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Reabold Resources ( (GB:RBD) ) has provided an announcement.
Reabold Resources has announced an update on the West Newton gas development project, highlighting the potential for early monetization through crypto mining. The company, through its interest in Rathlin Energy, is exploring the use of gas from existing wells to generate electricity for bitcoin mining, in collaboration with 360 Energy. This initiative could provide early production and cash flow, enhancing the project’s value and supporting UK energy security. The plan aligns with the UK government’s AI Opportunities Action Plan, positioning West Newton as a potential growth area for co-located data centers.
More about Reabold Resources
Reabold Resources plc is an investing company focused on developing strategic gas projects for European energy security. It holds a diversified portfolio of exploration, appraisal, and development oil and gas projects, aiming to invest in low-risk, near-term projects with significant valuation uplift potential.
Average Trading Volume: 25,818,979
Technical Sentiment Signal: Strong Sell
Current Market Cap: £5.35M
Find detailed analytics on RBD stock on TipRanks’ Stock Analysis page.