Luxor plans to launch hash rate futures on Bitnomial for U.S. institutional investors at the end of this month

Luxor Technology Corporation, a blockchain infrastructure service provider, announced plans to launch exchange-traded computing power futures for U.S. institutional investors through a partnership with derivatives exchange Bitnomial. This new futures product is expected to be launched on Bitnomial by the end of this month. launched on. Luxor emphasized that this financial instrument would provide miners with a means to hedge future income while providing investors with the opportunity to participate in hash rate futures on U.S. exchanges. It is reported that the core of the computing power futures product is Luxor’s Bitcoin computing power price index, which represents the daily expected value of 1 PH/s computing power quantified in US dollars. Currently, the price per PH/s of computing power is just under $100. (Bitcoin.com)