HashKey Capital announced that it would launch a Bitcoin Calculator Fund for global professional investors. The company disclosed that the product would be priced at BTC and would seek an annual return on market competitiveness through bottom-calculations. Against the background of more difficult pressures and fluctuations in the revenues of the Bitcoin mining industry, hard-core assets are being packaged into more standardized investment products.
Products priced in BTC
The company disclosed that the owner of the fund operated under a managed fund structure by opening up the proceeds associated with the mining of bitcoin. HashKey Capital indicated that the product would provide more flexible requisition and foreclosure arrangements and emphasize transparency of cash flows to facilitate financial planning by investors.
However, the size of the fund, the range of expected returns, the threshold for minimum subscriptions, the hosting arrangements and the specific mine or calculator assets are not yet disclosed. Hashkey Capital indicated that more details would be published in July 2026.
BITMAIN provides technical services
The company disclosed that BITMAIN would provide bottom-up computing services in the fund but would not participate in fund management, marketing, distribution, investment decision-making or income distribution. The distribution and management of the Fund will be the sole responsibility of HashKey Capital.
This cooperation continues the course of cooperation announced by both sides last April. At that time, the two companies indicated that they would explore a combination of computing infrastructure and digital asset services.
Mining revenues are still affected by multiple factors
At the time of the launch of the fund, the Bitcoin mining industry was still under profitable pressure. In June, the difficulty of mining bitcoin was reduced by 10.09 per cent, one of the more significant adjustments in history. The reduced difficulty is usually in favour of increasing unit capacity output among the active miners, but also reflects the fact that some marginal miners have shut down their equipment.
Mineral returns are also affected by a number of factors, including BTC prices, mining difficulties, equipment efficiency, electricity costs, cost levels, and the quality of operations of bottom-calculations. Unlike a bitcoin product that gains through an option strategy, HashKey Capital, the fund, binds the source of return directly to the mining capacity.
- Value: BTC
- Target population: global professional investors
- Division of services: HashKey Management Fund, BITMAIN provides computing services
Computer assets into structured products
In recent times, the number of structured products around bitcoin has increased. Unlike spot holdings, such products usually attempt to provide additional sources of income beyond price openings. This time, HashKey Capital has incorporated the computing assets into the framework of the Fund, also indicating that mining-related assets are being further financialized.
Additional information:The Fund described in the article had not disclosed the key details of the specific mine, the equipment model, the manner in which the proceeds were distributed and the custodian.