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 at Consensus HK. This strategic move marks a substantial step towards the expansion of AI, DePIN, and decentralized infrastructure innovation.

The MOU was established with prominent partners such as Aethir, Network3, Multiple Network, XPIN Network, Planck Network, DMC AI, and Inferix. The collaboration 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, organized by HashPower and DePIN X, was a resounding success, attracting 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.

HashPower is revolutionizing the mining industry by bringing traditional operations on-chain, with a globally distributed infrastructure and a commitment to transparency. The company makes mining accessible and rewarding for everyone. DePIN X, a leading mining operator and investment institution in the field of AI and DePIN, has a rich 7-year history in DePIN mining and manages a $50 million mining fund. Together, HashPower and DePIN X are driving innovation and growth in the AI and DePIN sectors.