According to a report by CoinDesk, Alliance Resource Partners (ARLP), a US coal mining company listed on the Nasdaq Stock Exchange, announced during its earnings conference call that it has mined 425 bitcoins (BTC) with excess electricity from its facilities, worth approximately $30 million.
Cary Marshall, the CFO of Alliance, stated during the earnings conference call:
“At the end of the quarter, the company had 425 bitcoins on its balance sheet, valued at $30 million. After considering the net cost of real estate, plants, and equipment, their value increased by $7.3 million.”
Following the release of the financial report, Alliance’s stock price rose by 5%, and the company’s revenue exceeded market expectations. Marshall stated that the company did not “purchase bitcoins or any assets of this kind” but rather utilized existing equipment for bitcoin mining.
Marshall also mentioned:
Why Did FamilyMart Enter the Cryptocurrency Sector? Trump’s Second Son Reveals the Truth Behind It.
He stated that the family originally had no plans to enter this field, but the banking sys…