Bitcoin News Today: Union Jack Oil to Power Bitcoin Mining With On-Site Gas

Union Jack Oil, a UK-listed oil and gas company, has announced plans to deploy Bitcoin mining operations at its West Newton gas field in East Yorkshire, using on-site natural gas to power mining rigs. The initiative, still in the early stages, is part of a non-binding agreement with Texas-based energy firm 360 Energy. This collaboration aims to generate electricity from stranded gas—otherwise uneconomical or flared—to directly power Bitcoin mining equipment at the wellhead [1][2]. The first deployment is expected at the WNA-2 well, leveraging existing infrastructure to bypass the lengthy and complex process of full-scale gas development [3].

The project represents a strategic shift for Union Jack, which holds a 16.665% stake in the West Newton site. Instead of waiting for regulatory approvals that have delayed traditional monetization strategies, the company is exploring a faster path to revenue by converting natural gas into digital assets. By deploying 360 Energy’s In-Field Computing technology—previously used in the U.S. for similar purposes—Union Jack aims to unlock early cash flow from its nearly 200 billion cubic feet of recoverable gas reserves [4][6].

The initiative aligns with a growing trend among energy firms globally to diversify revenue streams, particularly through digital assets. Union Jack believes the move allows for a quicker return on investment compared to conventional methods, especially given the regulatory and market uncertainties affecting traditional gas development. The company also emphasized the environmental benefits, noting that the project could reduce flaring and emissions by utilizing otherwise wasted gas [5].

While the project has yet to move beyond the feasibility and planning stages, it has the potential to redefine how UK onshore gas fields are developed and monetized. If successful, Union Jack could become one of the first UK oil companies to mine Bitcoin directly from its energy assets. The company has not yet provided timelines or projected outputs, but it remains optimistic about the long-term value the project could unlock [2][6].

This venture also highlights the transatlantic energy strategy of Union Jack, as articulated by Executive Chairman David Bramhill, who described the approach as a creative solution to regulatory delays. Bramhill also hinted at the potential for a future Bitcoin treasury strategy, suggesting the company may explore broader digital asset integration [4][7]. Analysts note that such projects remain rare in the UK energy sector, making this initiative a potential test case for similar ventures [1].

The collaboration with 360 Energy is expected to provide the technical and operational support necessary for the project to progress. Further details will emerge as the partnership advances, but for now, the plan underscores the evolving role of energy firms in the digital asset space. By combining stranded gas with cryptocurrency mining, Union Jack is seeking to bridge traditional and modern forms of value creation [5][7].

Sources:

[1] UK oil company plans using gas to power Bitcoin mining - [https://www.energyvoice.com/oilandgas/natural-gas/577877/uk-oil-gas-bitcoin-mining/](https://www.energyvoice.com/oilandgas/natural-gas/577877/uk-oil-gas-bitcoin-mining/)

[2] UK: Union Jack Oil provides operations update on West ... - [https://www.energy-pedia.com/news/united-kingdom/union-jack-oil-plc--(union-jack-or-the-company)--operations-update-on-west-newton-pedl183--early-monetisation-potential-through-cryptocurrency-200796](https://www.energy-pedia.com/news/united-kingdom/union-jack-oil-plc--(union-jack-or-the-company)--operations-update-on-west-newton-pedl183--early-monetisation-potential-through-cryptocurrency-200796)

[3] Union Jack Oil Explores Cryptocurrency Mining to ... - [https://www.tipranks.com/news/company-announcements/union-jack-oil-explores-cryptocurrency-mining-to-monetize-gas-production](https://www.tipranks.com/news/company-announcements/union-jack-oil-explores-cryptocurrency-mining-to-monetize-gas-production)

[4] Union Jack Oil and partners eye Bitcoin monetisation plan ... - [https://www.proactiveinvestors.com/companies/news/1076236/union-jack-oil-and-partners-eye-bitcoin-monetisation-plan-at-west-newton-1076236.html](https://www.proactiveinvestors.com/companies/news/1076236/union-jack-oil-and-partners-eye-bitcoin-monetisation-plan-at-west-newton-1076236.html)

[5] Union Jack Oil Plans BTC Mining Using West Newton Gas ... - [https://coinfomania.com/union-jack-oil-plans-btc-mining-using-west-newton-gas-supply/](https://coinfomania.com/union-jack-oil-plans-btc-mining-using-west-newton-gas-supply/)

[6] UK Gas to Bitcoin: Union Jack Plans Crypto Mining at West ... - [https://blockonomi.com/uk-gas-to-bitcoin-union-jack-plans-crypto-mining-at-west-newton/](https://blockonomi.com/uk-gas-to-bitcoin-union-jack-plans-crypto-mining-at-west-newton/)

[7] UK firms Union Jack Oil and Reabold Resources plan to ... - [https://www.panewslab.com/en/articles/4a700895-6203-4d5c-bed6-35461a97e529](https://www.panewslab.com/en/articles/4a700895-6203-4d5c-bed6-35461a97e529)