CME Board Candidate: Excess Energy Should Be Used for Bitcoin Mining

Dante Federighi, a candidate for the CME Group board of directors election, has proposed that the company should start creating new revenue streams for shareholders by mining Bitcoin and other cryptocurrencies.

Federighi is a co-founder of Fortezza Forza RMC Fund LLC, an investment manager focused on short-term interest rates and energy products such as crude oil, and is a candidate for the May board of directors election.

In a letter to shareholders filed this week with the Securities and Exchange Commission, he outlined his vision for the company. CME Group is a derivatives trading market. But Federighi believes the company should start investing in other businesses, including building energy plants and using excess energy to mine bitcoin.

Federighi believes the company can use its expertise in matching and clearing trades to quickly convert crypto into fiat. In this way, CME Group creates another revenue stream for investors.

Original link: https://www.theblockcrypto.com/linked/60005/