Hello Pal International Inc. Provides Update on Crypto Mining and Livestreaming Operations
Hello Pal International Inc., a leading provider of international live-streaming and social-crypto platform based in Vancouver, British Columbia, has recently provided an update on its crypto mining and livestreaming operations. The company has been generating strong monthly revenue from these operations, showcasing its success in the industry.
The crypto mining revenue of Hello Pal includes Dogecoin (DOGE) and Litecoin (LTC) mined by the company’s own Bitmain L7 miners as well as those owned through its subsidiary CPal Technology Limited. The monthly revenue has fluctuated between CAD 170,000 to CAD 317,000 over the past 12 months, totaling approximately CAD 2,500,000. Despite electricity costs averaging around 30% of the revenue, Hello Pal has been able to maintain a profitable operation.
In addition to its crypto mining activities, Hello Pal’s overseas livestreaming operations have also been thriving, bringing in monthly revenues ranging from CAD 200,000 to CAD 580,000 over the past year. With a focus on the Middle Eastern market, the company has developed new versions of its flagship Hello Pal app to cater to the specific needs of users in that region. The upcoming release of these new versions is expected to further boost livestreaming revenue in the Middle East.
Although Hello Pal’s common shares are currently under a cease trade order due to the delay in filing audited financial statements for the fiscal year ended 2023, the company is actively working to engage an auditor to address this issue. Once the financial statements are audited, Hello Pal will provide an update on the anticipated timing for filing the overdue reports.
Despite these challenges, Hello Pal remains committed to its mission of bringing the world closer together through social interaction, language learning, and travel. The company’s user-friendly messaging interface and focus on fostering understanding and tolerance among global citizens set it apart in the industry.
For more information on Hello Pal and its suite of mobile applications, interested individuals can visit the company’s website or contact CEO KL Wong directly. Hello Pal’s dedication to innovation and growth in the social-crypto space continues to drive its success in the market.
