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Alliance Resources, a US-listed coal mining company, uses excess electricity to mine $30 million worth of BTC

Alliance Resources, a US-listed coal mining company, uses excess electricity to mine $30 million worth of BTC

Bitget2024/04/30 07:29

ChainCatcher reported that according to CoinDesk, Alliance Resources, a Nasdaq-listed coal mining company, said in a financial report conference call that the company has used excess electricity to mine $30 million worth of Bitcoin.

The company's chief financial officer said that in the second half of 2020, the company began to use Bitcoin mining as a pilot project. As of the end of this quarter, the company had 425 Bitcoins on its balance sheet, which were worth $30 million.

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