Union Jack Oil JV to Mine Bitcoin Using On-Site Gas at West Newton
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.
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Union Jack Oil JV to Mine Bitcoin Using On-Site Gas at West Newton
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.
Read More
Smarter Web Adds 50 BTC, Now Holds $229M in Bitcoin