Many well-known mining companies have joined the "Bitcoin Standard Hashrate" and converted about 25PH/s of hashrate into BTCST tokens

According to BlockBeats, on January 26, Bitcoin Standard Hashrate (SHG) officially announced that five well-known mining companies, including Hercules, BTC.TOP, Easy2Mine, Genesis Mining, and Hengjia Group, joined SHG and worked with SHG to create an industry benchmark. These mining companies tokenized 25PH/s of Bitcoin hashrate and converted it into SHG's native token BTCST. It is reported that Binance Launchpool launched the new coin mining of "Bitcoin Standard Hashrate" BTCST on January 8. It subsequently attracted widespread attention from the market. Regarding this cooperation, Alex Zhao, CEO of SHG, said: "Hercules, BTC.TOP, Easy2Mine, Genesis Mining, and Hengjia Group will become a new batch of tokenized miners for BTCST. They will share the exchange-level liquidity brought by SHG and connect real-world mining with the DeFi market." According to the official introduction, Bitcoin Standard Hashrate (BTCST) will bring exchange-level liquidity to Bitcoin mining. Each BTCST has real Bitcoin hashrate as collateral. By staking BTCST, token holders will receive daily Bitcoin allocations.