Hydro Hash

Hydro Hash

Closed: Jun. 2023

About this raise

Hydro Hash, with a valuation of $19.5 million, is raising funds on Republic. The company provides liquid-cooled crypto mining powered by renewable energy. The application-specific integrated circuits of Hydro Hash can be run cool and have extended longevity and higher efficiency. Hydro Hash offers a dynamic selection of coins or algorithms to mine based on profitability. James McGibney founded Hydro Hash in December 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $5 million. The campaign proceeds will be used for capital equipment, colocation and power, research and development, operations, and general and administrative expenses.

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Investment Overview

Invested this round: $495,750

Deal Terms

Total Commitments ($USD)

Platform
Republic
Start Date
05/02/2023
Close Date
06/30/2023
Min. Goal
$25,000
Max Goal
$5,000,000
Min. Investment

$250

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$19,500,000

Discount

0%

Company & Team

Company

Year Founded
2021
Industry
Financial & Insurance Products & Services
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Location
ALBUQUERQUE, New Mexico
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
Yes
Founder Name
Richard Bentley
Title
CEO

Financials

as of Fiscal Year 2022
 Revenue
$0
 Monthly Burn
$62,388
 Runway
24+ months

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$748,660

$8,575

Tax

$0

$0

 

 

Net Income

$-748,660

$-8,575

Summary Balance Sheet

FY 2022 FY 2021

Cash

$3,565,600

$1,000

Accounts Receivable

$0

$0

Total Assets

$4,581,430

$1,000

Short-Term Debt

$27,630

$9,575

Long-Term Debt

$5,311,035

$0

Total Liabilities

$5,338,665

$9,575

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$5,000,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/30/2023 Republic $19,500,000 $495,750 SAFE Funded RegCF
04/21/2022 Republic $12,000,000 $5,000,000 SAFE Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Add to portfolio
Hydro Hash on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $19,500,000

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Follow Hydro Hash on Republic 2023

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Warning: according to the close date for this deal, Hydro Hash may no longer be accepting investments.

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