Define a revenue floor
Use a secured put structure to establish a payoff below a chosen BTC- or USD-denominated hashprice strike.
Options Vaults · Hashprice options
Shape mining revenue exposure with hashprice options
Hashprice options extend the same defined-term options system to BTC- and USD-denominated measures of mining revenue.
Build around the revenue measure that matters
A defined hashprice index and contract term can support protection or premium strategies without treating an individual operator's realized mining revenue as the settlement value.
Exchange upside for premium
Use a limited call structure to earn a market-set premium while bounding the collateral committed to the contract.
Choose the denomination
Structure exposure around BTC hashprice or USD hashprice according to the operating risk and accepted settlement inputs.
Product mechanics
A product path for mining risk
The product direction keeps the same defined-term discipline as BTC/USD options while introducing hashprice-specific indexing and oracle requirements.
- 01
Define the exposure
Set the hashprice measure, denomination, strike, maturity, and collateral policy for the series.
- 02
Source a market quote
Market makers price the selected exposure through RFQ, with a constrained series menu that avoids fragmenting liquidity.
- 03
Settle against the index
Accepted hashprice and BTC/USD inputs determine the maturity payoff for the long and short sides of the contract.
Next step
Help shape the first series
The initial series requires market-maker participation, reliable hashprice inputs, and a product configuration that matches the denomination and collateral policy.
Hashprice settlement represents the stated reference exposure. An individual miner's realized revenue can differ because of fees, uptime, efficiency, and operating conditions.