Lucas Kohorst

There’re a bunch of stats outside the markets that show some kind of extremity, like the number of state based armed conflicts nearly tripling since the 60’s, or global freight ships experiencing nearly 19x more delays they did in 2016. But these are pinpricks of colour, the markets are mirrors. If the world is getting more extreme, our collective,... See more

By pairing a hashrate forward sale with a power hedge, miners can now lock in returns on their Bitcoin mining investments. Enter the hashspark spread — a clever nod to the spark spread (the difference between the wholesale electricity price and its production cost with natural gas). This concept is a game-changer for the mining industry. Bitcoin... See more

A lot of times success isn’t determined by how you trade, but rather what you trade. As markets become increasingly thematic, baskets and stories (Uranium, Rare Earths) seem to be more powerful than ever