HashPower completes $4 million strategic financing through on chain pledge and revenue agreement, with participation from HashKey Capital and others

According to Chainwire, HashPower, an on chain staking and revenue agreement, announced the completion of a $4 million strategic financing round, with participation from HashKey Capital, FBG Capital, Hailstone Labs, and DePIN X Capital. The funds will be used to expand global decentralized mining capabilities and build digital assets and AI infrastructure through permissionless on chain access. HashPower has previously signed a $60 million memorandum of cooperation with eight institutions, including Aethir and Automata Network, to jointly promote decentralized mining and AI infrastructure research and development. The platform uses the DePIN+AI token economic model to enable users to obtain staking and mining profits without holding hardware. Currently, it relies on a global node network to provide on chain computing power reward distribution.