Argo Is Using Derivatives to Offset Risk. How It Could Help Other Crypto Miners.
— Trader, Miners, Statement, Risk, Derivatives, Week, Offset, Argo, Quarter, Ticker — 1 min read
Bitcoin miners are looking to offset risk by turning to the derivatives market. Argo Blockchain says it has been using derivatives to limit downside risk since 2021. It hired a full-time derivatives trader in June to augment its in-house capabilities within risk and treasury management, the miner says. The company says it will use derivatives to reduce downside risk in the fourth quarter of 2021. Bitcoin miners say they are looking for ways to offset the impact of the crash and high energy costs on energy prices and Bitcoin mining costs in the coming months, the company says. READ: Bitcoin miners need to find a way to offset their losses by using derivatives, the firm says. Back to Mail Online home: Back to the page you came from.com/post Source