Standard Hashrate Group is an open platform where prominent miners standardize and tokenize their Bitcoin (BTC) hash rate. Today, SHG is pleased to announce Atlas Mining, BTC.TOP, Easy2Mine, Genesis Mining and Hengjia as tokenization miners. SHG welcomes these industry-leading companies to tokenize a total of 25 petahashes per second of Bitcoin’s hash rate into Bitcoin Standard Hashrate Tokens (BTCST).
With its successful debut on Binance Launchpool, BTCST has become the benchmark hash rate token with deep market liquidity and price premium. Furthermore, Bitcoin’s hash rate contribution by Atlas Mining, BTC.TOP, Easy2Mine, Genesis Mining and Hengjia Group will bring to BTCST best-in-class skills in hash rate provisioning and continuity assurance.
“Atlas Mining, BTC.TOP, Easy2Mine, Genesis Mining and Hengjia form a diverse and powerful group to join as BTCST’s new batch of tokenization miners. They share SHG’s vision of bringing exchange-level liquidity to mining power and bridging real-world mining to the DeFi world. Their rich experience and collaborative approaches in industrial-scale mining will be greatly complementary to SHG,” said Alex Zhao, CEO of SHG.
“We believe BTCST has connected Bitcoin mining to the DeFi world,” said Tony Ma, CEO of Atlas Mining. “With BTCST, we can earn real BTC via crypto-native staking.”
“Mining is an asset-intensive industry. BTCST has turned mining machines into high liquidity assets as Grayscale does to Bitcoin, injecting incremental value into the mining market,” said Zhuoer Jiang, CEO of BTC.TOP.
“We believe a project like BTCST should focus on decentralization of hash rate sourcing,” said Cathy Yu, chief marketing officer of Easy2Mine, adding: “We are glad to support this project as a tokenization miner.”
“BTCST is really exciting,” said Rene Hennen, chief operating officer of Genesis Mining. “It is one of the rare inventions which expands the Bitcoin ecosystem with the potential to add a lot of value.”
“As the operator of some of the largest hydropower cryptocurrency mining facilities, we applaud the innovation of the BTCST project,” said Jiwei Zhu, chairman of Hengjia Group. “We hope to work with the BTCST project to improve its ecosystem.”
BTCST is a token collateralized by real Bitcoin mining power. By staking BTCST, holders of the tokens will receive daily Bitcoin distributions that correspond to the mining power staked. With BTCST, you mine Bitcoin the decentralized finance way.
Official website: https://www.1-b.tc