Hydro Hash

Hydro Hash

Liquid-cooled crypto mining powered by renewable energy

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Security Type
Crowd SAFE
Categories
Crypto & Blockchain
Min Investment
$250
Location
ALBUQUERQUE, NM
Offering Date
February 03, 2022
Expected Close Date
June 30, 2023
Target Raise
$25.00K-$5.00M
No. Investors
645
Security Price
$1
Valuation
$19,500,000
Website
hydrohash.io
Number of Employees
5
Cash
$3,565,600
Revenue
$0
Short Term Debt
$27,630
Cost of Goods
$748,660
Long Term Debt
$5,311,035
Net Income
$-748,660

Company Description

With a liquid-cooled mining rig, the ASICs (Application-Specific Integrated Circuits) can reliably be run cool. Maintaining a narrower and more predictable temperature range extends their longevity, while running higher sustained loads for greater efficiency. This consumes less overall power for a given hashrate and increases the overall profitability of operations.

Management Team / Advisory Board Bios

Rick Bentley
Founder/Chairman
Featured in Superheroes
Started mining in 2015 while at Google. When Ethereum came out he was mining on liquid cooled GPU rigs of his own design. One company he started was backed by Softbank and bought by Uber; another has two Reg CF’s and a Reg A+ fundraise of over $30M.

James McGibney
CEO
James founded SecuraTrak, Cheaterville, and Bullyville. He has been interviewed on Dr. Phil, ABC Nightline, Anderson Cooper and others. He has a Cybersecurity Cert from Harvard, a Masters degree from Boston University and was a United States Marine.

Brad Degnan
CTO
Brad a long history of managing systems in Silicon Valley. He has managed servers and networks for Electronic Arts, deCarta (bought by Uber), IronPort Systems, Cisco, Thoughtmatrix, Enmetric Systems and Redaptive. He first started mining BTC in 2011.
Amount Raised : $495,750
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Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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