal name

Hyper Bit Technologies Ltd.

Website

https://hyperbit.ca

Company type

Public

Founded year

2025

Operating status

Operating

Headcount range

1–10 employees

Short description

Hyper Bit Technologies is a publicly traded Canadian company operating energy-efficient Dogecoin and Litecoin mining at a renewable-powered Quebec datacenter, alongside consumer Tangem hardware wallet resales and a digital-asset treasury strategy.

Ownership category

akta.pro rank

Product category

Cryptocurrency Mining

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro industry

PRIMARYFSADAOAG

Mining Infrastructure & Energy Procurement (Power, Cooling, Grid Services)

Financial & Insurance/Crypto & Digital Assets/Crypto Mining and Staking Services

SECONDARYFSADAOAD

Mining Hardware (ASIC/GPU) Manufacturing & Distribution

Financial & Insurance/Crypto & Digital Assets/Crypto Mining and Staking Services

SECONDARYFSAPAIAE

Digital Asset Custody & Wallet Infrastructure for Institutions (MPC/HSM, key mgmt, policy controls)

Financial & Insurance/Blockchain & Web3/Enterprise Blockchain & Tokenization (permissioned networks, RWA tokenization)

SECONDARYFSADAHAL

Treasury Management & Corporate Crypto Yield Programs

Financial & Insurance/Crypto & Digital Assets/Crypto Asset Management, Indexing & Staking-as-a-Service

Keywords

• Cryptocurrency mining services
• Asic mining hardware
• Cold storage wallets
• Blockchain infrastructure
• Renewable energy mining

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Technology or R&D, Infrastructure, Supply Chain, Personnel, Marketing or Sales

Revenue model

1. Cryptocurrency Mining: Operating cryptocurrency mining operations focused on Dogecoin and Litecoin using Scrypt algorithm ASIC miners. Revenue generated from block rewards and transaction fees. Operations powered by renewable hydroelectric energy at Quebec facility with 11 MW capacity.
2. Hardware Sales - Cold Storage Wallets: Sale of Tangem hardware wallets and rings through e-commerce storefront. Products include Tangem Wallet at $197 CAD and Tangem Ring at $160 CAD. Revenue from one-time hardware purchases.
3. Crypto Treasury Management: Purchasing and holding cryptocurrencies including Bitcoin, Ethereum, Dogecoin, and Litecoin as treasury assets. Credit facility with Bit Royalty extended to CAD $2 million for crypto purchases.
4. Strategic Acquisitions: Acquisition of Dogecoin Mining Technologies Corp. including rights to purchase up to 2,660 ElphaPex miners and full ownership of mining operations.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

Hyper Bit Technologies operates energy-efficient Dogecoin and Litecoin cryptocurrency mining using Scrypt-algorithm ASIC hardware (ElphaPex DG1+/DG2, Goldshell AE Box II, SC200) at an 11 MW renewable hydroelectric-powered facility in Quebec. The company also retails Tangem-branded NFC hardware wallets and rings for consumer cold storage of digital assets, and actively manages a corporate cryptocurrency treasury. The portfolio company aims to become a leading Dogecoin miner by compounding mining cash flows into fleet expansion and strategic acquisitions.

Product overview

Hyper Bit Technologies operates as a crypto and digital infrastructure portfolio company offering energy-efficient cryptocurrency mining operations and related products. The product portfolio consists of cryptocurrency mining hardware (ElphaPex DG1+, DG2, Goldshell AE Box II, SC200 miners) for Dogecoin, Litecoin, Aleo, and Siacoin blockchain networks, plus branded cold storage security products through the HyperBit Tangem Wallet and Tangem Ring partnership. The company also developed a proprietary crypto-themed web game. Mining operations are powered by renewable hydroelectric energy at a Quebec facility with 11 MW capacity. The company compounds cash flows from mining into fleet expansion and strategic acquisitions, with a goal to become a leading Dogecoin miner.

Differentiator

Problem solved

Functional benefit

Brands

• HyperBit Tangem Wallet: Branded cold storage hardware wallet product for cryptocurrency security, sold in partnership with Tangem.
• Tangem Ring

