UK-based Union Jack Oil partners with Texas-based 360 Energy to transform natural gas into Bitcoin mining profits. The initiative aims to use gas from the West Newton A and B wells to power onsite data centers. According to Union Jack, early production concepts like this allow them to unlock value from existing wells.

UK-based Union Jack Oil partners with Texas-based 360 Energy to transform natural gas into Bitcoin mining profits. The initiative aims to use gas from the West Newton A and B wells to power onsite data centers. According to Union Jack, early production concepts like this allow them to unlock value from existing wells.

Source: https://cryptoslate.com/uk-based-union-jack-oil-turns-to-bitcoin-mining-amid-rising-network-difficulty/