How Do Hashrate Derivatives Differ from Simple Hashrate Rental Markets?

Hashrate rental markets involve a direct, immediate transaction where a miner provides their computational power to a buyer for a set period. Hashrate derivatives, however, are financial contracts whose value is derived from the underlying hashrate's future production or price.

They allow for hedging and speculation on future mining profitability without needing to physically rent or own the hashrate. Derivatives introduce a layer of financialization and risk transfer.