Bitcoin Mining Service Provider Luxor Launches Hashprice OTC Derivative
The company will track hashrate values through its own index and will pay out in USD or BTC, enabling non-physical access to the bitcoin mining industry.Luxor Technologies is launching an OTC NDF derivative for the bitcoin mining industry. The NDF will follow the hashprice of different companies and offer varying contract terms with flexible settlement options, including BTC.The NDF will follow Luxor’s Hashprice Index to determine hashprice values. Luxor Technologies, a bitcoin mining service provider, has launched the Luxor Hashprice NDF, an over-the-counter (OTC) bitcoin mining....
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Better luck next time? Luxor’s OTC Bitcoin mining derivatives could offer miners “a much needed tool to hedge their mining operations.” Hedging against downside has always been a challenge for Bitcoin BTC miners, and the current bear market is a perfect example of how energy prices and crypto market volatility can negatively impact miners’ profit margins and their ability to stay solvent. Oftentimes, institutional and retail traders use BTC-, stablecoin- and U.S. dollar-settled derivatives (options and futures contracts) to create hedging strategies that mitigate downside in Bitcoin price,....
On January 11, 2022, the Washington-based bitcoin mining operation Luxor announced the launch of a new application-specific integrated circuit (ASIC) trading desk. According to the company, Luxor’s new trading desk will give miners and investors access to bitcoin ASIC mining rigs “at a fair market price.”
NYDIG-Backed Mining Operation Luxor Reveals ASIC Trading Desk Service
The bitcoin mining firm Luxor aims to purchase and sell bitcoin mining machines via the company’s new ASIC trading desk service. The press release published on Luxor’s web....
Bitcoin mining company Luxor Technology has raised $5 million in a round led by NYDIG, which will also partner with Luxor on mining projects.
The bitcoin mining services provider said it would purchase and sell rigs on behalf of its team and miners and investors on its network.
Bitcoin mining company, Luxor, has launched indices that track hash rate price and cost of ASIC miners in order to analyze the various costs related to mining.