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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…
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