Products and services

• ElphaPex DG2 Next-generation Scrypt-algorithm ASIC miner delivering 18 GH/s hashrate, 3,960W power consumption, and 0.22 J/MH efficiency for Dogecoin and Litecoin mining.
• ElphaPex DG1+ High-efficiency Scrypt ASIC miner delivering 14.4 GH/s hashrate, 3,200W power consumption, and 0.22 J/MH efficiency, optimized for merged Dogecoin/Litecoin mining.
• Goldshell AE Box II Compact Aleo blockchain miner (zkSNARK) providing 400 KH/s hashrate, 450W power consumption, and 1.13 J/KH efficiency for privacy-focused applications.
• SC200 Siacoin ASIC High-efficiency Blake2b-Sia Siacoin ASIC rig providing 2,200 GH/s hashrate (default), 2,200W power consumption (default), and 1.0 J/GH efficiency for decentralized storage networks.
• HyperBit Tangem Wallet Branded NFC-enabled hardware wallet for individual cryptocurrency holders. EAL6+ certified security chip, supports 1,000+ cryptocurrencies including Bitcoin and Ethereum, no batteries or cables required, 25-year warranty. Priced at $197.00 CAD.
• HyperBit Tangem Ring World's first wearable ring-form-factor hardware wallet. EAL6+ certified, waterproof IP68, scratch-resistant zirconia ceramic design, tap-to-use NFC, includes 1 ring plus 2 Tangem backup cards. Priced at $160.00 CAD per set.
• Hyper Bit Crypto Game Proprietary web-based crypto-themed game with player rewards and rankings, designed to engage the cryptocurrency community on the Hyperbit platform.
• Dogecoin and Litecoin Mining Operations Institutional-grade Scrypt-algorithm cryptocurrency mining service producing Dogecoin and Litecoin block rewards and transaction fees, powered by renewable hydroelectric energy at the Quebec facility.
• Corporate Crypto Treasury Management Active procurement and custody of Bitcoin, Ethereum, Dogecoin, and Litecoin as corporate treasury assets, supported by a CAD $2 million credit facility with Bit Royalty and a corporate Kraken account.

Quantifiable outcome

• 0.22 J/MH efficiency ratio for ElphaPex miners
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Six partnerships are on record, tiered core, flagship and minor.

• Secure Digital MarketscoreChannel Partner/ Reseller/ Distributor · 21 July 2025Engaged to purchase first tranche of ElphaPex DG1+ crypto miners with objective of buying 100 miners over 60 days. Secure Digital Markets assists with procurement and logistics of cryptocurrency mining equipment.
• KrakencoreTechnology or Integration · 17 July 2025Established corporate level digital asset account on Kraken exchange for cryptocurrency purchases. Enables direct acquisition of Bitcoin, Ethereum, and other digital assets for treasury management.
• TangemflagshipTechnology or Integration · 26 May 2025Launch of branded cold storage solution through Tangem partnership. Company sells Tangem Wallet ($197 CAD) and Tangem Ring ($160 CAD) through e-commerce storefront. Products feature EAL6+ security certification and NFC technology supporting 1,000+ cryptocurrencies.
• Dogecoin Mining Technologies Corp. (DCMT)flagshipStrategic or Co-development Partner · 20 May 2025Acquisition target with hardware supply agreements for up to 2,660 ElphaPex DG1+ and DG2 miners to be hosted at renewable power facility with access to 11 MW capacity. Acquisition completed June 22, 2026 with $896,834 share consideration plus performance-based shares up to 6 million if cumulative EBITDA exceeds $180,000 within one year.
• American Blockchain & Cryptocurrency AssociationminorGTM or Marketing Partner · 16 May 2025Company joined American Blockchain & Cryptocurrency Association for industry advocacy, networking, and participation in blockchain policy discussions.
• Blockchain Association of CanadaminorGTM or Marketing Partner · 22 April 2025Company joined Blockchain Association of Canada for domestic industry engagement, regulatory advocacy, and community building within Canadian blockchain ecosystem.

Scale indicators11 records

Recent moves7 records

Expansion highlights6 records

Emerging players

• Canaan Inc. Public ASIC mining hardware manufacturer. Comparable as a peer in the mining-hardware-distribution value chain that Hyper Bit participates in through ElphaPex and Goldshell.
• TeraWulf: U.S. public miner focused on zero-carbon, nuclear- and hydro-powered Bitcoin mining. Comparable narrative on sustainable-power mining and small-mid public-miner growth profile.
• Bit Origin Limited: Small-cap U.S. listed company that pivoted from a non-crypto business into crypto mining and treasury management. Structurally analogous to Hyper Bit as a shell-company rebrand into crypto infrastructure.

Direct peers

• HIVE Digital Technologies: Canadian-listed crypto miner running ASIC fleets on renewable power in Quebec and Sweden. Highly comparable geography, energy mix, and small-to-mid public-miner scale.
• CleanSpark: U.S. Bitcoin miner with a focus on low-cost power and large-scale ASIC deployments. Relevant peer for the scale-discipline and energy-cost narrative Hyper Bit uses to differentiate.
• Hut 8 Corp. Public crypto mining and digital infrastructure operator with diversified energy mix including renewables. Comparable in vertical integration from mining to data-center operations and in North American public-market positioning.
• Bitfarms: Publicly traded Canadian crypto miner with a multi-site, renewable-energy-powered mining footprint. Closest direct comparable in terms of geography, energy strategy, and small-mid cap public-miner dynamics.

Broad incumbents

• Riot Platforms: One of the largest publicly traded Bitcoin miners in North America. Broad incumbent in the public-miner category; benchmark for cost-per-coin economics relevant to Hyper Bit's own unit-economics story.
• Marathon Digital Holdings: Largest U.S. listed Bitcoin miner by hashrate. Broad incumbent; relevant on capital-raising scale and treasury strategy rather than on direct product overlap.

Others

• Tangem: Direct partner and the underlying technology vendor for Hyper Bit's consumer hardware-wallet line. Listed as 'Others' given the partnership/white-label relationship rather than head-to-head competition.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/HyperBit_HYPE
• Facebookfacebook.com/sweetpoisontequila

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds6 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hyper Bit Technologies