Hello Pal Signs Definitive Purchase Agreement to Acquire Interest in Dogecoin/Litecoin Mining Assets
VANCOUVER, BC, April 19, 2021 /PRNewswire/ Hello Pal International Inc. ( Hello Pal or the Company ) (CSE: HP) (Frankfurt: 27H) (OTC: HLLPF), a provider of rapidly growing international live-streaming, language learning and social-crypto platform, is pleased to announce that it has entered into a definitive purchase agreement (the Agreement ) with a company controlled by Shanghai Yitang Data Technology Co. Ltd. ( Yitang ) to acquire an initial 51% interest in 12,500 mining rigs dedicated to mining Dogecoin (DOGE) and Litecoin (LTC) (the Mining Assets ), with an option to increase such interest to 100% (the Transaction ). The Mining Assets provide a combined hash rate of 6.25 TH/s, which amounts to 2.1% of the entire current LTC network hash rate.