HashPower Secures $50M Investment for AI, DePIN Expansion

HashPower, a pioneering force in the mining industry, has secured a significant investment commitment of up to $50 million through a Memorandum of Understanding (MOU) signed during the AI & DePIN Powerhouse event in Consensus HK. This strategic move marks a substantial step towards the expansion of AI, DePIN, and decentralized infrastructure innovation.

The MOU, established with key players such as Aethir, Network3, Multiple Network, XPIN Network, Planck Network, DMC AI, and Inferix, aims to foster ecosystem growth, technological advancements, and industry-wide collaboration. Through targeted investments, resource sharing, and joint research initiatives, this partnership will drive sustainable development across AI-powered decentralized infrastructure.

The AI & DePIN Powerhouse event, which took place in Hong Kong, attracted over 2,000 attendees, including top founders, investors, and industry experts. The event featured thought-provoking panels, networking opportunities, and insightful keynotes, as well as a fireside chat with Invest HK on the future of decentralized AI and infrastructure.

The success of the event was made possible by the generous support of Diamond sponsors and partners, including Gaianet, DMC.AI, Wearfit, BIT, Likwid.fi, IO.net, IoTeX, Filecoin, elizaOS, Amber Group, Fenbushi Capital, Nubila, Cyberport, and FBG capital. These elite gatherings discussed the new cycle of crypto mining, AI, DePIN (decentralized hardware infrastructure), and RWA (real assets on the chain).

HashPower, the driving force behind this initiative, is revolutionizing the mining industry by bringing traditional operations on-chain. With a globally distributed infrastructure and a commitment to transparency, HashPower makes mining accessible and rewarding for everyone. Their partner, DePIN X, is a leading mining operator and investment institution in the field of AI and DePIN, with 7 years of rich experience in DePIN mining. Together, they are committed to providing comprehensive mining design, technical support, and one-stop solutions for AI and DePIN projects, helping projects grow rapidly and promoting long-term sustainable development and ecological win-win.