U.S. coal mining company Alliance Resources utilizes surplus electricity to mine $30 million worth of BTC

ChainCatcher news, according to CoinDesk, Nasdaq-listed coal mining company Alliance Resources stated in its earnings call that it has mined $30 million worth of Bitcoin using surplus electricity.

The company's Chief Financial Officer mentioned that in the second half of 2020, the company began piloting Bitcoin mining, and by the end of this quarter, there were 425 Bitcoins on the company's balance sheet, valued at $30 million.