Union Jack Oil Will Use Stranded Gas for Bitcoin Mining

UK-based Union Jack Oil plans to power Bitcoin mining rigs using unused natural gas from West Newton. The project aims to generate early cash flow and may lead to a Bitcoin treasury reserve.

Monetizing Gas Through Crypto Mining

Union Jack Oil, a publicly listed energy firm, is launching an “oil-to-Bitcoin” initiative by converting stranded gas at its West Newton site into electricity for crypto mining. The project is in partnership with Rathlin Energy and 360 Energy, which provides mobile power solutions for on-site data centers.

With planning delays blocking traditional development, Union Jack is turning to Bitcoin mining as a faster way to monetize the gas. This also paves the way for potentially launching one of the UK’s first corporate Bitcoin reserves.

From Dormant Resource to Early Revenue

Discovered in 2019, the West Newton gas site remains undeveloped due to regulatory hurdles. Union Jack Oil now plans to use 360’s In-Field Computing units to power mining rigs directly on-site, bypassing infrastructure delays.

Chairman David Bramhill stated that energy developers must now “think outside the box” to grow. He called the project innovative and likely to yield sustainable returns.

A Global Trend: Turning Gas into Crypto

Union Jack’s plan aligns with a wider shift in the energy sector. Oil and gas firms globally are exploring Bitcoin mining to monetize excess gas. In North Dakota, ConocoPhillips supplies extra gas to miners. Tecpetrol in Argentina and AgriFORCE in Canada have also deployed gas-powered mining rigs in 2025.

This model avoids flaring and connects energy production with digital finance. Union Jack Oil may soon join other pioneers in creating a long-term Bitcoin treasury strategy to hedge against market volatility.