Loka, a decentralized Bitcoin mining pool, has partnered with Hashlabs to offer Bitcoin miners access to immediate liquidity via a new protocol.

The partnership with Hashlabs, a sustainable energy mining provider with operations in Ethiopia, Finland and Kazakhstan, enables Loka to launch a permissionless protocol through which miners can sell future mining rewards.

Eyeing the $10 billion BTC mining market

Bitcoin mining is currently a $10 billion industry, and Loka aims to gain traction through a DeFi model that relies on renewable energy-powered sources to mitigate financial risks related to price volatility. This approach will also bring more liquidity to the market, as miners hold an estimated 10% of the Bitcoin supply, equivalent to about $50 billion.

The protocol will offer …