Finance

Alliance Resource Jumps 5% After Coal Miner Says it Mines Bitcoin With Spare Electricity

“In the second half of 2020, we started mining bitcoin as a pilot project to monetize the already paid-for yet underutilized electricity load at our River View mine,” Cary Marshall, the firm’s chief financial officer, said during an earnings call.

Source link: https://www.coindesk.com/markets/2024/04/30/coal-miner-alliance-resource-dabbles-in-crypto-mining-mines-425-btc/?utm_medium=referral&utm_source=rss&utm_campaign=headlines by Sam Reynolds at www.coindesk.com