Reabold Resources, an investment firm focused on European gas projects, has announced plans to potentially set up a bitcoin mining station powered by gas in northern England. Based in London, the company is evaluating the feasibility of constructing a small power plant as a testbed for future data-center developments essential to the U.K.’s economic future, according to a statement released Monday.
The firm intends to utilize bitcoin production from its West Newton A well site to showcase how gas can be used to fuel data-center initiatives. This announcement follows criticism in a Telegraph article over concerns of potential gas shortages, amid geopolitical tensions involving Iran and the U.S., as well as Israel.
However, a U.K. government statement from late March refuted these concerns, indicating that the country’s gas supply would remain unaffected. “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,” the statement said.
The Telegraph article highlighted that Reabold’s West Newton gas field is sufficiently large to potentially support the creation of 50,000 bitcoin tokens. “A private gas supply means we can run a data centre to mine bitcoin relatively cheaply,” commented Sachin Oza, co-CEO of Reabold Resources, which holds an Environment Agency drilling license.
“Initially, this would help fund the further development of the gas field and prove the concept – meaning it could become the precursor to a far larger data center,” he added.
Despite criticism, Reabold emphasized that its significant onshore natural gas resource at the West Newton site in Yorkshire will continue to be developed for U.K. energy security amid current geopolitical uncertainties.
Reabold’s move into bitcoin mining is part of a broader shift within the industry toward high-performance computing and AI support.