Hyper Bit Begins Altcoin Mining at Quebec Renewable Facility with 11 MW Capacity
Hyper Bit Technologies Ltd. (CSE: $HYPE) (OTC: $HYPAF) said on Monday that its affiliate, Dogecoin Mining Technologies Corp., commenced mining of Dogecoin (CRYPTO: $DOGE) and Litecoin (CRYPTO: $LTC) at a newly built, renewable-powered datacenter facility in Quebec, Canada, with a capacity of 11 megawatts (MW).
According to the company, the mining operation began in September 2025, with the first tranche of 20 ElphaPex DG1+ rigs now online and hashing at the facility.
DMTC reported it had mined 56,902.764 DOGE to date, and anticipates receipt of 25 next-generation DG2 miners as part of its scaling plan.
The facility is powered by renewable energy and hosts the mining hardware under a co-location agreement. The company highlighted that the effective power cost structure at the facility is under USD $0.07 per kilowatt-hour.
The announcement comes ahead of the planned acquisition of DMTC by Hyper Bit, initially announced in August 2025, which would make the mining arm a wholly owned subsidiary.
Under the agreement, DMTC has secured hardware supply agreements for up to 2,660 ElphaPex DG1+ and DG2 rigs and the right to scale operations at the 11 MW facility.
The startup’s focus on alt-coin mining (DOGE, LTC) powered by renewable energy may give Hyper Bit a differentiated niche compared to traditional bitcoin-only miners, potentially offering cost advantages and diversification.
Hyper Bit’s pivot to DOGE and LTC mining via DMTC at a renewable-powered 11 MW datacenter in Quebec marks a strategic move into alt-coin mining, underlined by low-cost power and scalability ambitions.
Hyper Bit Technologies Ltd. (CSE: HYPE; OTC: HYPAF) shares are trading at US$0.20, down about 2.40% on the day.