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Author: Admin | 2025-04-28
BTC, corresponding to a unit hashprice of 0.00185 BTC per PH/s/Day. By paying the total 500 BTC upfront, the buyer is able to secure a unit hashprice at a discount to spot markets, which are currently paying 0.00226 BTC per PH/s/Day. The buyer’s return will be the spread between the discounted unit hashprice and the actual settlement of hashprice in the spot market. Potential return scenarios include but are not limited to:But by using a combination of Luxor Hashrate Forward products, investors can employ fixed-return trading strategies (i.e., yield). In addition to purchasing hashrate upfront, buyers can de-risk their upfront hashrate purchase and secure a Bitcoin yield by simultaneously selling a non-deliverable hashrate forward with standard future fixed payment. A spread can exist between the two hashprices because deliverable forwards with upfront payment tend to trade at a discount to non-deliverable forwards with standard future payment.For example, a buyer may purchase 3,000 PH for 90 days for 500 BTC upfront, which corresponds to a unit hashprice of 0.00185 BTC per PH/s/Day. At the same time, the upfront buyer may sell 3,000 PH for 90 days in Luxor’s non-deliverable forward market for 0.00190 BTC per PH/s/Day, which locks in 513 BTC production for the 90 days period.The investors' return profile will be the spread between the upfront purchase of hashrate and the sale of that same hashrate in non-deliverable forward markets. This spread or yield is predetermined at the start of the trade and is subject to change with market conditions.Building
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