UK’s Union Jack Oil to Mine Bitcoin Using Natural Gas

Highlights:

• Union Jack plans to mine Bitcoin using gas from West Newton’s WNA-2 well.
• The company signed a deal with 360 Energy to deploy mobile mining units.
• The project aims to profit from unused gas ahead of full gas production development.

Union Jack Oil, a UK-based oil and gas firm, plans to mine Bitcoin using natural gas from its West Newton site. The company has signed an initial (non-binding) deal with U.S.-based 360 Energy, which converts natural gas into electricity for on-site BTC mining data centers. This setup aims to generate quicker income from the gas reserves.

🚨JUST IN: 🇬🇧 Union Jack Oil and 🇬🇧 Reabold Resources plan to mine #Bitcoin at West Newton using stranded gas via 360 Energy.

Union Jack sees it as a path to a future Bitcoin treasury strategy. Reabold Resources aims to mine BTC for higher ROI vs. simply buying it. pic.twitter.com/3Rl9vT7ay3

— NLNico (@btcNLNico) August 7, 2025

Turning Gas into Digital Gold

Under the plan, natural gas from West Newton will be used to produce electricity. This will start with the WNA-2 well. The electricity will power mobile data centers that mine Bitcoin right at the site. These data centers will use 360 Energy’s “In-Field Computing” (IFC) technology. The first IFC unit is planned for the West Newton A site.

Rathlin Energy, which operates the site, conducted a study showing that early-stage Bitcoin mining is possible. Instead of flaring or wasting gas that isn’t currently economical to sell, the gas will be used to power computers for mining. If successful, the project could expand to other wells in the area. The joint venture sees this as a way to generate income sooner, ahead of full-scale gas development. West Newton holds nearly 200 billion cubic feet of recoverable natural gas. Although progress has been delayed by regulations, Union Jack believes this new plan can help them start making money sooner. 

Union Jack’s Executive Chairman, David Bramhill, said crypto mining is a smart and creative way to make money in the short term. He called it a “positive update” and a sign of the company’s effort to get value from gas that might otherwise go to waste. Bramhill also said that delays with UK regulations have been a challenge. But early signs of more support for onshore energy are promising. He sees this project as a mix of old and new, combining traditional energy with digital technology.

Still in the Early Stages, but Gaining Momentum

The deal with 360 Energy isn’t final yet, but Union Jack and its partners are working toward a full agreement.  The project will still need approval from regulators and other parties before it can move forward. If it goes ahead, this would be one of the first efforts in the UK to use crypto mining at a gas production site, a trend that has been more common in North America.

It’s part of a wider shift in the energy industry, where companies are trying off-grid mining to make money from unused or hard-to-sell gas. Union Jack owns a 16.665% share in the West Newton license (PEDL183). With energy prices falling and crypto markets possibly picking up again, this move could help the company protect its future income.