London Bitcoin Company Surpasses 1,000 Miners in North America
The London Bitcoin Company has officially reached a significant milestone in its mining history. As of July 31, the company operates over 1,000 active Bitcoin miners across multiple sites in North America.
The announcement was made on Thursday, with the upgrade described as a “significant operational achievement.” The new miner count includes the recent deployment of 385 ASIC miners at its Indiana facility. There are currently 525 miners installed there, making it the company’s largest facility to date.
Other facilities are located in Nebraska, Iowa, and Texas (USA), as well as Goose Bay, Labrador, Canada. The entire fleet currently operates with 94% uptime and delivers 100 petahashes per second of computing power.
The mining industry is not just a business, it is a strategy
For London BTC, expanding its mining fleet is not just about increasing production volumes. It is part of a broader strategy focused on Bitcoin that defines the company’s operating model.
“Reaching 1,000 miners is a significant milestone for us,” said CEO Huey Rattray. “Bitcoin mining is not just about production, it’s about creating a cost base denominated in bitcoin and generating profits on our balance sheet.”
Rattray added that mining allows the company to fully comply with the long-term development plans of the Bitcoin network. The company has no debt and holds a significant amount of bitcoin in reserve, which allows it to benefit from future market cycles.
Public, private and aggressive
London BTC is listed on the London Stock Exchange under the ticker BTC.L and traded on the US OTC marketplace OTCQB under the ticker VINZF. The company positions itself as a bitcoin treasury that stores and accumulates bitcoin through direct acquisition and independent mining.
The company’s structure, including its domicile in the British Virgin Islands (BVI), provides it with a favorable regulatory and tax environment. This is another advantage the company intends to use as it expands its operations in North America.
How does this affect the market?
London BTC's significant achievement highlights the growing popularity of institutional Bitcoin mining, not only among startups and specialized companies. More and more public companies are starting to view Bitcoin not just as an investment, but as a key asset for their operations and financial management.
For investors following the broader cryptocurrency market, this expansion serves as another signal that Bitcoin is continuing to move deeper into corporate infrastructure, and this time it’s not just noise, but actual hardware.
Source: cryptonews.net
