TLDR:
Union Jack partners with 360 Energy to power Bitcoin mining rigs using West Newton natural gas.
On-site data centers convert stranded gas into crypto without large-scale infrastructure.
Early-stage deployment targets WNA-2 well, bypassing delays tied to traditional gas development.
Project may position Union Jack as the UK’s first oil firm mining Bitcoin directly from its reserves.
Union Jack Oil is converting its gas discovery into a new kind of asset. The company wants to generate Bitcoin directly from natural gas. Instead of waiting years for full-scale gas development, they are taking a faster route.
A partnership with Texas-based 360 Energy could turn gas from the West Newton field into electricity for on-site crypto mining. It is a shift in strategy aimed at unlocking cash flow sooner.
Union Jack Taps Bitcoin Mining for Early Revenue
Union Jack and its partners have agreed on a non-binding deal with 360 Energy. The company specializes in turning natural gas into power for data centers.
These centers are built on-site and used to mine Bitcoin. The initial deployment will happen at the West Newton A location. It will use gas from the WNA-2 well to power the mining rigs.
Rathlin Energy, the operator of the West Newton site, ran a feasibility study. It showed the field could support early-stage Bitcoin mining. Instead of flaring or wasting uneconomic gas, the field will power computing equipment.
That electricity will mine Bitcoin directly from the wellhead. If successful, the project could expand to other wells in the region.
UK-listed oil and gas company Union Jack Oil announced that its joint venture with Reabold Resources plc and others has signed a non-binding letter of intent with Texas-based 360 Energy to deploy Bitcoin mining facilities at the West Newton gas field, using on-site natural gas to…
— Wu Blockchain (@WuBlockchain) August 7, 2025
The plan comes at a time when energy companies are exploring new ways to generate revenue. Full gas field development requires significant time and regulatory approval. Crypto mining offers a more immediate solution. It provides a clear path to monetize smaller volumes of gas that would otherwise go unused.
The move reflects a growing trend in the energy sector. Oil and gas firms are partnering with tech providers to tap into digital markets.
In this case, 360 Energy brings its In-Field Computing technology to the table. The system has already been used in the United States to capture stranded gas for crypto mining.
West Newton’s Long-Term Value
David Bramhill, Executive Chairman of Union Jack, said that the plan fits the company’s transatlantic energy strategy. He described the approach as a creative solution to regulatory delays. He also mentioned the potential for a Bitcoin treasury strategy in the future.
West Newton holds nearly 200 billion cubic feet of recoverable gas. While regulatory hurdles have slowed progress, Union Jack believes this route can create early value. The mining project could also change how other onshore gas fields are developed in the UK.
If the deal moves forward, Union Jack could be one of the first UK oil companies to mine Bitcoin directly from its energy assets.
