CME's next board election nominee proposes to generate revenue for shareholders through crypto mining

According to The Block, CME board election nominee Dante Federighi recently proposed that CME mine bitcoin and other cryptocurrencies to create new sources of revenue for shareholders. Federighi is the co-founder of Fortezza Forza RMC Fund LLC, an investment management company focused on short-term interest rates and energy products such as crude oil. Federighi has been nominated as a CME B-2 director along with three others. Finally, in the next board elections in May, CME will select two B-2 nominees. In a letter to shareholders this week to the US SEC, Federighi outlined his vision for CME. CME is a derivatives trading market, but he believes that the company should start investing in other businesses, including building energy factories and using excess energy to mine Bitcoin and other cryptocurrencies.