World’s third largest company may plans Bitcoin mining operations
Reportedly Saudi Aramco which is the third-largest oil gas company in the world, is planning to enter in crypto Mining business operations.
After China’s Crackdown on Bitcoin mining & trading. Crypto mining operations became the biggest opportunity for those countries & companies who can access lots of electricity at very cheap cost. According to recent reports Saudi Aramco may enter in this business.
Related: Canada Have Huge Opportunity Because Of China Crackdown On Mining Ban
This information provided by a Brazilian Bitcoin miner Ray Nasser in the interview on the way Bitconheiros, Investing.com reported that ” Saudi Aramco Middle East oil giant is interested in mining Bitcoin business”.
“We are negotiating with Aramco. All black liquid [oil] that comes out of the desert belongs to this company. All the flared gas they’re not using, and that’s public information, I can tell you, it’s enough to ‘power up’ half of the Bitcoin network today, from this company alone”
Report also added that, Aramco will use their by-product disposed material as a fuel to generate energy for mining operations. According to the report, it will be an advantageous business for this oil gas company to generate income with low cost Investment.
“Aramco needs to burn this flared gas. She needs to get rid of this gas that is a by-product of their oil mining, they do. What if you find a way to make money while doing this?”
It is noted that Aramco company didn’t talk about this matter. Further many media news websites questioned Aramco whether they will really go for the mining business or not. So here we have to wait for the official announcement by Aramco.
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