I was curious what algorithm is behind the MySQL PASSWORD() method. According to the MySQL reference manual, "you should not use it in your own applications. For that purpose, consider MD5() or SHA1() instead."[1]
Also, in addition to confirming that our own hash was genuine, 9gag's password was very weak and their hash can be reversed with online rainbow tables.
Hint: I'm the head of ops, the password matched what I had set (16 characters, mix of letters, numbers and symbols, not used anywhere else).