Bermuda-registered Relm Insurance has launched a unique policy providing business interruption coverage specifically for bitcoin miners, denominated in the cryptocurrency itself.
This innovative insurance solution aims to protect bitcoin mining companies from financial losses incurred due to operational interruptions, particularly physical damage to their mining equipment or facilities.
In light of recent industry challenges, including halving block rewards and price pressures, this policy represents a much-needed safeguard for bitcoin miners facing potential downtime.
Relm's Class Innovative Insurer General Business license enables it to uniquely serve the bitcoin mining industry, providing indemnity in the very currency these companies generate.
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