Hello Pal International Inc. announced that it has upgraded approximately one third of its Litecoin/Dogecoin mining rigs to the latest miners released by Bitmain. The company, via its subsidiary CPal Technology Limited, sold 4,500 of its existing Antminer L3+ mining rigs for a consideration of USDT 2.1 million (approximately CAD 2.67 million). Compared with the effective purchase price of those mining rigs when 12,500 mining rigs were purchased for CAD 3.5 million earlier in June this year, this represents a profit of over 100% for this sale. Using those proceeds, the company has purchased 100 units of Antminer L7 mining rigs, which are the latest Litecoin/Dogecoin mining rigs to be released by Bitmain. L7 mining rigs have a hashrate of 9500 MH/s, which is 19 times more than that of the existing L3+. The company expects to receive these new mining rigs in November this year, and has arrangements to purchase more, as these mining rigs bring numerous advantages. Apart from the increased mining power, it will also require less maintenance, and will be easier to house in mining facilities due to the reduced space it will require compared to the electricity fees received by the mining facilities. These advantages in turn mean that the company will have a lot more flexibility in terms of where its mining rigs can be housed. As mentioned in Hello Pal's press release on October 5th, the company continues to expand its business on an international level to diversify risk for its shareholders.