Bitcoin Miner CleanSpark to Launch In-House Trading Desk in 2024

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.”

A slew of Bitcoin miners have already used crypto derivatives such as options to earn income from their token reserves. Marathon Digital Holdings Inc., which had more than ...