Hello Pal International Inc. announced that the Antminer L7 mining rigs have arrived in the United States and Australia and are currently being prepared for installation at their respective mining facilities. As previously announced in the Company's November 18th, 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.