Many Bitcoin miners have recently been achieving record breaking output from their operations. And now, some are making a new ambitious move: launching their own Bitcoin trading arm.

‍What’s happening:‍

• Las Vegas, Nevada based Bitcoin mining company CleanSpark (NASDAQ: CLSK) is getting ready to launch their own in house Bitcoin trading desk
  
• The new venture aims to both lower costs and reduce risks for CleanSpark as they manage their Bitcoin exposure
  

By the numbers:‍

• CleanSpark currently owns just over 3,000 Bitcoin, which are worth approximately $135M USD at present Bitcoin prices
  
• In December alone, CleanSpark mined a record breaking 720 Bitcoin
  

Going deeper:‍

• This is not the first time a Bitcoin mining company has ventured into finding ways to manage their own Bitcoin positions, as Marathon Digital (NASDAQ: MARA) has previously sold Bitcoin call options as a way to profit from their high levels of Bitcoin exposure and ownership
  
• Galaxy Digital (TSX: GLXY) has significant Bitcoin mining operations after acquiring Helios from Argo Blockchain and also has their own institutional crypto trading desk