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Nostra Terra Oil and Gas ( (GB:BUCE) ) just unveiled an announcement.
Buccaneer Energy has successfully raised £500,000 to fund a Bitcoin mining operation as part of its Fouke area development program in Texas. The company plans to use the associated gas from its wells to power the Bitcoin mining operation, aiming to reduce gas flaring and monetize the gas. Buccaneer is also establishing a Bitcoin Treasury function to manage and generate yield from Bitcoin, highlighting its strategic shift towards integrating digital assets into its business model. This move is expected to enhance the company’s operational capabilities and potentially increase its financial performance, although it carries inherent risks due to the volatility and regulatory uncertainties associated with digital assets.
More about Nostra Terra Oil and Gas
Buccaneer Energy Plc is an international oil and gas exploration and production company with development and production assets in Texas, USA. The company is focused on leveraging its resources in the oil and gas industry while exploring new opportunities in digital asset management, particularly through Bitcoin mining.
Average Trading Volume: 47,118,962
Technical Sentiment Signal: Strong Sell
Current Market Cap: £2.77M
For detailed information about BUCE stock, go to TipRanks’ Stock Analysis page.