BitFuFu and Finloop Launch Bitcoin Mining Token

by shayaan

BitFuFu, a Bitcoin mining and cloud mining services company, has launched Hashrate Token (HASH) with Finloop, a financial technology platform focused on digital assets and wealth management. The product is designed to give eligible investors access to Bitcoin-denominated returns generated by Bitcoin mining.

HASH is an on-chain note linked to the economic output of Bitcoin mining operations. The underlying hashrate is provided through professionally managed mining infrastructure. Investors can gain exposure to mining returns without buying hardware or managing mining operations themselves. Profit distributions are recorded on-chain, allowing transactions to be verified. Since returns are denominated in BTC, investors can receive them in Bitcoin without converting them into other currencies.

cryptonews.net

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