The Thesis

Hashrate is the Next Major Commodity.

Bitcoin trades on futures, options, ETFs. The hashrate that produces it has almost none of that at term.

$17bn a year
Barely 1% of it trades forward.
Physically delivered
You receive hashrate and its mining output, not a cash-settled index.
Spot to 24 months
One desk quotes both sides of the market — from spot bursts to term contracts.
Computation Commodified

Three pillars of an institutional hashrate desk.

01 · Markets

A two-sided hashrate market

Buy side: fixed-price contracts quoted in PH·h and verified share by share on a live watcher link — or daily settlement at FPPS plus an agreed margin, with POW.RE acting as your pool.

Sell side: miners and pools point hashrate at POW.RE once and earn more than FPPS, settled daily on-chain. We switch routing in and out of contracts; your configuration never changes.

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02 · Mining

Run by miners.

Mining Bitcoin since 2010 — infrastructure built and operated across geographies and energy environments, including our own hydro-powered sites in Canada.

We’ve sat on the miner’s side of every contract we quote. That’s how the desk prices, verifies, and delivers.

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03 · Technology

Built to prove delivery

Real-time telemetry across six-plus pools, independent share-level measurement on our own proxy, FPPS benchmarks computed from on-chain data, and reconciliation reports with full audit trails.

The infrastructure powering POW.RE’s OTC desk — the same systems that price, meter, and settle every contract we trade.

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Leadership

Our team.

The desk is run by miners. We’ve mined Bitcoin since 2010 — from the jungle to the Arctic, across grids, generators, and hydro dams — and we do one thing: SHA-256d. That operating history is how we price, verify, and deliver hashrate.

Mike Cohen

Mike Cohen

Co-Founder & Chief Executive Officer

Mining since 2013, built and operated mining infrastructure across multiple geographies and energy sources, leads POW.RE’s business strategy and counterparty relationships.

Maxime Bisaillon

Maxime Bisaillon

Chief Operating Officer

P.Eng., MSc Digital Currencies, designed and built POW.RE’s operational platform from real-time hashrate telemetry to automated settlement, runs day-to-day operations and delivery infrastructure.

Francisco Quadrio Monteiro

Francisco Quadrio Monteiro

BD & Strategy

Ex-TradFi, Bitcoin Magazine contributor, bridges traditional finance and Bitcoin mining markets, leads business development and strategic partnerships.