Commoditization Revolution: How Hashrate is Reshaping Bitcoin Mining

Bitcoin mining has transitioned from DIY setups to a massive industry projected to generate over $20 billion in revenue by 2025. However, most investors still view mining through the lens of hardware ownership. Tokenized hashrate and derivatives are emerging as a new frontier, offering direct exposure to mining rewards without needing to manage physical machines. This shift marks the beginning of hashrate becoming a full-fledged commodity market, similar to energy or metals trading.