Hydro Hash

Hydro Hash

Growth Stage

Liquid-cooled crypto mining powered by renewable energy

Liquid-cooled crypto mining powered by renewable energy

Overview

Raised this Round: Raised: $495,750

Total Commitments ($USD)

Platform

Republic

Start Date

05/01/2023

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%

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

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: 05/01/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Hydro Hash 06/29/2023 Republic $19,500,000 $495,750 SAFE Funded RegCF
Hydro Hash 04/20/2022 Republic $12,000,000 $5,000,000 SAFE Funded RegCF
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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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Hydro Hash on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $19,500,000

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