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Mendell Helium PLC - Perth, Scotland-based helium production company - Says it is evaluating options for the optimum location for its bitcoin mining operation. Notes that as well as Fort Dodge in Iowa, it is examining trapped gas assets in other locations that could provide low cost energy for bitcoin mining. Adds that it has completed the onboarding of Bitgo Inc as custodian to store future bitcoin mined. Also establishes subsidiary Mendell Digital LLC, a Kansas incorporated firm, to act as the vehicle for its bitcoin mining operations. ‘I’m pleased to report that our plans for bitcoin mining since publishing our bitcoin treasury management policy are gathering pace,’ says Chief Executive Nick Tulloch. ‘As well as Fort Dodge, where we anticipate having excess methane as part of our helium production operations, we are also looking at more focused sites where known methane resources exist but the access to market is not available. These sites could potentially provide very low cost methane and house generators and servers at the wellhead.’ Current stock price: 1.75 pence 12-month change: down 63% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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