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Union Jack Oil and Reabold Resources to Utilize Idle Natural Gas for Bitcoin Mining

Summary: According to reports, UK oil and gas companies Union Jack Oil and Reabold Resources plan to use idle natural gas from West Newton through 360 Energy for Bitcoin mining. Union Jack Oil sees this as a key strategy for future Bitcoin funding to optimize asset value. Reabold Resources aims to focus on mining Bitcoin to ...

According to reports, UK oil and gas companies Union Jack Oil and Reabold Resources plan to use idle natural gas from West Newton through 360 Energy for Bitcoin mining. Union Jack Oil sees this as a key strategy for future Bitcoin funding to optimize asset value. Reabold Resources aims to focus on mining Bitcoin to achieve higher investment returns, rather than directly purchasing Bitcoin, in order to enhance the economic benefits of its PEDL183 license project.

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