LUXOR TECHNOLOGY is partnering with BITNOMIAL to offer the first exchange-traded hashrate futures in the United States. This product aims to help miners hedge their income risks before the halving event in April. The futures will be settled in cash and do not require physical delivery of underlying assets. The pricing will be based on HASHPRICE, which represents the Bitcoin mining income obtained from a unit of hashrate within a specific time period.

Bitcoin mining software and service company Luxor Technology has partnered with cryptocurrency derivatives company Bitnomial to offer the first exchange-traded hashrate futures in the United States. This collaboration aims to help miners hedge their income risks ahead of the halving event in April. In a joint statement, both companies stated that the product will be settled in cash, meaning that the futures contracts do not require physical delivery of the underlying asset. These contracts will be based on the hashprice, which refers to the Bitcoin mining income obtained by miners from a unit of hashrate during a specific time period. (CoinDesk)

LUXOR TECHNOLOGY Partners with BITNOMIAL to Launch the First Hashrate Futures in the United States