UK Oil and Gas Firms Union Jack Oil and Reabold Resources Plan to Mine Bitcoin Using Idle Natural Gas
According to ChainCatcher, UK oil and gas companies Union Jack Oil and Reabold Resources plan to use idle natural gas from West Newton for Bitcoin mining through 360 Energy.
Union Jack Oil sees this as a key strategic avenue for future Bitcoin funding, aiming to optimize asset value. Reabold Resources is focused on achieving higher investment returns through Bitcoin mining, rather than directly purchasing Bitcoin, to enhance the economic benefits of its PEDL183 license project.
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