Welcome to our dedicated page for ARKOSE ENERGY news (Ticker: RKOS), a resource for investors and traders seeking the latest updates and insights on ARKOSE ENERGY stock.
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Arkose Energy Corp. has transitioned to the OTC current information standard, enabling it to pursue specialized energy production supporting the Bitcoin proof-of-work network. The company completed a pilot project using natural gas to mine bitcoin. Arkose focuses on efficient processes to convert natural gas into electricity and aims to partner with other energy producers while capturing waste energy. CEO Bo Ritz emphasized that the energy sector will see significant blockchain transformations, promoting sustainable practices and carbon neutrality in its operations.
Arkose Energy Corp. announced a Business Development Agreement with Native American Capital to advance responsible energy solutions for tribal nations. The agreement aims to replace fossil-based energy revenues with transitional energy strategies. Arkose's focus includes utilizing flared natural gas and converting tribal energy resources into digital assets. Executives from both companies expressed optimism about collaborating with tribes to foster energy production that minimizes environmental impact. Arkose, based in Katy, Texas, is pivoting to combine energy production with cryptocurrency mining.
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