Alliance Resource Partners, a renowned coal mining company trading under the ticker ARLP on the Nasdaq, recently revealed that it has entered the realm of Bitcoin (BTC) mining.

With a net worth of $2.8 billion, Alliance’s foray into Bitcoin mining positions it as one of the few traditional companies embracing the digital asset. This marks a significant step for the company in diversifying its operations.

Alliance Resource Partners: $30 Million in BTC on Balance Sheet

Cary Marshall, Senior Vice President and CFO of Alliance Resource Partners, disclosed during the miner’s Q1 earnings call that the company began its Bitcoin mining venture in the latter half of… Read more on bitcoinnews