🧵 1. A coal mining company on the NASDAQ stock exchange has been secretly mining Bitcoin for over three years, revealing 425 BTC on its balance sheet. #finance
🧵 1. A coal mining company on the NASDAQ stock exchange has been secretly mining Bitcoin for over three years, revealing 425 BTC on its balance sheet. #finance
🧵 2. Alliance Resource Partners seized the opportunity to use excess power at their mining operations to purchase Bitcoin mining equipment in 2020 and 2021.
🧵 3. With 425 BTC worth $25 million, Alliance's market cap stands at $2.8 billion. The move underscores Bitcoin's potential to benefit the energy sector.
🧵 4. While Alliance Resource Partners claims to utilize underutilized electricity for mining BTC, critics warn of environmental implications of such operations.
🧵 Read more at: https://decrypt.co/228881/this-2-8-billion-coal-miner-has-been-mining-bitcoin-too