❗️ Coal company Alliance Resource mines $BTC using surplus electricity
⛏ Coal company Alliance Resource Partners (ARLP) has announced that it is using surplus electricity for bitcoin mining.
🗣 "In the second half of 2020, we began mining $BTC as a pilot project to monetize already paid-for but underutilized electrical load at our River View mine," stated CFO Keri Marshall.
💰 By the end of the first quarter of 2024, the company had 425 $BTC on its balance sheet, valued at $30 million.
