Spettacolo
Hello Pal Announces Arrival of L7 Miners in US and Australia
As previously announced in the Company's November 18 , 2021 press release, a total of 400 mining rigs were purchased by the Company's 51% subsidiary, CPal Technology Limited, and by the Company's wholly-owned subsidiary Hello Pal Asia Limited. Whereas the Company had originally planned for all miners to be located in North America , it has arranged for 100 miners to be located in Australia in order to have increased diversification. These 100 miners have already arrived in Australia and are currently being prepared for installation in a mining facility in Melbourne .
The remaining 300 miners have also arrived in the United States , with a portion similarly awaiting installation in mining facilities located in New York State and Ohio , and another portion awaiting customs clearance before on-delivery to those facilities.
The Company expects the mining rigs to become operational in stages across the various mining facilities, with the first batch of 100 miners to commence mining in Australia sometime before the end of April 2022 .
"We are excited to be able to finally resume our crypto-mining operations soon," said KL Wong, Founder and Chairman of the Company. "We expect the rewards of our mining operations to play an integral role in our upcoming social and livestreaming projects which we will be announcing in due course."
To download Hello Pal, Language Pal, Travel Pal or the proprietary Phrasebooks please visit the IOS or Android store. For information with respect to the Company or the contents of this news release, please contact the Company at (604) 683-0911 or visit the website at hellopal.com. Email inquiries can be directed to: investors@hellopal.com.
The Hello Pal Platform is a proprietary suite of mobile applications built on a user-friendly messaging interface that focus on social interaction, language learning and travel. Hello Pal, has been designed from the ground up to be easy to use and enables users' the freedom to speak in their own language regardless of the other person's language they are speaking to. Hello Pal's overriding mission is to bring the world closer together through social interaction, language learning and travel. By creating a platform where it is easy to instantly interact with others around the world and giving them the tools to communicate with each other in a joyful and fun way, we hope to do our part (however small) in fostering understanding and tolerance between all citizens of the world.