British gas investment company Reabold Resources' consideration of Bitcoin mining has sparked controversy.

PANews reported on April 21 that, according to CoinDesk, UK gas investment company Reabold Resources is considering establishing a natural gas-powered Bitcoin mining station at its West Newton A drilling site in northern England as a pilot project for future data center development. The company stated that Bitcoin mining would help fund further development of the gas field and serve as a proof of concept for larger-scale data center operations. Reabold's co-CEO stated that private gas supply allows them to operate data centers for Bitcoin mining at a relatively low cost.

Local media reports indicate that the gas field is massive and could theoretically yield 50,000 bitcoins. The plan has drawn criticism amid concerns about potential gas shortages in the UK due to the potential US-Iran war, but the British government stated in late March that gas supplies would not be affected and that by 2025, only about 1% of the UK's gas supply would come from Qatar.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
Yi Lihua: I expected Bitcoin to rebound to $85,000, and any further significant pullback would be the last chance to buy the dip.
PANews Newsflash