Crypto Miner Navier Unveils Marketplace for Tokenized Hashrate

Reading Time: < 1 minute

Navier, a mining company, has announced the launch of its Reactor.xyz platform, a token trading service for qualified investors that enables ownership of a specific hashrate to mine cryptocurrencies.

According to CEO Josh Metnick, investors who wish to mine digital currencies without creating their own data centers have two options: they can purchase installations and pay for hosting from companies like Compass Mining, or they can resort to services like Bitdeer or BitFuFu to rent mining equipment.

Metnick believes Navier’s solution is similar to the latter, but gives users more control over their hashrate, including the ability to select which pools to use.

The hashrate is provided via tokens on the ERC-721 protocol, and can be exchanged between users.