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Hydro Hash isn't accepting new investments

Hydro Hash’s deadline was April 21, 2022

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Hydro Hash

Liquid-cooled crypto mining powered by renewable energy
Closing Soon Crypto Crowd SAFE
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Sold out
$5,000,000
Maximum funding goal reached
4,996
Investors
Successfully funded and closed on April 21, 2022.
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Closed on April 21, 2022. Information may not be up-to-date. Campaign closed on April 21, 2022. Information displayed may not be up-to-date.
Problem Solution Product Traction Biz. model Competition Vision and strategy Team
About Team

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Hydro Hash Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Hydro Hash Crowd SAFE Hydro Hash Form C.pdf
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Hear from some of the 4,996 investors in Hydro Hash


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Highlights


  • Liquid-cooled crypto mining for greater efficiency
  • Powered by cheap and sustainable hydropower
  • Dynamic selection of coin/algorithm to mine, based on profitability
  • Led by experienced miners and tech entrepreneurs
  • Vision: the world's most advanced & efficient crypto mining operation

Problem


Miners are still air-cooled in a liquid-cooled world

Almost all crypto mining rigs are air-cooled, just like an old VW bug or boring beige computer.

Modern cars and gaming PC´s have gone liquid-cooled, and for good reason: it’s cheaper and more reliable to cool with liquid than with air. Even Tesla batteries are liquid-cooled.

—
Crypto's sustainability problem

Crypto mining is routinely criticized for being environmentally unfriendly. Bitcoin mining consumes 0.5% of all electricity used globally—that’s more than the entire population of Finland’s 5.5 million people.

Solution


Liquid-cooled mining powered by renewable energy

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.

—
Renewable energy can cost less

The average electricity rate in the U.S. is $0.1042 per kilowatt-hour, but hydroelectric power can be bought in quantity for as low as $0.06/kWh—including hosting—and even less without.

Product


Efficient to maximize results

  • We run a mix of commercially available miners, both ASIC and GPU.
  • We use liquid cooling, a mix of both waterblock and immersion. This gives us increased efficiency and results.
  • We dynamically select the coin/algorithm to mine based upon current profitability calculations.
  • We hold the results: both BTC and staking ETH 2.0.
  • Would you rather just hold cryptocurrencies, or mine more every day?

—
Types of cooling

  • Waterblock cooling generally requires custom waterblocks for each type of miner. We are working with third party partners to supply these. Waterblocks are readily available for GPU's but are pretty much custom development work for ASIC's.  
  • Bitmain has announced a liquid cooled miner straight from the factory ... we'll see when we can actually get our hands on them, we're not going to wait.
  • In the meanwhile, you can take any liquid cooled computing device and unceremoniously dump it in a tank of mineral oil and it will run fine—even better, it will run cooler. You still need to cool that mineral oil, but we have a way to start mining liquid cooled right out of the gate.

—
This is all a lot of work, and highly technical, and easy to get wrong, but we do this so our shareholders don't have to. Shareholders own a piece of the company and the company mines crypto every day.

Traction


Experienced out of the gate

We are a brand new company, so at least we haven't made any mistakes yet.  However, our key team members have mined crypto as far back as 2011 and built custom liquid cooled mining rigs by hand ourselves. We are taking things up a level and doing it all by best practices and at scale.

We got this.

Business model


How we all make money

We mine crypto, mostly BTC on ASIC but some other coins on GPU (with algorithms that select whatever is most profitable at the time). We "hodl" in BTC and stake Ethereum.

Note that ASICS are the fastest miners and are well suited for BTC. Ethereum, and similar cryptos, are made to be "ASIC-resistant" and is best mined on GPU.

We have to buy mining rigs and apply liquid cooling to them, this is where most of the capital goes. The listed prices of miners rarely reflect the actual price and delivery dates promised can get delayed for months. We've even heard of the manufacturers running the gear themselves when prices are high, for months at a time, and only shipping when the price drops.

Competition


We've got some
big shoes to fill

People are making crazy money mining crypto, and the stock prices of the publicly traded companies in the space reflect that.


We believe the efficiencies from liquid cooling will give us the edge.

*market caps as of Jan 27, 2022

Vision and strategy


Our mission

To become the most technically advanced and efficient crypto mining company on the planet...

...scaling in size to the top of our industry...

...all while maintaining a sustainable energy footprint.

Team


Experienced miners and successful entrepreneurs

Rick Bentley: Chairman

Rick Bentley, Chairman. Rick Bentley has a long history of leadership and innovation in Silicon Valley. He was first mining crypto in 2015 while working full time at Google. When Ethereum came out he was mining on liquid-cooled GPU rigs of his own design.

He’s started several tech companies: one was backed by Softbank and bought by Uber; another has had two successful Reg CF rounds, on Republic and Wefunder, and a Reg A+ fundraise of over $30M. Mr. Bentley has a B.A. in Physics and a Masters in Engineering from University of California at Berkeley. 

—
James McGibney: CEO

James has a long track record of successful startup experience. James founded SecuraTrak, Cheaterville, and Bullyville. His work has gotten him interviews on Dr. Phil, ABC Nightline, Anderson Cooper and others. He has also been a Senior Director of Cybersecurity at Rosendin since 2013. He has a Cybersecurity Certification from Harvard University, a Masters degree from Boston University and was a United States Marine from 1992-2000. 

—
Brad Degnan: CTO 

Brad Degnan has a long history of Systems Administration 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.  

Deal terms


Funding goal
$25K / $5M
Hydro Hash needs to raise $25K before the deadline. The maximum amount Hydro Hash is willing to raise is $5M.
Learn more
Security type
Crowd SAFE
A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event.
Learn more
Conversion Price
$1.20
Deadline
April 21, 2022
Hydro Hash needs to reach their minimum funding goal before the deadline ().If they don’t, all investments will be refunded.
Learn more
Minimum investment
$100
The smallest investment amount that Hydro Hash is accepting.
Learn more
Maximum investment
$500K
The largest investment amount that Hydro Hash is accepting.
Learn more
Nominee Lead
CEO of Hydro Hash Inc
Implied Valuation from Conversion Price
$12M

The implied valuation of the company based on the SAFE’s conversion price and the company’s fully diluted capitalization as of 2/4/2021.

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Hydro Hash Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Hydro Hash Crowd SAFE Hydro Hash Form C.pdf

About Hydro Hash

Legal Name
Hydro Hash Inc.
Founded
Dec 2021
Form
Delaware Company
Employees
3
Website
hydrohash.io
Social Media
None
Headquarters
Google Map location of of Hydro Hash
320 Gold Ave, SW, Ste 620, PMB 1810 , Albuquerque , NM
Headquarters
320 Gold Ave, SW, Ste 620, PMB 1810, Albuquerque , NM, United States 87102

Hydro Hash Team
Everyone helping build Hydro Hash, not limited to employees

Profile picture of Rick Bentley
Rick Bentley
Founder/Chairman
Featured in Superheroes · Read
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.
Profile picture of James  McGibney
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.
Profile picture of Brad Degnan
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.
Rick Bentley
Founder/Chairman
James McGibney
CEO
Brad Degnan
CTO
Logo of Hydro Hash

Hydro Hash

Hydro Hash successfully raised $5,000,000 from 6109 investors on April 21, 2022
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Steve, Reed, Khuzema, Randall, Robert L, and 6104 others invested. 846 Reviews

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