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Volato Unveils Bitcoin Mining Technology for $2.4B Aviation Market on Airplanes

Dec 3, 2024, 02:03 PM

Volato Group, a U.S.-based aviation company, has unveiled a patent-pending technology to mine Bitcoin on airplanes during flights. The company plans to harness underutilized aircraft resources and excess electricity generated during flights to power advanced computing systems for cryptocurrency mining. This innovation aims to transform the $2.4 billion aviation market by generating additional revenue streams while supporting sustainability efforts. The initiative represents a unique intersection of aviation and cryptocurrency, leveraging high-altitude operations for mining efficiency. The development has been linked to the stock ticker $SOAR.