10:01 AM EST - Hello Pal International Inc. : Announced that it has upgraded approximately one third of its Litecoin/Dogecoin mining rigs to the latest miners released by Bitmain. The Company, via its subsidiary CPal Technology Limited (formerly "Crypto Pal Technology Limited"), sold 4,500 of its existing Antminer L3+ mining rigs for a consideration of USDT 2.1 million (approximately CAD 2.67 million ). Compared with the effective purchase price of those mining rigs when 12,500 mining rigs were purchased for CAD 3.5 million earlier in June this year, this represents a profit of over 100% for this sale. Using those proceeds, the Company has purchased 100 units of Antminer L7 mining rigs, which are the latest Litecoin/Dogecoin mining rigs to be released by Bitmain. L7 mining rigs have a hashrate of 9500 MH/s, which is 19 times more than that of the existing L3+. Hello Pal International Inc.
shares C.HP are trading up 2 cents at $0.52.
