Liquidity service provider and digital asset market maker, GSR, announced a partnership with Interhash, the mining services company and strategic partner of mining rig manufacturer, Canaan, in an updated press release, Dec. 20. The partnership aims to provide risk management solutions for Bitcoin miners on Canaan’s network, allowing them to protect against losses and earn yield on inventory.
GSR will offer a customized suite of products consisting of swaps, collars, and more bespoke structured instruments from January 2020. These will provide a hedge against volatile factors such as Bitcoin price, mining difficulty, electricity and equipment costs. GSR Co-Founder, Cristian Gil explained: