Mining company CleanSpark plans to launch an internal Bitcoin trading platform this year
ChainCatcher news, according to Bloomberg, the U.S.-listed Bitcoin mining company CleanSpark plans to launch an internal Bitcoin trading platform this year to maximize the returns on its held cryptocurrency. The company plans to develop strategies based on regulated crypto products, such as options contracts traded on the CME or its affiliates.
CleanSpark CEO Zachary Bradford stated that they need to transfer a small amount of funds to different accounts but will continue to work with custodians like Coinbase, using independent account cold storage.
As of last November, CleanSpark held 2,575 Bitcoins, worth approximately $97 million. The company reported $168 million in revenue for the fiscal year ending September 2023.
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