Block Green Launches Bitcoin Mining Future Revenue Marketplace In Partnership With Merkle Standard
Block Green, a Switzerland-based Bitcoin liquidity protocol, and Merkle Standard, a U.S. Bitcoin mining company, have announced a partnership that allows Merkle Standard to utilize Block Green's platform to hedge future...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Block Green, a Switzerland-based Bitcoin liquidity protocol, and Merkle Standard, a U.S. Bitcoin mining company, have announced a partnership that allows Merkle Standard to utilize Block Green's platform to hedge future revenue risks and access immediate liquidity at “transparent and favorable rates.”
According to a press release, by facilitating mining rewards streaming agreements and employing Bitcoin script and custodial solutions, the platform unlocks opportunities for Bitcoin holders and miners, redefining the financing landscape and empowering participants with new market avenues.
The capabilities of Block Green's platform enable mining operators to sell exposure to their future revenues at a discount, addressing their liquidity needs effectively. Additionally, BTC holders can benefit from the platform, enjoying an attractive BTC-native return.
As part of the partnership, Merkle Standard plans to sell exposure to 100 PH/s of hashrate over a 30-day period, receiving 7.5 BTC in immediate upfront liquidity. Luxor Tech, a mining software and services company, is among the LPs that have filled the trade.
Sebastien Hess, CEO at Block Green, expressed excitement about the partnership, stating, "Our platform empowers Bitcoin miners to unlock and access future liquidity and hedge revenue risks, driving growth capital coupled with risk mitigation for sophisticated mining operations."
Head of Research at Merkle Standard, Holden Guillies, shared the enthusiasm, emphasizing the innovative nature of the collaboration, saying, "This innovative financial product provides us with a new way to manage risk by hedging mining difficulty while gaining upfront liquidity. We believe this partnership offers an essential tool to effectively plan, operate, and execute within the fast-moving Bitcoin mining industry."
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin MagazineRelated market context
CEO Jeremy Allaire says Circle built “the platform for the internet financial system”, but cirBTC has only 40 BTC
Circle's wrapped Bitcoin product entered the market with unusually strong institutional credentials and almost no visible scale. T...
Bitcoin miner IREN still gets 82% of revenue from BTC after clearing room for Microsoft AI cloud
IREN is still mostly a Bitcoin miner by revenue, even as it retires mining hardware to make room for AI infrastructure and grow IR...
The SEC is reviewing automatic filing pathways after exotic crypto and event-linked ETF proposals flooded the market
Wall Street now wants a ticker to hold almost any financial idea an investor might type into a brokerage search bar, from Bitcoin...
Bitcoin miners are no longer pure crypto proxies and are morphing into high-performance computing hubs
Bitcoin gained 21.5% from the Aug. 17 close through Aug. 21, yet six of seven large US-listed miners finished the same trading str...
Bitcoin Knots is trying to fork Bitcoin again after its last chain died in two blocks
Bitcoin Knots is preparing a Sunday rehearsal for a BLAKE2b fork after its previous breakaway BIP-110 chain stalled. On Aug. 29, B...
Wall Street’s favorite Bitcoin broker just walked away from institutional trading to chase gigawatts of power
BitGo's NYDIG deal transfers its institutional trading business to the digital-asset custody and trading infrastructure provider,...