Cryptocurrency
CME Group board of directors nominee says the firm should start mining bitcoin
As The Block reports, “Dante Federighi, a nominee for CME Group’s upcoming board of directors election, has proposed that the company start mining bitcoin and other cryptocurrencies to create new revenue streams for shareholders. “Federighi is the co-founder of Fortezza Forza RMC Fund LLC, an investment management firm focused on short-term interest rates and energy […]
As The Block reports, “Dante Federighi, a nominee for CME Group’s upcoming board of directors election, has proposed that the company start mining bitcoin and other cryptocurrencies to create new revenue streams for shareholders.
“Federighi is the co-founder of Fortezza Forza RMC Fund LLC, an investment management firm focused on short-term interest rates and energy products like crude oil. He has been named a nominee for CME Group’s Class B-2 director along with three other nominees. Ultimately, two nominees from the Class B-2 group will be elected during CME’s next board member election in May.
“In a letter to shareholders filed with the Securities and Exchange Commission and released this week, he outlined his vision for the company. CME Group is a derivatives trading marketplace. But Federighi believes that the company should start investing in other business lines including building energy plants and using the excess energy to mine bitcoin and other cryptocurrencies…”