Coal Miner Alliance Resource Dabbles In Crypto Mining, Mines 425 BTC [Yahoo! Finance]
Alliance Resource Partners, L.P. - Common Units Representing Limited Partnership Interests (ARLP)
Last alliance resource partners, l.p. - common units representing limited partnership interests earnings: 1/27 07:00 am
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Source: Yahoo! Finance
NASDAQ-listed coal miner Alliance Resource Partners (ARLP) said in an earnings call that it has mined $30 million in bitcoin {{BTC}} using excess power at its facilities. “In the second half of 2020, we started mining bitcoin as a pilot project to monetize the already paid-for yet underutilized electricity load at our River View mine,” Cary Marshall, the firm's chief financial officer, said during an earnings call. Marshall said that at the end of the quarter, the company had 425 bitcoins on its balance sheet – which it is valuing at $30 million – and after factoring in the net costs of property, plant, and equipment, it was up $7.3 million. ARLP was up 5% after the earnings, which also saw the company beat revenue estimates. Marshall said that the company isn't “buying bitcoin or anything of that nature” and is only mining bitcoin with the equipment it has. “We do have some extra capacity that we're renting out to other bitcoin miners within the data center that we've effe
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News
- Alliance Resource Partners, L.P. (NASDAQ:ARLP) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Alliance Resource Partners, L.P. (NASDAQ: ARLP) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Alliance Resource Partners: 1Q24 Earnings Confirm That The Value Is Durable [Seeking Alpha]Seeking Alpha
- Alliance Resource Partners, L.P. (NASDAQ: ARLP) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $25.00 price target on the stock.MarketBeat
- Alliance Resource (ARLP) Q1 Earnings & Sales Beat Estimates [Yahoo! Finance]Yahoo! Finance
ARLP
Earnings
- 4/29/24 - Beat
ARLP
Sec Filings
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- ARLP's page on the SEC website