09:13 AM EST - Hello Pal International Inc. : Reported that shortly after the news release on February 8th concerning its proposed investment into a dedicated Dogecoin (DOGE) and Litecoin (LTC) mining facility and mining rigs, it's website suffered a temporary outage due to server overload. The Company had announced an acquisition of a 15% interest in a dedicated Dogecoin and Litecoin mining facility, as well as an acquisition of an initial 51% of at least 12,500 mining rigs dedicated to mining Dogecoin and Litecoin, with options to increase its interest in both acquisitions, with the latter to 100%. The mining facility is believed to be the largest dedicated Dogecoin/Litecoin mining facility in the world, with the ability to house 90,000 mining rigs and have a capacity of 70MW, and the mining rigs are believed to account for 3-5% of the Dogecoin/Litecoin hashrate in the world and which would make it the world's third largest Dogecoin/Litecoin miner. Following this news release, the Company's website at www.hellopal.com experienced an unprecedented surge in traffic of over 1000%, resulting in the website server being overloaded and causing a temporary outage. Fortunately, its apps, in particular its flagship app Hello Pal and livestreaming services, were not adversely affected despite also experiencing a sharp increase in traffic. The website outage was resolved and suitable adjustments have been made to server capacity to reduce the possibility of similar outages in the future. "The sharp increase in activity on our website and the Hello Pal app validates the clear position we have taken on Dogecoin as well as on cryptocurrency in general," said KL Wong, Founder and Chairman of the Company. Hello Pal International Inc.
shares C.HP are trading unchanged at $1.98.
