๐ฅ UK Oil Company Turns Gas Into Bitcoin โ Could This Be the First Corporate BTC Treasury in the Country? ๐ฌ๐งโก
Union Jack Oil, a publicly traded UK energy player, just made a bullish pivot into Bitcoin mining โ and itโs turning โstrandedโ natural gas into digital gold. ๐ข๏ธโก๏ธ๐ปโก๏ธ๐ฐ
Instead of letting untapped gas at its West Newton site sit idle, the company plans to convert it into electricity to power Bitcoin miners โ potentially creating one of the UKโs first โoil-to-BTCโ monetization projects.
๐ Why it matters:
Instant cash flow from gas thatโs been stuck due to planning delays.
Partnering with Rathlin Energy and Texas-based 360 Energy to run on-site Bitcoin mining using In-Field Computing tech.
If all goes well, Union Jack may launch a Bitcoin Treasury strategy โ holding BTC as part of its corporate balance sheet.
๐ก West Newton was discovered in 2019 and is one of the UKโs largest onshore gas finds since 1973. But delays and regulations have kept it from reaching the market. Mining Bitcoin directly on-site could turn those setbacks into Satoshi-sized wins.
๐ฅ Imagine this: UKโs oil turning into hashpower, hashpower turning into Bitcoin, Bitcoin turning into a corporate treasury โ a cycle of energy becoming digital scarcity.
What do you think โ is this the start of a UK Bitcoin mining boom or just a clever side hustle? ๐ค๐ญ
