Key Notes

UK energy firm will use on-site gas generation for cryptocurrency mining without traditional grid dependency.

Bitcoin network hashrate exceeded 1 ZH/s in August 2025, creating competitive conditions favoring low-cost operations.

Union Jack shares gained 1% following the announcement, reflecting positive investor sentiment toward the strategy.

Union Jack Oil plc, a UK-based onshore hydrocarbon production company, announced plans to utilize natural gas from its West Newton field to power on-site Bitcoin mining operations. The company holds a 16.665% stake in the West Newton discovery area, and it is working with joint venture partners and 360 Energy Inc., a Texas-based firm specializing in natural gas offtake and monetization through Bitcoin mining technology.

The strategy i

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