Solana

Bitcoin ETF

Bitcoin

Read

<div class="cryptonews">
 <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>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Bitcoin up 7%, this BTC mining token also posts gains
 </div>
 <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 $168 million in the fiscal year concluding in September.</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">Bitcoin and Mining Stocks Monthly Performance<br><br>During the past 30 days, most <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a> stocks have outperformed #Bitcoin. #BTC rally has positively affected future returns of <a rel="noopener noreferrer nofollow" title="mining" href="https://thebittimes.com/tag/mining.html">mining</a> companies.$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
   </blockquote>
  </div>
 </figure>
 <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>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Uptick in Solana airdrop scams: Nest Wallet CEO loses $125k
 </div> <span class="google-news-banner__label">Follow Us on Google News</span>
</div>
<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

Altri articoli pubblicati su 2 gen 2024

Indonesia Stands Strong Against Illegal Bitcoin Mining and Electricity Theft

Dollar’s decline? 25 countries gear up to join BRICS in 2024

Best Low-Cap Cryptocurrency Gems to Gain Massive ROI in 2024

OKX Introduces Investor Risk Questionnaires in Compliance with FCA

These Crypto Projects Could Keep AI’s Growing Power in Check

Top Cryptocurrencies Under $1 That Could Be Worth Thousands by 2025

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!