UK gas firm downplays bitcoin mining plans after report suggested pivot
The Block
Reabold Resources clarified that its West Newton gas site remains focused on UK energy security despite reports about potential bitcoin mining plans.Summary
Reabold Resources has clarified its strategy regarding the West Newton gas field in Yorkshire following reports that it intended to prioritize bitcoin mining over domestic energy supply. While the firm acknowledged exploring small-scale bitcoin mining using initial gas flows to demonstrate the viability of onsite data centers, it emphasized that the site's primary purpose remains contributing to UK energy security. Reabold maintains that it is evaluating multiple development pathways, including potential connections to the national gas grid or industrial centers.
(Source：The Block)