Alliance Resource Partners (NASDAQ: ARLP) is a major U.S. coal producer and natural resource MLP that has diversified into Bitcoin mining and treasury accumulation. Using surplus electricity at its River View Kentucky facilities, it operates approximately 3,500 mining rigs and hosts some 1,000 third-party miners. As of December 31, 2024, it held approximately 482 BTC (about $45 million), with a steadily growing position through in-house mining operations rather than direct purchases. This hybrid coal-and-crypto model positions ARLP among public companies converting energy assets into digital-asset value.
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