Is the world's largest oil producer mining BTC now? (Saudi Aramco 🤝 BlackRock) \ stacker news ~bitcoin

Aramco is the largest oil company in the world, by far. Check out its market cap relative to the top 5:

https://imgprxy.stacker.news/Xf9lvom0YGaXaNq8ehayvYJdJiclAqNKrPBJgZZ_W_c/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLmltZ3VyLmNvbS9ybWQ2Q0xNLnBuZw

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.

https://imgprxy.stacker.news/1wMGTZQkEX_8jUkzi0HyynYEYjZhsrNFe9y_EKbp_mM/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLmltZ3VyLmNvbS9zc3Npb3BFLnBuZw

What do you think? Is Aramco gearing up to enter the ring?

When could Aramco make an announcement do you think?

22 sats \ 0 replies \ @ewok 18 Jul 2023

if they havent been they will soon

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.

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.