Loka Mining Launches Innovative Protocol for Bitcoin Miners

Loka Mining has introduced an innovative protocol in collaboration with sustainable miner Hashlabs. This protocol offers a decentralized bitcoin mining pool where miners can sell their future rewards to institutional investors at a discounted rate. In return, miners gain instant access to cash for operational use.

The product aims to support companies that have experienced revenue challenges due to the recent halving and provides a way to hedge against market volatility.

Loka’s permissionless protocol enables investors to access bitcoin at below-market prices through forward hashrate contracts directly from miners. These contracts are overcollateralized and tokenized to allow for immediate liquidity in secondary markets.

Andy Fajar Handika, the founder of Loka, expressed that they have observed significant interest from larger investors looking for improved ways to access bitcoin. Through Hashlabs’ supply of hashrate and miner access, Loka eliminates counterparty risks and provides a secure platform for investors.

“This protocol offers non-custodial, trust-minimized access to bitcoin, rewarding miners for their essential role in supporting the network,” Handika stated.

Loka’s key investors and supporters include BTC Startup Lab, Dfinity Foundation, Outlier Ventures, and Kilonova Ventures.