The post Union Jack Oil JV to Mine Bitcoin Using On-Site Gas at West Newton appeared first on Coinpedia Fintech News
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.
Source: https://coinpedia.org/crypto-live-news/union-jack-oil-jv-to-mine-bitcoin-using-on-site-gas-at-west-newton/