Do Bitcoin Derivatives Exchanges Offer Products Specifically Designed to Speculate on Changes in Mining Difficulty?

While major exchanges like CME or Deribit do not offer direct futures or options on Bitcoin's mining difficulty, there are more specialized, emerging platforms that do. These products, often called hash rate futures, allow miners to hedge their future revenue and speculators to bet on the future growth of the network's hash rate.

For example, a miner could lock in a future price for their computational output. These are still niche products but represent a growing area of financialization in the cryptocurrency ecosystem.