Saudi Aramco denies reports it will embark on Bitcoin mining

Aramco confirms that these claims are completely false and inaccurate

  
Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. Image used for illustrative purpose.

Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. Image used for illustrative purpose.

REUTERS/Maxim Shemetov

DHAHRAN, SAUDI ARABIA - Saudi Aramco has denied the reports about its plans for Bitcoin mining. "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," said an Aramco statement issued on Monday.

A global integrated energy and chemicals company, Aramco produces approximately one in every eight barrels of the world’s oil supply and develops new energy technologies.

© Copyright Emirates News Agency (WAM) 2021.


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