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Giant Yorkshire gas field ‘to mine Bitcoin instead of boosting British energy’

Summary

A giant new natural gas field in Yorkshire is to be exploited for mining Bitcoin rather than boosting Britain’s energy supplies. Reabold Resources has been awarded a licence to carry out “gentle” fracking in the West Newton field near Hull, which is estimated to contain up to eight billion cubic metres of gas.

14 Articles

GB News

Lean Right

Yorkshire gas field capable of supplying tenth of UK's power needs 'to mine Bitcoin instead'

A Yorkshire gas field capable of supplying one tenth of the UK's power with potential to stabilise Britain's drastically turbulent energy network will instead be used to mine Bitcoin.The Environment Agency has granted Reabold Resources permission to conduct low-pressure fracking operations at the West Newton site, located just north of Hull.This gas field represents one of Britain's most significant onshore discoveries, with reserves estimated a…

1 day ago·London, United Kingdom

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Coin Desk

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CheckCryptoNews

Center

UK-based Reabold draws criticism for weighing gas-powered bitcoin mining operation

The investment firm said it wants to test gas-powered bitcoin mining before transitioning the plant into a data center to benefit the future of the U.K. economy

1 day ago·Manila, Philippines (the)

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RedState

Right

Britain Freezes While Yorkshire Gas Fuels Crypto Folly

Yorkshire's new giant gas field will power Bitcoin mining instead of easing UK energy costs.

1 day ago·Washington, United States

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The Telegraph

+2 Reposted by 2 other sources

Lean Right

Giant Yorkshire gas field ‘to mine Bitcoin instead of boosting British energy’

Reabold Resources plans to build data centre powered by West Newton field near Hull

2 days ago·London, United Kingdom

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Cryptocurrency News | Cryptocurrency Prices | Market Cap

UK Gas Firm Clarifies Bitcoin Mining Plans at Yorkshire Site

Reabold Resources has clarified it is only exploring small-scale bitcoin mining at its UK gas site, following reports of a broader pivot. The company …

9 hours ago

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Cryptoast

Bitcoin Mining: This Energy Company Revises Its Strategy in the Face of Criticism

The gas company of the United Kingdom, Reabold Resources, wanted to undermine Bitcoin by taking advantage of the exploitation of a new deposit. An interesting strategy from a financial point of view that will quickly come up against many criticisms, involving the energy security of the country. The article Bitcoin Mining: this energy company revises its strategy against the critics appeared first on Cryptoast.

11 hours ago

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