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.
