Reabold Resources (LSE:RBD) has provided an update on its West Newton gas project, revealing plans to potentially fast-track monetization by leveraging excess gas for cryptocurrency mining. In partnership with 360 Energy and through its stake in Rathlin Energy, the company is evaluating the feasibility of using gas from existing wells to generate electricity for Bitcoin mining operations.
This innovative approach could enable early production and revenue generation, enhancing the project’s commercial viability while contributing to UK energy resilience. The initiative also aligns with the UK government’s AI Opportunities Action Plan, positioning the West Newton site as a candidate for future co-located data and computing infrastructure.
Company Overview
Reabold Resources plc is an investment-driven energy company focused on advancing key natural gas developments that support Europe’s energy independence. Its diversified portfolio spans exploration, appraisal, and development-stage oil and gas assets, with an emphasis on near-term, lower-risk opportunities offering strong potential for value growth.
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