Share this article
Listed Canadian Firm Hello Pal Buys Dogecoin, Litecoin Mining Startup for $3.5M
The company says it's the first listed company to have a dogecoin mining arm.
Updated May 9, 2023, 3:19 a.m. Published May 27, 2021, 2:39 p.m.
Hello Pal, a Vancouver-based producer of phrasebooks and real-time translations apps, has acquired a startup, bringing it direct exposure to cryptocurrency.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
While the purchase of mining platform Crypto Pal was revealed on May 25, the Canadian firm, which is listed on several stock exchanges (CSE: HP) (Frankfurt: 27H) (OTC: HLLPF), published more details on Thursday.
Crypto Pal was acquired for the "low" cost of US$3.5 million, according to Hello Pal, including $1.5 million in cash and 1,800,000 common shares, plus warrants.
As a result, Hello Pal owns a 51% stake in the miner, and will soon offer users the ability to own all or fractions of its cryptocurrency mining rigs and receive the crypto assets mined.
Hello Pal said it believes it is now the "only listed issuer primarily focused on mining dogecoin."
Hello Pal offers a number of mobile messaging apps that focus on "social interaction, language learning and travel." The firm said in the announcement that its platform is now being upgraded to enable access to and use of cryptocurrency across its products.
"Dogecoin, often referred to as 'the people's coin,' is being rapidly accepted and adopted internationally, said Hello Pal founder and CEO KL Wong. "We anticipate gains to our userbase and livestreaming services from the integration of dogecoin."
Crypto Pal is said to have 12,500 rigs mining dogecoin and litecoin at multiple locations, with its new owner having tapped Yitang Data Technology to manage the operations.
Read more: Goldman Sachs Report Projects Coinbase Stock Will Climb to $306, Looks to DeFi and Beyond
Больше для вас
Что нужно знать:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Больше для вас
VanEck's new Avalanche ETF filing to include staking rewards for AVAX investors
The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
Что нужно знать:
- VanEck has updated its filing for an Avalanche ETF, VAVX, to include staking rewards, aiming to generate income for investors by staking up to 70% of its AVAX holdings.
- The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
- If approved, the fund will trade on Nasdaq under the ticker VAVX, tracking AVAX's price via a custom index, and will be custodied with regulated providers, including Anchorage Digital and Coinbase Custody.
Top Stories
