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07/08/25 23:24 UTC-04

UK’s Union Jack Oil to Use Excess Gas for BTC Mining

British energy company Union Jack Oil, listed on the London Stock Exchange, has announced plans to convert natural gas from its West Newton site into electricity to mine Bitcoin. This could become one of the first projects in the UK to monetize oil through crypto.

The initiative will be carried out in partnership with Rathlin Energy and Texas-based 360 Energy, a company that specializes in converting flared or stranded gas into electricity for localized data centers.

If successful, Union Jack Oil may adopt a new Bitcoin accumulation strategy, according to Executive Chairman David Bramhill.

Union Jack Oil is not the first company to repurpose unused resources for crypto mining. For instance:

  • In North Dakota, USA, ConocoPhillips (NYSE: COP) launched a pilot program to supply excess gas to Bitcoin miners instead of flaring it.

  • Canadian firm AgriFORCE used unutilized natural gas to power 120 mining rigs dedicated to extracting the flagship cryptocurrency.

See also: "Bitcoin Mining Difficulty Hits All-Time High"

#Bitcoin (BTC) #Mining

Editor: Alyona Nabok
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