Bitcoin mining company CleanSpark plans to launch an in-house trading desk, according to Bloomberg.
CleanSpark CEO Zachary Bradford told the media outlet that the decision was made due to the large bitcoin balance held by the company. A November mining update shows that the company held 2,575 bitcoin.
CleanSpark didn’t immediately return a Blockworks request for comment on the move.
“It just makes financial sense to do it in-house,” Bradford said. He added that more miners may launch trading desks in-house “that way, you can manage it with your own risk profiles and expertise and keep a really close eye on it.”
The Nevada-based miner is a publicly traded company, trading on Nasdaq under the ticker CLSK. Over the past year, the stock is up 428%.
The move follows similar actions from other miners such as Marathon Digital which sold Bitcoin call options contracts, according to Bloomberg.
But trading desks aren’t the only way for miners to broaden their revenue streams. Some have also pivoted to offer high-performance computing.
The companies, as Blockworks previously reported, are putting money to work with big machine buys ahead of the bitcoin halving and a potential spot bitcoin ETF approval — or approvals.
Read more: Bitcoin is trading on ETF news, but analysts caution on macro headwinds
The US Securities and Exchange Commission is expected to give potential spot bitcoin ETF issuers an answer by Jan. 10 — which is also the agency’s due date to give Ark/21Shares an answer on its proposal.
In recent weeks, there’s been a flurry of meetings and filed amendments as issuers race to fill out the nitty gritty details — such as disclosing authorized participants and fees — necessary prior to any potential launches.
Bitcoin (BTC) is currently trading around $44,000 after hitting a high not seen in nearly two years on the first day of the year.
how to buy cheap clomiphene tablets can i purchase generic clomid without insurance buy cheap clomiphene no prescription how to buy cheap clomid without dr prescription buying cheap clomiphene pill order clomid without a prescription where buy cheap clomiphene pill
This website exceedingly has all of the tidings and facts I needed there this subject and didn’t know who to ask.
This is the kind of advise I unearth helpful.
buy zithromax 250mg pills – purchase ciprofloxacin buy flagyl 400mg pills
buy rybelsus without a prescription – semaglutide without prescription periactin 4mg sale
domperidone pill – buy motilium 10mg pill buy flexeril without a prescription
azithromycin online – tindamax price buy bystolic pill
augmentin 375mg canada – https://atbioinfo.com/ buy cheap acillin
esomeprazole over the counter – nexium to us order nexium 20mg for sale
coumadin 5mg tablet – blood thinner hyzaar order online
meloxicam 15mg sale – moboxsin oral mobic 15mg
order prednisone 40mg pills – asthma prednisone online order
buy cheap ed pills – fast ed to take best ed pills non prescription uk
buy amoxicillin medication – combamoxi.com buy generic amoxicillin over the counter
order diflucan 100mg generic – https://gpdifluca.com/ diflucan 200mg usa
cost cenforce – site buy cenforce 100mg sale
best place to buy generic cialis online – cialis for daily use dosage where to get the best price on cialis
cialis from india online pharmacy – https://strongtadafl.com/# why is cialis so expensive
buy zantac 150mg pill – https://aranitidine.com/# zantac 150mg canada
cost of 50mg viagra – https://strongvpls.com/# generic viagra cheap uk
Thanks for sharing. It’s first quality. cenforce 100 mg comprar
I am in point of fact delighted to glance at this blog posts which consists of tons of of use facts, thanks towards providing such data. prednisone rash
This is the big-hearted of writing I in fact appreciate. ursxdol
This is the description of content I have reading. prohnrg.com
I am in point of fact enchant‚e ‘ to glance at this blog posts which consists of tons of useful facts, thanks representing providing such data. Г©quivalent viagra professional homme
This is the make of advise I unearth helpful. https://ondactone.com/spironolactone/