Hello Pal announces crypto mining operations in Australia

Hello Pal announces crypto mining operations in Australia
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VANCOUVER – Hello Pal International Inc. (CSE:HP Frankfurt:27H OTC:HLLPF), a provider of rapidly growing international live-streaming, language learning and social-crypto platform, announced the commencement of it’s cryptocurrency mining operations in Australia.

100 Bitmain Antminer L7 Mining Rigs housed in an undisclosed location in Victoria, Australia are fully operational and have commenced mining Litecoin and Dogecoin (LTC, DOGE). The L7 model has a hashrate of 9500 MH/s, which is 19 times more powerful than that of the previous L3+ model. They consume substantially less power and have a stability rate of 98 percent in comparison to the previous stability rate of 70% improving overall profit margins considerably.

Of the 100 mining rigs located in Victoria, 75 are owned by the Company’s subsidiary, CPal Technology Limited, with the remaining 25 belonging to wholly owned subsidiary Hello Pal Asia Limited.

“We are excited for our mining operations to resume again, and pleased that we have been able to diversify the location of our rigs with this Australian mining facility,” said KL Wong, Founder and Chairman of the Company. “We look forward to the remaining 300 mining rigs in North America to also commence operations soon.”

The data centre in Australia is capable of housing up to 20,000 Mining Rigs providing sufficient room for Hello Pal to expand its cryptocurrency mining capabilities onsite down the track.

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.

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