Loka, a decentralized Bitcoin mining pool, has partnered with Hashlabs to offer immediate liquidity to Bitcoin miners through a new protocol. Hashlabs operates in Ethiopia, Finland, and Kazakhstan, focusing on sustainable energy mining.
This new protocol allows miners to sell future mining rewards, aiming at the $10 billion Bitcoin mining industry. It uses a DeFi model powered by renewable energy to mitigate financial risks and improve market liquidity. Miners can access liquidity via overcollateralized contracts, tokenized for instant trading in secondary markets.
The protocol targets institutional investors with discounted BTC hashrate contracts from renewable energy miners, providing access without counterparty risk. Loka leverages ckBTC, a token backed 1:1 by BTC without centralized bridges, ensuring a non-custodial and trust-minimized environment.
With the support of Hashlabs, Loka is advancing sustainable BTC mining, safeguarding miners’ financial health, and enhancing liquidity management. This initiative has the potential to reshape the Bitcoin mining landscape, prioritizing sustainability and financial stability.
