Reabold Resources, a London-based investment company focused on European gas projects, announced on Monday that it is considering establishing a gas-powered Bitcoin mining station at its West Newton A well site in northern England. The firm stated this pilot project would demonstrate the ability to use on-site gas to fuel data-center developments, which it views as "crucial to the future U.K. economy."
The company holds a drilling license from the Environment Agency and plans to initially use Bitcoin production to help fund further development of the gas field and prove the concept. "A private gas supply means we can run a data centre to mine bitcoin relatively cheaply," said Sachin Oza, co-CEO of Reabold Resources. He added that this could become "the precursor to a far larger data center."
The announcement followed criticism in a Telegraph article, which argued the plan was ill-timed given potential gas shortages due to the ongoing war between Iran and the U.S. and Israel. The article highlighted that Reabold's West Newton gas field is so large it could theoretically power the creation of 50,000 Bitcoin tokens.
However, the UK government issued a statement in late March asserting that concerns about gas supply are unfounded, noting that "Only about 1% of the U.K.’s gas supply in 2025 came from Qatar. We have no reason to expect it would be significantly different in 2026." Reabold emphasized that its significant onshore natural gas resource "has and will continue to be progressed for the benefit of U.K. energy security, which is particularly important at this time of significant geopolitical uncertainty."
The firm's plan to broaden a Bitcoin mining operation into a data center aligns with an industry transformation where many mining companies are diversifying into high-performance computing and supporting the AI industry.
