Natural Rewards is back — and we’re starting with fire and Bitcoin.In this episode, I speak with Stefan Michaelides and Dragan Jovanovic, founders of Sterling Digital PLC, a company set to IPO in London that’s mining Bitcoin from flared natural gas in Texas.By converting stranded gas directly into power, they’re producing Bitcoin at around $21,000 per coin - roughly one-fifth of the current market price. The model combines real-world energy innovation with digital finance, and the economics could make Sterling one of the lowest-cost Bitcoin miners globally.We discuss:The Texas flare-gas model and how it cuts costsScaling from 4 MW to 30 MW+The upcoming IPO and use of proceedsFounder backgrounds and prior success in private operationsWhat it means for London’s small-cap marketPost-IPO plans include deploying ~4 MW and starting production within weeks of listing. No pre-IPO placements, a tight capital structure, and credible City oversight under Chairman Guy Winterflood.🎧 Listen to the full discussion on the Natural Rewards podcast and read the full write-up on Substack:👉 https://naturalrewards.substack.com

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