New Miners to Arrive in New York State Location By way of Air Freight
Vancouver, British Columbia: Hello Pal International Inc.(“Howdy Pal” or the “Firm”) (CSE:HP Frankfurt:27H OTCQB:HLLPF), a supplier of quickly rising worldwide live-streaming, language studying and social-crypto platform, is happy to announce that it has bought an extra 170 L7 miners from the proceeds of the sale of its L3+ mannequin, bringing the full variety of L7s to 270 which incorporates the 100 Antminer L7s introduced final month (see October 7 press launch). The Firm is within the technique of buying extra.
The remaining Antminer L3+ miners, held by the Firm’s subsidiary (CPal Know-how Restricted) have been offered for a complete consideration of USDT 3.75 million (roughly CAD 4.7 million), which represents a 100% revenue in comparison with the efficient buy value in June of this 12 months. The sale of the L3+ miners and buy of L7 miners successfully signifies that the Firm’s Litecoin/Dogecoin mining rigs have been utterly upgraded to the newest Litecoin/Dogecoin miners to be launched by Bitmain.
Bitmain’s L7 miners are extremely wanted and intensely tough to accumulate. Howdy Pal’s present understanding is that lower than 2500 L7 miners are being produced, with no additional manufacturing deliberate by Bitmain within the foreseeable future. The L7 mannequin has a hashrate of 9500 MH/s, which is nineteen instances extra highly effective than that of the earlier L3+ mannequin. They devour considerably much less energy and have a stability charge of 98 % compared to the earlier stability charge of 70% enhancing total revenue margins significantly.
The brand new machines are anticipated to be delivered in December 2021, upon which they are going to be delivered by airfreight on to New York State, the place the Firm’s new mining services are situated and introduced earlier this month (see November 10 press launch).
“We’re lucky to have this chance to improve all our mining rigs to the newest and best Antminer mannequin,” mentioned KL Wong, Founder and Chairman of the Firm. “We stay very bullish relating to the way forward for cryptocurrency and Litecoin and Dogecoin particularly, and stay up for persevering with with our plans to combine cryptocurrency into our product choices.”
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In regards to the Howdy Pal Platform
The Howdy Pal Platform is a proprietary suite of cellular purposes constructed on a user-friendly messaging interface that target social interplay, language studying and journey. Howdy Pal, has been designed from the bottom as much as be simple to make use of and permits customers’ the liberty to talk in their very own language whatever the different individual’s language they’re talking to. Howdy Pal’s overriding mission is to deliver the world nearer collectively via social interplay, language studying and journey. By making a platform the place it’s simple to immediately work together with others world wide and giving them the instruments to speak with one another in a joyful and enjoyable manner, we hope to do our half (nonetheless small) in fostering understanding and tolerance between all residents of the world.
Info set forth on this information launch comprises forward-looking statements. These statements replicate administration’s present estimates, beliefs, intentions, and expectations; they don’t seem to be ensures of future efficiency. Howdy Pal cautions that every one forward-looking statements are inherently unsure and that precise efficiency could also be affected by quite a few materials components, lots of that are past Howdy Pal’s management. Such dangers and uncertainties are described in Howdy Pal’s annual and interim monetary statements accessible on www.sedar.com. Though Howdy Pal is at present producing revenues, Howdy Pal stays within the development stage and such revenues are but to be worthwhile. Accordingly, precise, and future occasions, circumstances and outcomes could differ materially from the estimates, beliefs, intentions, and expectations expressed or implied within the forward-looking data. Besides as required underneath relevant securities laws, Howdy Pal undertakes no obligation to publicly replace or revise forward-looking data.
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Howdy Pal Worldwide Inc. printed this content material on 16 November 2021 and is solely accountable for the data contained therein. Distributed by Public, unedited and unaltered, on 16 November 2021 12:16:02 UTC.