DeFi· ★★★· neutral·

BitFuFu and Finloop launch Hashrate Token, a BTC-denominated note tied to mining output

  • —HASH payouts are drawn from newly mined Bitcoin rather than a fixed coupon
  • —The note is issued on Ethereum and Solana, with issuance and distributions recorded on-chain
  • —Term is 12 months, with returns prorated to the holding period
  • —BitFuFu mined 167 BTC in September 2026 and held 1,388 BTC
Why it matters: The product tokenizes mining revenue, but shifts both Bitcoin price risk and hashrate performance risk onto noteholders.
Source: Crypto Briefing