sensitivity to BTC price risk without using or incurring the high costs of OTC derivative contracts.All code for this work can be … guard, highlighting their lack of risk management practices for financing Bitcoin Mining ASICs.The lack of understanding of …-the-counter (OTC) derivatives and hash rate contracts \cite{Bitooda2020}, \cite{Luxor2022} have emerged as hedging tools for miners …

achieved from the existence of risk sharing markets are the separationtheorem and the and full-hedging theorem. This note … examines the optimalproduction for exports and hedging decisions of a risk-averse rm facing bothhedgeable exchange rate risk … and non-hedgeable (background) risk. While theseparation property holds in this context, the full-hedging property does …