TechFlow reports that Bitcoin mining company Luxor Technology and digital asset derivatives exchange Bitnomial have launched a Bitcoin mining derivative product called Hashrate Futures (HUP), now available on Bitnomial's U.S. derivatives exchange.
This is a derivative futures contract for trading computing power on the Bitcoin blockchain, designed to provide miners with a way to hedge their revenue while giving investors exposure to Bitcoin mining hashrate.
The product uses Luxor's Bitcoin Hashprice Index as the settlement reference rate and also offers non-deliverable Hashrate Forwards.
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