TechFlow news, according to Bloomberg, U.S. bitcoin miner CleanSpark plans to launch an internal trading platform this year to optimize returns on its cryptocurrency holdings.
The company intends to execute strategies in compliance with regulatory standards, including participation in options contracts offered by CME or its affiliated entities.
CleanSpark CEO Zachary Bradford said that while a small portion of funds may need to be transferred to different accounts, ownership of cold wallets will remain on platforms with segregated accounts, such as Coinbase.
As of November last year, CleanSpark held 2,575 bitcoins, worth approximately $97 million. For the fiscal year ended September 2023, the company generated revenue of $168 million.
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