Appold appointed as Adviser to AIM-listed Buccaneer Energy PLC
19 August 2025
Buccaneer Energy PLC, the AIM-listed international oil and gas exploration and production company, has appointed Appold as its strategic advisor for a potential future strategy that would utilise flare gas to power Bitcoin mining.
As an award-winning independent blockchain and digital asset advisory firm with a strong track record in institutional digital asset strategy and treasury management, Appold will support Buccaneer Energy as an adviser on implementing governance, custody, trading, and risk management frameworks for any future Bitcoin activities. As part of this ongoing partnership, Appold will also support Buccaneer Energy in evaluating partnering with a Bitcoin mining operator to generate a potential return from its associated gas production.
Pete Osborne, Partner & Co-Founder at Appold, commented:
"We are delighted to be appointed as strategic advisors to Buccaneer Energy as it considers undertaking this Bitcoin mining initiative. The combination of flare gas offtake utilisation and robust governance frameworks presents a unique opportunity to optimise operational efficiency. We look forward to supporting the Company in delivering its strategy."
Paul Welch, Chief Executive Officer at Buccaneer Energy, added:
“We are excited to partner with Appold on these potential plans to develop our Bitcoin Mining strategy, subject to receiving the required regulatory approvals. By working with Appold, we can ensure the effective handling, storage, and sale of the Bitcoin revenue ultimately generated from this operation.”
For further information, please contact:
info@appold.com