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

In partnership with eco-friendly mining company Hashlabs, this product may attract businesses experiencing decreased income due to the latest market adjustment. It serves as a protective measure against unpredictable price fluctuations.

As an analyst, I would explain it this way: In a recent press release, Loka announced plans to introduce a permissionless protocol enabling investors to acquire bitcoin at discounted prices via forward hashrate contracts directly from miners. These contracts will be overcollateralized for security and tokenized, allowing for instant liquidity in secondary markets.

“Andy Fajar Handika, Loka’s founder, stated in a press release that there has been significant demand from major investors looking for efficient methods to obtain bitcoin. With Hashlabs supplying hashrate and direct miner access at our disposal, we are able to fulfill this need – eliminating any potential risk associated with counterparties.”

“Handika explained that this procedure enables users to securely access bitcoin without custodianship and with minimal trust in intermediaries, while incentivizing miners for their crucial role in maintaining the network through reward systems.”