Union Jack Oil to Launch Bitcoin Mining at West Newton

Union Jack Oil plans Bitcoin mining at West Newton gas site using natural gas for power, in deal with Texas-based 360 Energy.

Aurelien Sage August 7, 2025 - 2:15 PM

Natural gas-powered Bitcoin mining facility at West Newton gas field

Bitcoin News

Union Jack Oil plans to use gas for Bitcoin mining.
Deal signed with US-based 360 Energy.
Mining to take place at West Newton gas field.

UK-based Union Jack Oil has taken a major step toward merging traditional energy with digital finance. In a bold move, the company has signed a non-binding letter of intent with Texas-based 360 Energy to explore Bitcoin mining operations at the West Newton gas field. This venture is part of a joint effort with Reabold Resources plc and other partners.

The aim is to use on-site natural gas to power Bitcoin mining data centers, effectively converting unused energy resources into digital assets. By leveraging this setup, Union Jack Oil could turn a conventional gas field into a cutting-edge tech hub.

A Strategic Pivot Towards Energy Monetization

This project marks a significant shift for the oil and gas sector in the UK. Instead of simply selling gas, Union Jack Oil and its partners intend to monetize the resource by using it directly on-site for crypto mining. Bitcoin mining is energy-intensive, and utilizing natural gas—often wasted or underutilized—could offer both financial and environmental benefits.

360 Energy, with experience in deploying mining infrastructure, will bring technical know-how to the collaboration. Though the agreement is currently non-binding, it signals a strong interest in integrating energy production with blockchain technology.

UK-listed oil and gas company Union Jack Oil announced that its joint venture with Reabold Resources plc and others has signed a non-binding letter of intent with Texas-based 360 Energy to deploy Bitcoin mining facilities at the West Newton gas field, using on-site natural gas to…
— Wu Blockchain (@WuBlockchain) August 7, 2025

What This Means for the Future

If finalized, this project could make West Newton one of the first UK gas fields to be used for Bitcoin mining at scale. It reflects a broader global trend where traditional energy companies are exploring crypto mining to boost profits and reduce waste.

For Union Jack Oil and its investors, this could open a new revenue stream and modernize operations. For the UK energy sector, it’s a glimpse into how blockchain technology can reshape long-standing industries.

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