Bitcoin Miner CleanSpark Plans to Launch In-House Trading Desk This Year
- Miners tend to have large Bitcoin inventory holdings
- The firm aims to lower cost, risks through its in-house desk
Bitcoin mining units at a Cleanspark facility in College Park, Georgia.
Photographer: Elijah Nouvelage/BloombergThis article is for subscribers only.
CleanSpark Inc., one of the largest US public Bitcoin mining companies, intends to launch an in-house trading desk this year to maximize returns from its holdings of the cryptocurrency.
“We really think that doing it ourselves is the best way especially with the large Bitcoin balance we have,” Zachary Bradford, chief executive officer of CleanSpark, said in an interview. “It just makes financial sense to do it in-house.”