Saudi Aramco denies Bitcoin mining initiative reports

Saudi Aramco

The world’s third-largest company by market capitalization, Saudi Aramco, has reportedly denied any reports that it was going start bitcoin mining operations using gas flare energy.

Refuting recent media reports, the Saudi oil giant has denied that it is venturing into the bitcoin mining business.

“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,”

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