Loka Launches Bitcoin Mining Pool for Institutional Investors With Support From Hashlabs
Summary
Loka Mining has introduced a protocol in partnership with Hashlabs that enables bitcoin miners to sell their future rewards to institutional investors at a discount, providing immediate cash for operational use. The protocol is expected to attract companies affected by the recent halving and offers a hedge against market volatility. Loka's protocol provides investors with access to bitcoin at below-market prices through overcollateralized and tokenized forward hashrate contracts directly from miners. The protocol offers non-custodial, trust-minimized access to bitcoin, rewarding miners for their network service. Loka Mining is backed by BTC Startup Lab, Dfinity Foundation, Outlier Ventures, and Kilonova Ventures.
