Luxor’s Deliverable Bitcoin Hashrate Forward
Earn Yield Get Financing or with Luxor’s Deliverable Forward
Luxor’s Deliverable Hashrate Forward provides opportunities to both buyer and sellers.
Sellers: Bitcoin miners can use Luxor's Deliverable Hashrate Forward to achieve their financing goals, leveraging assets they already own to get a low cost of capital in BTC or USD.
Buyers: Bitcoin holders can use Luxor's Deliverable Hashrate Forward to earn yield from Bitcoin miners and have the option of a fixed or variable return.
Agreement Details
Underlying Asset: Luxor’s Bitcoin Hashprice Index
Sides: Buy or sell
Unit Hashprice: As agreed by counterparties (i.e., BTC per PH/s/Day)
Min. Price Increment: 0.00000001 BTC per PH/s/Day
Daily Contract Size: 1 PH/s/Day
Contract Tenors: Monthly, up to 12 months out; custom contract durations available
Notional Value: Unit Hashprice x Daily Contract Size x days
Payment Type: Upfront payment*
Settlement Type: Deliverable to Luxor Bitcoin Mining Pool
Daily Settlement Rate: Avg. of Luxor’s Bitcoin Hashprice Index (15s intervals over every UTC day) over contract duration
Buyer Daily Settlement Amount: Settlement Rate x Daily Contract Size
Seller Daily Settlement Amount: -1 x Settlement Rate x Daily Contract Size
Initial Margin Requirement: 18% hashprice margin and potential delivery margin for the seller, full upfront payment for the buyer
Accepted Currencies: USD, USDC, or BTC for upfront payment; BTC for delivery and margin
*Sellers must complete Luxor’s credit profiling procedures to receive upfront payment.