Is the world's largest oil producer mining BTC now? (Saudi Aramco 🤝 BlackRock)
1433 sats \ 3 comments \ @birdeye21 18 Jul 2023 bitcoin
Aramco is the largest oil company in the world, by far. Check out its market cap relative to the top 5:
Aramco's CEO Amin Nasser just joined the BlackRock board. Given BlackRock's recent Bitcoin support, can we now assume the world's largest oil producer is getting in the mining game?
In 2020, Aramco invested in a "blockchain-based" oil trading company, Vakt, but later denied any plans to pursue Bitcoin mining after rumors spurred up following the investment.
What do you think? Is Aramco gearing up to enter the ring?
When could Aramco make an announcement do you think?
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22 sats \ 0 replies \ @ewok 18 Jul 2023
if they havent been they will soon
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21 sats \ 0 replies \ @Jon_Hodl 18 Jul 2023
Anytime I see a company get in bed with Black Rock, I assume everything that they say is all lies.
That being said, I absolutely think they have their hand in bitcoin mining and will only continue to increase their stake in it.
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21 sats \ 0 replies \ @OriginalSize 18 Jul 2023
It seems there's a lot of stranded oil and gas in this world and Bitcoin is here for it. I'm sure they're mining in some capacity even if it's in some insignificant way, and it will grow as fields age.
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