Introducing Segments S23: A Bitcoin Hashrate Entitlement You Hold, Starting With a 1 PH/s Beta

Here is a question every hashrate buyer eventually asks. When the order ends, what do I actually keep? With rented hashrate, the honest answer is the Bitcoin it mined, and nothing else. That is fine for many jobs, and it is exactly what IonGrid sells every day. But it leaves a gap for people who want their access to hashrate to outlast a single order. Today Segments, the team behind IonGrid, opens a product built for that gap. It is called S23, and its beta is live now at one petahash per second.

Start from zero. What is S23?

S23 is a token on the Solana network that carries an entitlement to Bitcoin hashrate while you hold it. Holding it is the entitlement. Staking it is deployment: you tell the staking app which pool to mine at, the hash starts working, and the token stays in your position the whole time. Your pool credits the work and pays you in Bitcoin under its own schedule, so the mining income never passes through us. When you are done, you unstake, and the token is still yours to keep or to sell.

That last part is the whole idea. A rental ends and leaves nothing behind. A cloud mining contract runs down a fixed term. S23 works more like a standing entitlement to a slice of a mining machine's hashrate, without buying one, hosting one, or keeping one cool.

Why start with 1 PH/s?

Because a beta should be small enough to watch closely and big enough to be real. The published pool is 1,000 TH/s, and staking capacity in the beta is capped at 1,000 S23. Every staked token carries a floor of 1 TH/s. Above that floor, the pool is shared among whoever is staked, and that is where the early advantage comes from.

Run the numbers as of September 22. Just 138 S23 were staked, so each staked token carried 1,000 divided by 138, about 7.25 TH/s. That is more than seven times the floor. As more people stake, each token's share moves toward 1 TH/s, which means the earliest stakers hold the biggest slice of the beta pool.

What does a staked token produce?

At the network hashprice on September 22, about 41.27 dollars per petahash per day with Bitcoin at 86,529 dollars, one staked S23 was producing roughly 30 cents of mining income a day. Over 30 days that comes to about 8.97 dollars, or roughly 0.000104 BTC, gross. Against the 27 dollar token price, that is about 33 percent of what the token costs, produced in 30 days of mining at the current allocation, and you still hold the token at the end.

Those figures move with participation, difficulty and the price of Bitcoin, which is why the staking app shows them live and refreshes every minute. Our S23 page shows the same live allocation and prices it with the IonGrid Index, the hashprice we use across IonGrid.

The beta benefit: free electricity through October

Mining runs on electricity, and during the beta Segments is covering it. Stake now and nothing comes out of your mining income for power through 31 October 2026. After that, electricity is settled at the tariff published in the whitepaper. So the timing is simple. The earlier you stake, the more of the free window you use, and the larger your share of a pool that fewer people are sharing.

How do you get started?

• Buy S23 on segments23.com. Choose your amount, pay in USDT or USDC, and the tokens land in your Solana wallet.
• Open the staking app, set your stake, and enter your pool details. ViaBTC, F2Pool, Segpool and Antpool are supported, or bring your own endpoint.
• Stake. Your allocated hash appears in the app, and your mining income appears at your pool.
• Check the official mint before you buy: 9SSe89entupJKK7bZ8WbaX1YY5b78CGUaUNzfGonst9d.

Where does S23 fit next to IonGrid?

IonGrid stays what it is: self serve Bitcoin hashrate by the day, priced off a public index and delivered to any pool you choose. S23 is the token path from the same team. Both pass the acid test we ask every provider to pass in our guide to choosing one: the hash points at a pool you control, and the pool pays you directly. Rent when you want hashrate for a job. Hold S23 when you want an entitlement that keeps working.

• Segments S23 on IonGrid, with the live beta numbers
• How to choose a hashrate provider, and the acid test S23 passes
• The live hashprice index behind the production estimate
• Rent hashrate by the day on IonGrid

So, rent or hold?

We started with a question, so we will end with one. When you think about your place in the work that secures Bitcoin, do you want to rent it by the day, or hold an entitlement to it? Our hope is that S23 makes the second answer as easy as the first: a token in your wallet, hash at your pool, and Bitcoin arriving where it should. The beta is small on purpose. We would love for you to be in it.

Mining output depends on delivered hashrate, network difficulty, pool performance and pool payout terms. Bitcoin and token prices change, and returns are not guaranteed. The figures above are gross estimates from the live S23 feed on September 22, 2026.

Sources

• segments23.com, the S23 home and beta details
• Live staking economics and the 30 day production estimate
• The S23 whitepaper, including capacity and electricity settlement
• The official S23 mint on Solscan
• mempool.space mining data, the source of the network rate