The biggest Saudi Arabian oil company, Saudi Aramco, has denied various previously reported rumors about the company's intent to mine Bitcoin.
In a recent report on the Aramco website, the company has released a statement:
With reference to recent reports claiming that the company will embark on Bitcoin mining activities, Aramco confirms that these claims are completely false and inaccurate.
Previously, various media outlets reported that Aramco was interested in Bitcoin mining and negotiating with Bitcoin miners. Allegedly, the company was planning to start using its by-products to generate electricity for cryptocurrency mining.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Alex Dovbnya
Dan Burgin
Vladislav Sopov