Alliance Resource Partners (ARLP), one of the largest coal mining companies in the USA and has facilities in many states, announced that it holds 425 BTC as of the first quarter of 2024.

Speaking at the company’s quarterly balance sheet meeting, Cary Marshall, one of the managers, stated that they have been mining Bitcoin with the extra electrical energy released since 2020, and said that after the device purchases and facility installation, the resulting Bitcoin value increased by 7 million dollars.

The manager also stated that although they do mine Bitcoin, they do not buy Bitcoin as a company.

Although the number of Bitcoins held by the coal company compared to companies such as MicroStrategy and Tesla is small, the total value is currently around 30 million dollars.

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