Bitcoin mining firm Navier launches tokenized hashrate marketplace for ‘eligible’ customers

Bitcoin mining hosting and services firm Navier has launched a marketplace for buying and selling tokenized hashrate, which is open to “qualified investors.”

“What Reactor.xyz [the name of the platform] deliver is ownership of an asset, ownership of a certain amount of hashrate that will be mined for a certain amount of time, CEO Josh Metnick said.

So far, there are two options available to investors who want to mine without setting up their own facilities. They can use companies like Compass Mining, where they buy a physical machine and hosting services to make it work, or work with a cloud mining company like Bitdeer or BitFuFu, which owns and operates machines and then rents out hashrate for a set period of time.

Navier’s solution “has similarities” to cloud mining, according to founder Metnick, but gives the user more control over their hashing power, such as choosing which mining pools to use.

ERC-721 tokens will be used to represent the ownership of the hash power, allowing them to be easily traded between users. Also, the hash rate sold comes from industrial-scale bitcoin miners, unlike Navier’s own sites as cloud mining companies.

According to Navier, the existing two models that are available come with a lot of uncertainty. In the Compass Mining model, you have to trust another company to deliver the right machines at the right time, without damage, and then sign an agreement for hosting, hoping there are no “gotchas” in the contract, Metnick said. Cloud mining companies essentially offer synthetic hashrate, over which users have little control.

“After years of helping manage colocation clients and facilities, the top customer service support requests are various forms of ‘why is my machine down?’ or ‘why is my (x)Th/s machine working at (

Navier tries to mitigate these issues by using tokenization, as well as technology to ensure redundancy across sites for a given amount of hash power. Through these methods, they target 100% uptime.

“At the end of the day, this is the most important feature – customers want to get what they paid for,” the CEO said.

BitFuFu and Bitdeer offer compensation for such hashrate fluctuations.

DIRECTION (March 22 at 14:00 UTC): Corrects headline and story to clarify that the marketplace is open to “qualified” investors.