Union Jack Oil Turns to Bitcoin Mining at UK Gas Site

Union Jack Oil Turns to Bitcoin Mining at Delayed UK Gas Site

Written by Aaron S.,

Editor-In-Chief

Last Updated: August 08, 2025

Key Takeaways

Union Jack Oil plans to mine Bitcoin using gas from its West Newton site to offset project delays;
The company will partner with Rathlin Energy and 360 Energy to power mining rigs with unused gas;
If successful, Union Jack Oil may hold mined Bitcoin as part of a financial strategy.

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A UK-based energy company listed on the stock exchange, Union Jack Oil, is planning to turn natural gas at its West Newton site into power for Bitcoin mining.

According to an August 7 report, Union Jack Oil is working with Rathlin Energy, the site operator, and 360 Energy, a company from Texas that helps turn unused or wasted gas into electricity.

They have signed a non-binding letter of intent to use 360’s equipment, which is designed for field use and can support data centers like those used for mining Bitcoin BTC $112,314.98 .

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The West Newton project became part of Union Jack Oil’s portfolio in 2019 after Rathlin Energy found gas there. Later drilling confirmed it as one of the biggest onshore gas finds in the country. Despite its potential, the project has faced repeated delays due to planning issues and concerns surrounding fossil fuel developments.

Union Jack Oil’s Executive Chairman, David Bramhill, said, "Regulatory uncertainty has unduly hampered progress". He also stated that companies like Union Jack Oil have had to look for new ways to keep moving forward.

According to Bramhill, the plan to mine Bitcoin could help bring in steady returns while the company waits for the full-scale project to get back on track. If the mining effort proves successful, Union Jack Oil might even keep some of the Bitcoin it mines as part of its financial strategy.

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