PANews reported on June 5 that according to Chainwire, HashPower, an on-chain staking and yield agreement, announced the completion of a $4 million strategic financing, with HashKey Capital, FBG Capital, Hailstone Labs and DePIN X Capital participating. The funds will be used to expand global decentralized mining capabilities and build digital assets and AI infrastructure through permissionless on-chain access.

HashPower has previously signed a $60 million memorandum of cooperation with eight institutions including Aethir and Automata Network to jointly promote the development of decentralized mining and AI infrastructure. Through the DePIN+AI token economic model, the platform allows users to obtain staking and mining income without holding hardware, and currently relies on the global node network to provide on-chain computing power reward distribution.