₿$70,758.15▼ 3.15%
Alliance Resource Partners, L.P.
ARLP🇺🇸Reserve
Alliance Resource Partners, L.P. is a leading US coal producer operating seven underground mining complexes across Illinois, Indiana, Kentucky, Maryland, Pennsylvania, and West Virginia. The company mines Bitcoin using surplus electricity at its River View Kentucky facility, operating approximately 3,500 mining rigs alongside hosting third-party miners.
BTC Holdings
592 BTC
Insufficient history
Stock Price
$26.28
180d
Total financing
469.36M USD
180d
mNAV
80.57x
180d
Leverage
950.5%
180d
BTC Credit
>9,999 bps0.1x
Sats/Share
461
180d
Mkt cap
3.38B USD
Shares
128.43M
Fiat reserve
71.21M USD
Total reserve
113.10M USD
Dilution
0.0%
Coverage
1.1 yr
BTC mix
0%
Analytics
BTC Coverage
Financials
US-GAAPAnnualAs of 2025-12-31
Balance Sheet
Total Assets$2.9B▼2.1%
Total Liabilities$993.6M▼6.5%
Stockholders' Equity—
Cash & Equivalents$71.2M▼48.0%
Total Debt$450.8M▼4.7%
Digital Assets$51.8M▲15.1%
Income Statement
Revenue$2.2B▼10.4%
Operating Income$385.3M▼2.2%
Net Income$311.2M▼13.8%
Interest Expense$-37M▼32.1%
Cash Flow
Operating Cash Flow$651.1M▼18.9%
Instruments
| Instrument | Term | Coupon | Principal | Outstanding | BTC Rating |
|---|---|---|---|---|---|
| ARLP-Jun29 | Jun '24 – Jun '29 | 8.625% | 400.00M USD | 400.00M USD | 0.1x |
| ARLP-TL | Jan '23 – Mar '28 | — | 75.00M USD | 31.64M USD | >10x |
| ARLP-Equip24 | Feb '24 – Feb '28 | 8.29% | 54.60M USD | 31.82M USD | >10x |
| ARLP-Craft32 | Jan '26 – Jan '32 | 5% | 5.90M USD | 5.90M USD | 0.1x |
| Total | 469.36M USD | ||||
Recent Changes
Thu, Jan 29, 2026
Debt OutstandingIssuanceARLP-Craft32
5.9M
Subsequent event - coal reserves purchase from related party
Form 10-K (2025)Wed, Dec 31, 2025
BTC Holdings
568→592+24 BTC(+4.2%)
Form 8-K (FY2025 earnings release)
Debt OutstandingARLP-Revolver
0
$41M letters of credit outstanding; $384M available
Form 10-K (2025)Debt OutstandingRepaymentARLP-TL
45.7M→31.6M-14.1M(-30.8%)
Form 10-K (2025)
Debt OutstandingARLP-Equip24
54.6M→31.8M-22.8M(-41.7%)
Form 10-K (2025)
Debt OutstandingARLP-AR
0
$11.7M letters of credit outstanding; $63.3M available
Form 10-K (2025)Fiat Reserve
94.5M→71.2M-23.3M(-24.6%)USD
Form 10-K (2025)