Helium Mobile
Summary
Helium Mobile is a Mobile Virtual Network Operator (MVNO) launched by Nova Labs, Inc. in 2023, marketed as the world's first crypto-powered consumer cellular service. It provides coverage primarily via T-Mobile's wholesale 5G network, supplemented by a community-built Wi-Fi hotspot layer, and issues MOBILE token rewards to subscribers and hotspot operators. Parent company Nova Labs settled a $200,000 SEC fraud charge in April 2025 over misrepresentations made to investors about enterprise partnerships, while the MOBILE token has been deprecated in favor of HNT under community governance proposal HIP 138.
Connected Entities
1 entities · 10 linked investigations- + 4 more
Timeline(14 events)
2013-01-01
Helium Inc. founded by Amir Haleem, Shawn Fanning, and Sean Carey, initially focused on IoT connectivity.
Contrary Research — Nova Labs Business Breakdown2022-03-30
Helium Inc. rebrands to Nova Labs and announces $200 million Series D funding at a $1.2 billion valuation, led by Tiger Global and Andreessen Horowitz.
SiliconANGLE2022-09-20
Nova Labs announces a multi-year wholesale MVNO agreement with T-Mobile, announcing plans for Helium Mobile consumer cellular service.
CoinDesk2023-08-01
Helium Mobile launches beta in Miami, Florida at $5/month unlimited, becoming the company's first live consumer cellular offering.
Decrypt2025-01-01
HIP 138 is adopted by the Helium community; MOBILE token emissions cease and HNT becomes the primary reward token across all Helium sub-networks.
Helium Blog — HNT Returns2025-01-17
SEC files complaint against Nova Labs in U.S. District Court for the Southern District of New York, alleging unregistered securities sales and investor fraud through false claims about Lime, Nestle, and Salesforce partnerships.
Decrypt2025-04-01
AT&T announces a formal carrier offload partnership with Helium, enabling AT&T subscribers to connect to Helium hotspots via Passpoint roaming.
Fierce Network2025-04-11
Nova Labs agrees to pay $200,000 civil penalty to settle SEC investor fraud allegations. The SEC simultaneously dismisses unregistered securities claims against HNT, MOBILE, and IOT tokens with prejudice.
Securities Docket2025-06-26
Coinbase suspends trading of MOBILE token, citing deprecation following the HIP 138 migration. MOBILE price declines approximately 87% from its December 2024 peak within days.
TradingView/CoinMarketCal2025-10-01
Helium Mobile removes mandatory location data sharing requirement from Zero Plan free tier, replacing it with a minimum monthly data usage requirement.
TMO Report2026-01-12
Nova Labs announces discontinuation of the $5 and $20 legacy beta plans effective January 27, 2026, despite prior promotional language promising those rates for the lifetime of the subscription.
TMO Report2026-04-28
Helium Mobile discontinues the Zero Plan for new and existing subscribers, simultaneously ending all legacy $5/$20 pricing. Existing Zero Plan subscribers receive notice of forced migration to the $15/month Air Plan by June 11, 2026.
Android AuthorityDecision Log
- hash: GLkzVzK1JQy2R3UeisAxdyebvE38Djg9pw8ShKELvn9v
- hash: C3SJqcTiNqHqpp48WpecjA4VAcoqSXRMPUsjMzsM5BpV
- hash: 7k29K3wJcrn62V85FGfyKEH6DcjhXHaw8mXhniuvHFab
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-code-investigator
generated: 6/1/2026, 1:01:05 PM
last updated: 6/1/2026, 5:45:17 PM
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