
SLP493 Hashprice Derivatives with Matthew Williams
Stephan Livera Podcast
00:00
The Risk Exposure of Bitcoin Miners
Like every traditional commodity space, there's derivatives that exist for hedging. And if you look at Bitcoin as a commodity, much as we do, there's definitely a need for that in the space and even more so in the hash rate space as well. So one of their main, probably their predominant risk is Bitcoin price exposure. But when you get down to the operational level, your revenue is tied to your energy costs. You have energy exposure as well. And then you also have revenue exposure, which is where hash price comes in. That doesn't really exist in the Bitcoin mining world or it didn't until very recently. We felt when we launched this product that we can get into
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