Union Jack Oil PLC has announced a bold plan to leverage Bitcoin Mining’s gas reserves. In collaboration with Reabold Resources and others, the company has signed a non-binding letter of intent with Texas-based 360 Energy Inc.
The agreement outlines how the use of West Newton Gas enhances on-site Bitcoin mining operations. This move marks an innovative change for the traditionally conservative energy sector. UnionJack aims to convert natural gas directly to electricity and fuel modular data centers designed for BTC mining.
West Newton Site: New Digital Frontier
West Newton, in Yorkshire, owns an estimated 200 billion cubic feet of recoverable gas. On behalf of the joint venture, site operator Rathlin Energy conducted a feasibility study. This research supports early monetization with field computing (IFC) solutions.
360 Energy’s IFC platform captures strand or flare gas and converts it to electricity. Its power uses modular data centers and enables efficient, low-carbon Bitcoin mining in the location. If approved, the first unit will be deployed to West Newton and target gas from WNA-2. The aim is to generate short-term revenue before full-scale gas development is approved. Preliminary estimates suggest that the project could provide strong financial benefits.
Regulation and strategic outlook
Union Jack executive chairman David Blumhill called the plan a “positive update.” He said the company is thinking creatively to unlock value from untapped resources. Mining initiatives, if successful, could lead to new Bitcoin financial strategies.
Bramhill acknowledged that regulatory uncertainty is slowing progress. However, he noted early signs of an improvement in the UK’s attitude towards land energy development. He highlighted the synergy between UnionJack’s traditional oil and gas expertise and future-looking digital mining ventures. “Atland producers have to think outside the box now,” Bramhill said. “This project is in line with our goal of creating sustainable returns for shareholders.”
Fusion of energy and technology
The collaboration between UnionJack and 360 Energy highlights the growing intersection of legacy energy and modern finance. Bitcoin mining offers a compelling path as natural gas producers seek less profitable emissions alternatives.
If implemented, this venture could act as a model for others. It literally shows how you are stuck and how idle gas reserves promote decentralized finance. While still in its early stages, the project illustrates how traditional energy companies will evolve in the digital-first world.