HashPower Secures Major Investment to Drive AI Infrastructure
HashPower Secures Up to $50M Investment in Hong Kong
HashPower proudly shares the establishment of a Memorandum of Understanding (MOU) securing an impressive amount of up to $50 million. This investment is crucial for advancing their $HPX initiative during a successful AI & DePIN Powerhouse event in Consensus HK, emphasizing significant development in AI, decentralized physical infrastructure (DePIN), and innovative decentralized solutions.
Success of the AI & DePIN Powerhouse Event
The AI & DePIN Powerhouse event turned out to be a remarkable occasion, attracting over 2,000 attendees comprising seasoned founders, investors, and industry leaders. Through captivating panels, networking opportunities, and keynotes, the event also featured a dynamic discussion hosted by Invest HK, focusing on the evolving landscape of decentralized AI and infrastructure technologies.
Strategic Partnerships for Growth
HashPower has formed this vital strategic MOU with reputable firms such as Aethir, Network3, Multiple Network, XPIN Network, Planck Network, DMC AI, and Inferix. This alliance is focused on enhancing ecosystem growth and fostering technology sharing among partners. By working together on targeted investments, sharing key resources, and collaborating on research projects, the partnership aims to catalyze sustainable advancements in the field of AI-driven decentralized infrastructure.
Kudos to Our Sponsors
This stellar event would not have reached such heights without incredible support from our Diamond sponsors and partners, including Gaianet, DMC.AI, Wearfit, BIT, Likwid.fi, IO.net, IoTeX, Filecoin, elizaOS, Amber Group, Fenbushi Capital, Nubila, Cyberport, and FBG Capital. The discussions centered on the newest trends in crypto mining, the role of AI and DePIN, and the real assets on the blockchain.
Innovative Technologies from Network3 and Autonomys
Network3 is pioneering a decentralized Edge AI infrastructure, aiming to empower AI developers globally to evaluate, train, and validate their models more efficiently. The platform boasts over 630,000 active nodes and has deployed more than 9,500 mining machines, recently raising $5.5 million in funding. The launch of the $N3 token on exchanges such as Bybit, Gate, and BingX marks a pivotal moment for the project.
Autonomys combines an advanced decentralized AI ecosystem featuring highly efficient distributed storage and a scalable compute architecture. This cutting-edge platform supports the creation and deployment of super dApps and on-chain agents, allowing projects to harness AI capabilities to achieve more autonomous functionalities.
About HashPower
HashPower is set to transform the mining sector by integrating traditional operations on-chain. With a globally networked infrastructure, HashPower emphasizes transparency and relevance, rendering mining accessible and fulfilling for a broad spectrum of participants. For more information about our initiatives, please visit https://www.hashpowerx.com/.
About DePIN X
DePINX stands as a prominent mining operator and investment institution specializing in AI and DePIN fields. With a wealth of seven years of experience in the industry, they manage a dedicated $50 million mining fund and oversee GPU clusters valued over $100 million. Their strategic collaborations with venture capital firms and exchanges set the stage for comprehensive mining solutions that contribute to sustainable project growth.
Contact Us
For inquiries regarding HashPower, please reach out to: Brian at brian.lam@hashpowerx.com.
For DePIN X inquiries, contact: Cindy at cindyyu@depinxcapital.com.
Frequently Asked Questions
1. What is the significance of the $50 million investment MOU?
The MOU signifies a strategic partnership and financial commitment to advance AI and decentralized technology initiatives.
2. Who attended the AI & DePIN Powerhouse event?
The event brought together over 2,000 participants, including industry leaders, founders, and investors.
3. What technologies are being developed through this MOU?
Technologies focus on enhancing the decentralized infrastructure through AI and DePIN, alongside collaborative efforts for innovative solutions.
4. How does HashPower plan to utilize this investment?
HashPower will leverage this investment to expand its mining operations and technological development in the AI sector.
5. How can I learn more about HashPower and their initiatives?
For additional information, you can visit their official website at https://www.hashpowerx.com/.
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