Hello Pal International (TSE:HP) has released an update.
Hello Pal International has reported a significant uptick in its crypto mining operations, hitting a 12-month revenue high of CAD 317,000 in March 2024, with total earnings around CAD 2.5 million, despite electricity costs claiming about 30% of revenue. The company’s livestreaming services also show consistent performance, especially with new app versions targeting the Middle Eastern market. However, Hello Pal faces a cease trade order due to delayed filing of its 2023 audited financial statements, which is being addressed by securing an auditor.
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