CME board candidate proposes to mine Bitcoin

Dante Federighi, founder of Fortezza Forza RMC Fund and candidate for the election of the group's board of directors CME, suggests that the company embark on the mining of Bitcoin.

In a letter published by the United States Security Exchange Comission (SEC), Federighi presented his ambitions for CME Group, the company owning the Chicago Mercantile Exchange, one of the main futures markets in the US.

Currently a candidate for the B-2 investor class, Federighi said CME expected to build power plants to power its global operations and use the surplus to bitcoin mining and other digital assets.

Some of our biggest investors, namely BlackRock, are shifting investments to companies focused on creating value for all of their stakeholders. CME must fight this trend by building solar / wind / hydroelectric plants to power our global operations. Then divert the excess energy to extract Bitcoin and other cryptocurrencies, "he wrote.

The founder of Fortezza Forza RMC Fund, a venture capital firm that invests in the energy sector, says that CME could then convert digital assets into fiat money and thus bring a new source of income to its shareholders.

Although it does not seem to be in our core competences, I would say it is our business: we, like miners, clear and settle transactions, ”he added.

At the beginning of the year, CME Group threw options for its futures on Bitcoin in response to growing investor interest in new tools to gain more exposure to the industry’s first cryptocurrency.