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TechFlow news, according to Coindesk, Alliance Resources, a Nasdaq-listed coal mining company, said during its earnings call that it has used excess power to mine $30 million worth of bitcoin. The company's CFO stated that in the second half of 2020, the company began bitcoin mining as a pilot project, and by the end of this quarter, the company held 425 bitcoins on its balance sheet, valued at $30 million.
According to Coindesk, Alliance Resources, a Nasdaq-listed coal mining company, said during its earnings call that it has used excess power to mine $30 million worth of Bitcoin. The company's CFO stated that in the second half of 2020, the company began Bitcoin mining as a pilot project, and by the end of this quarter, it held 425 Bitcoins on its balance sheet, valued at $30 million.
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