Riyadh – Mubasher: Saudi Arabian Oil Company (Saudi Aramco) has refuted the news reporting that it would embark on Bitcoin mining activities, according to a press release on Monday.

“Aramco confirms that these claims are completely false and inaccurate,” the Saudi oil giant stated.

Media channels recently said that Aramco intends to step into the crypto domain. It was reported that the details concerning the company's plan to mine Bitcoin were given by Ray Nasser, a Brazilian Bitcoin miner.