The Coming Financialization of Hashrate Markets
Briefly

Bitcoin's economic design compels miners to minimize costs due to a stress-test every four years. This urges miners to find cheap energy sources to thrive.
Miners employing a grid-tied model benefit from economies of scale, securing cheaper energy rates by leveraging large load sizes and participating in Demand Response.
The co-location model lets miners capitalize on mismatches in energy supply and demand by targeting intermittent renewables while pursuing strategies like energy arbitrage.
With the emergence of Bitcoin hashrate as a unique commodity, it offers intriguing investment opportunities, allowing individuals to participate in mining without owning hardware and enabling hedging against price fluctuations.
Read at Coindesk
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