HashNet is a multi-currency mining company that combines AI, automation and on-chain payouts. This fact file brings the key details together in one place.
Company basics
| Company | HashNet |
| Founder | Ian Issa |
| Founded | 2022 |
| Type | Multi-currency mining company |
| Licensed entity | HashNet Infrastructure LLC, licensed in the UAE |
| Recognition | Featured among the top five multi-crypto miners in ZyCrypto’s 2026 review |
What HashNet mines
Six coins across four algorithms:
| Algorithm | Coins |
| SHA-256 | Bitcoin (BTC), Bitcoin Cash (BCH) |
| Scrypt | Litecoin (LTC), Dogecoin (DOGE) |
| Equihash | Zcash (ZEC) |
| kHeavyHash | Kaspa (KAS) |
Each algorithm group has its own dedicated hardware, and machines only switch within their own group.
The Alpha Engine
- What it is: HashNet’s proprietary system for automatically switching mining hardware between coins that share an algorithm.
- How it works: it monitors all six coins 24 hours a day, compares the coins within each group, and moves hardware to the most efficient one.
- Speed: roughly 12 milliseconds per switch (company-reported).
- Oversight: engineers define its limits, monitor it through alerts and reviews, and can step in at any time.
Payouts
- Currency: Bitcoin — all output converts to Bitcoin.
- Frequency: every eight hours.
- Method: on-chain, from mining pools through to customer wallets, on public addresses.
- Verification: a wallet address and a public block explorer.
What is on-chain
Mining-pool inflows and payouts to customer wallets. The Alpha Engine’s internal switching decisions are not recorded on a blockchain.
Compliance
- HashNet Infrastructure LLC is licensed in the UAE.
- An invoice is issued for every purchase.
- Hosting partners operate under their own facility licences in the jurisdictions where HashNet’s machines run.
Technology approach
HashNet describes its ecosystem in three layers:
- AI (the brain): scores every coin continuously, watches machines for early signs of failure, and helps balance load, manage cooling and spot energy waste.
- Blockchain (the memory): payouts settle on public addresses anyone can check.
- Automation (the hands): the Alpha Engine acting continuously — software autonomy, not physical robots.
Sites and energy
HashNet chooses sites on high-reliability grids and, where available, lower-carbon or surplus power. It weighs grid reliability, cooling climate, local regulation and energy source, not price alone.
In the founder’s words
“Don’t trust us, verify us.”