Liebold Resources, an investment firm focused on developing gas projects in Europe, said it is considering setting up a gas-fired Bitcoin mining station in northern England.
The London-based company said in a statement on Monday that it is exploring the possibility of introducing small power plants as future pilots.
Bitcoin production from the company’s West Newton well site will be used to demonstrate the ability to use gas as fuel target=”_blank”>A Telegraph article criticizing the plan comes at a time when the country could face gas shortages due to war between Iran and the US and Israel.
A UK government statement in late March said fears of potential gas shortages were unfounded and gas supplies would not be affected.
“Only around 1% of the UK’s gas supplies in 2025 came from Qatar. There is no reason to expect that to change significantly in 2026.”
According to an article in the Telegraph, Riebold’s West Newton gas field is so large that it could theoretically generate 50,000 Bitcoin tokens.
“The private gas supply means we can run a data center to mine Bitcoin relatively cheaply,” said Sachin Oza, co-CEO of Reebold Resources, which has drilling permits from the Environment Agency.
“Initially, this will help fund further development of the gas field and prove the concept, meaning it could be a precursor to a much larger data centre.”
However, the company said: “The significant onshore natural gas resources at our West Newton site in Yorkshire have been and will continue to be developed in the interests of the UK’s energy security. This is particularly important at a time of great geopolitical uncertainty.”
Liebold’s plan to expand bitcoin mining operations into data centers is transforming bitcoin mining, with many companies turning to support high-performance computing and AI industries.
