Hydro Hash
Liquid-cooled crypto mining powered by renewable energy
Overview
Raised: $120,956
Total Commitments ($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
Valuation Cap
$19,500,000
Discount
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
06/03/2023
Days Remaining
27
% of Min. Goal
484%
% of Max. Goal
2%
Likelihood of Max
Avg. Daily Raise
$3,780
# of Investors
191
Momentum
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Year Founded
2021
Industry
Financial & Insurance Products & Services
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
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.
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 |
Financials as of: 05/02/2023
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