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 <p class="is-style-lead">CleanSpark, the third-largest public Bitcoin <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a> firm in the U.S., is set to establish its own <a rel="noopener noreferrer nofollow" title="trading" href="https://thebittimes.com/tag/trading.html">trading</a> desk in 2024, aiming to optimize the profitability of its substantial Bitcoin assets.</p>
 <p>In an interview with Bloomberg, Zachary Bradford, the CEO of CleanSpark, expressed the strategic decision to manage their Bitcoin transactions internally. Given their considerable Bitcoin holdings, he emphasized the financial prudence of this approach.</p>
 <p>This initiative aligns with the recent practices adopted by other Bitcoin <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a> companies. For instance, Marathon Digital Holdings has sold Bitcoin call options to generate revenue, leveraging its significant unrestricted Bitcoin holdings, which amounted to over 14,000 as of Nov. 30.</p>
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 <p>Headquartered in Henderson, Nev., CleanSpark reported possession of 2,575 Bitcoins, valued at approximately $97 million as of November. The company’s revenue reached $168 million in the fiscal year concluding in September.</p>
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    <p lang="en" dir="ltr">Bitcoin and Mining Stocks Monthly Performance<br><br>During the past 30 days, most <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a> stocks have outperformed #Bitcoin. #BTC rally has positively affected future returns of <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a> companies.$MIGI +183%$CLSK +165%$BITF +136%$CORZ +123%$MARA +120%$IREN +102%$WULF +87%$ARBK… pic.twitter.com/S7lVhlEEos</p>— CryptoRank.io (@CryptoRank_io) December 20, 2023
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 <p>This development is part of a broader trend among <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> miners to retain their Bitcoin assets as the value of this digital currency escalates. This uptrend is fueled by optimism surrounding the potential Bitcoin ETF approval and the upcoming halving, which generally triggers a major bull market.&nbsp;</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-mining-firm-cleanspark-to-launch-in-house-crypto-trading-tbt75393.html">https://thebittimes.com/bitcoin-mining-firm-cleanspark-to-launch-in-house-crypto-trading-tbt75393.html</a></p>

Bitcoin mining firm CleanSpark to launch in-house crypto trading

TheBitTimes

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