You’re NOT buying a security when you buy hashrate. Here’s why—there’s a little thing called The Howey Test in the U.S.

This benchmark for determining whether a product or service constitutes a security examines whether the scheme in question involves:

🟣 An investment of money

🟣 In a common enterprise

🟣 With an expectation of profits

🟣 Solely from the efforts of others

Our hashrate agreements do not satisfy two critical aspects of the Howey test: a "common enterprise" and profits coming predominantly from the "efforts of others."