diff --git a/src/Asset.js b/src/Asset.js
index e08758baee0..7406c129c16 100644
--- a/src/Asset.js
+++ b/src/Asset.js
@@ -2,13 +2,13 @@ const URL = require('url');
 const path = require('path');
 const clone = require('clone');
 const fs = require('./utils/fs');
-const objectHash = require('./utils/objectHash');
 const md5 = require('./utils/md5');
 const isURL = require('./utils/is-url');
 const config = require('./utils/config');
 const syncPromise = require('./utils/syncPromise');
 const logger = require('./Logger');
 const Resolver = require('./Resolver');
+const objectHash = require('./utils/objectHash');
 
 /**
  * An Asset represents a file in the dependency tree. Assets can have multiple
@@ -203,7 +203,6 @@ class Asset {
       await this.getDependencies();
       await this.transform();
       this.generated = await this.generate();
-      this.hash = await this.generateHash();
     }
 
     return this.generated;
diff --git a/src/Pipeline.js b/src/Pipeline.js
index 4d20622ae3c..b311e43f0ef 100644
--- a/src/Pipeline.js
+++ b/src/Pipeline.js
@@ -1,6 +1,5 @@
 const Parser = require('./Parser');
 const path = require('path');
-const md5 = require('./utils/md5');
 
 /**
  * A Pipeline composes multiple Asset types together.
@@ -72,20 +71,21 @@ class Pipeline {
         }
 
         generated = generated.concat(processed);
-        asset.hash = md5(asset.hash + subAsset.hash);
       } else {
         generated.push(rendition);
       }
     }
 
     // Post process. This allows assets a chance to modify the output produced by sub-asset types.
-    asset.generated = generated;
     try {
       generated = await asset.postProcess(generated);
     } catch (err) {
       throw asset.generateErrorMessage(err);
     }
 
+    asset.generated = generated;
+    asset.hash = await asset.generateHash();
+
     return generated;
   }
 
diff --git a/yarn.lock b/yarn.lock
index a08b1dc287d..6797c36c8a4 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -7244,4 +7244,4 @@ yargs@~3.10.0:
     camelcase "^1.0.2"
     cliui "^2.1.0"
     decamelize "^1.0.0"
-    window-size "0.1.0"
+    window-size "0.1.0"
\ No newline at end of file