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Union Jack Oil JV to Mine Bitcoin Using On-Site Gas at West Newton

Published by
Sohrab Khawas

UK-listed Union Jack Oil, along with joint venture partners including Reabold Resources, has signed a non-binding letter of intent with Texas-based 360 Energy to start Bitcoin mining at the West Newton gas field. The project plans to use natural gas found on-site to power Bitcoin mining data centers. This approach aims to turn stranded gas into energy for crypto production, offering a new way to monetize resources and create a Bitcoin treasury.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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