Loka Launches Bitcoin Mining Pool for Institutional Investors With Support From Hashlabs

Loka Mining has launched a protocol with a decentralized bitcoin (BTC) mining pool that allows miners to sell their future rewards to institutional investors at a discount and gives them instant access to cash for operational use. The product, in collaboration with sustainable miner Hashlabs, is likely to appeal to companies whose revenue has been hit by the recent halving. Loka will launch a permissionless protocol that gives investors access to bitcoin at below-market prices through forward hashrate contracts directly from the miners, the company said in a Tuesday press release. The contracts will be overcollateralized and tokenized.

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