British Oil and Gas Company Downplays Bitcoin Mining Rumors, Emphasizes Priority to Safeguard National Energy Supply

BlockBeats News, April 20th – UK oil and gas company Reabold Resources issued a clarification statement on April 20th regarding weekend media reports suggesting its prioritization of Bitcoin mining using a natural gas field instead of boosting the UK's energy supply.

The company stated that its West Newton gas field in Yorkshire will continue to prioritize serving the UK's energy security. At the same time, the company is indeed exploring the deployment of small-scale power generation facilities to mine Bitcoin using the initial gas output. However, this is aimed at demonstrating the feasibility of developing an on-site gas-driven data center to pave the way for future large-scale data center projects.

The company emphasized that this action does not rule out the possibility of integrating the gas into the national grid or supplying industrial users in the future. Earlier reports suggested that the gas field could theoretically mine 50,000 Bitcoins, but the company has not confirmed any timeline or equipment plans.