Aramco denies reports it will embark on Bitcoin mining

DHAHRAN — Saudi Aramco has denied 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. — WAM