Union Jack Oil JV Powers Bitcoin Mining with On-Site Gas at West Newton – Turning Waste into Wealth

Fossil fuels meet digital gold—Union Jack Oil’s joint venture flips the script by harnessing stranded gas for Bitcoin mining. No pipelines, no permits—just raw, off-grid hashrate.

How’s that for ESG innovation? (Or creative accounting, depending on which hedge fund manager you ask.)

The play: Use otherwise flared gas to fuel mobile mining rigs at the West Newton site. No energy wasted, no profits left behind—unless you count the carbon credits they’ll inevitably sell twice.

Bullish side-effect: Every barrel of oil equivalent now comes with a side of satoshis. Bears mutter about ‘distraction from core operations’ while quietly updating their mining stock portfolios.

Closing thought: When traditional energy and crypto shake hands, somebody’s getting a leverage loan—and it’s probably not the rig operators.

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.