Hello Pal International Inc. 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% 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. 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.