The London BTC Company (formerly Vinanz) , an LSE Main Market-listed Bitcoin treasury company, issued an update on its mining operations in North America. London BTC said it has surpassed 1,000 operational ASIC (hardware-accelerated) Bitcoin miners across the US and Canada.
The milestone was reached after London BTC added 385 Bitcoin miners to its megawatt hosted facility in Indiana, taking the fleet there to 525 operational miners - its largest operation in any one US state. Along with the company's other miners currently hashing in Nebraska, Iowa, Texas, and Labrador, the overall fleet exceeded 1,000.
London BTC said its fleet of now 1,005 Bitcoin miners was operating at 94% uptime, 100% efficiency, and hashing a total of 100 petahash per second (PH/s).
Hewie Rattray, CEO of London BTC Company, commented: "Crossing the 1,000 miner mark is a major operational milestone for us. Bitcoin mining is not just about production; it's also about building a Bitcoin-denominated cost base and earning native yield on our treasury. As a public company, we view mining as a strategic tool that strengthens our balance sheet, deepens our exposure to Bitcoin, and aligns us with the long-term incentives of the Bitcoin network. The Company is in a strong financial position, with no debt and holding a considerable amount of Bitcoin in treasury. Our BVI domiciled status should stand us in a good position tax wise."
View from Vox
The London BTC Company reports a significant milestone in its mining operations, now harnessing over 1,000 ASIC BTC miners to yield 100 PH/s. While the company has been largely focused on fundraising and growing its BTC treasury, mining remains an integral part of its business strategy, giving it cheaper and more efficient access to Bitcoin. Mining complements London BTC's now considerable Bitcoin treasury, helping keep the company debt-free by offsetting BTC-denominated costs and earning native yield.
The company has pledged to grow its Bitcoin position aggressively through fundraising and mining. The last major placing raised £1.5m on July 10, preceded by a £3.6m placing and retail offer on June 17, and multiple other rounds since the maiden 16.9 BTC investment was made in May 2025. The treasury has since grown to over 64 BTC in only a few months.
The success of London BTC's fundraising campaign can be partly attributed to its LSE Main Market listing where it sports the iconic ticker BTC, giving it access to a much larger capital pool and wider array of fundraising structures than its competitors on Aquis. London BTC is also actively pursuing a NASDAQ listing to expand its reach further.
For investors seeking to enhance their Bitcoin exposure, adding London BTC Company alongside BTC/BTC ETF holdings can boost leverage while providing access to a dynamic LSE MM-listed BTC treasury company that is actively raising money and growing its BTC position. London BTC is targeting substantial market cap growth through direct purchase of BTC and its now 1,005-strong mining operation in North America. London BTC shares rose 12% on today's announcement.
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