A recent deployment of 385 ASIC machines at the Indiana site pushed the total over the threshold. That facility now hosts 525 miners, making it the company’s largest location. Other mining operations are located in Nebraska, Iowa, and Texas, as well as Goose Bay in Labrador, Canada. The fleet is currently operating at 94 percent uptime and generating 100 petahashes per second of hashing power.
According to CEO Hewie Rattray, the expansion is part of a broader strategy focused on Bitcoin-native economics. “Reaching 1,000 miners is a major operational milestone,” Rattray said. “Mining allows us to build a Bitcoin-denominated cost base and earn native yield on our treasury.”
London BTC maintains a debt-free balance sheet and holds a substantial amount of Bitcoin in its treasury. This approach keeps the company closely aligned with the long-term vision of the Bitcoin network and positions it to benefit from future market cycles.
The firm is publicly listed on the London Stock Exchange under the ticker BTC.L and trades on the US OTCQB as VINZF. It identifies as a Bitcoin treasury company, acquiring and earning Bitcoin through direct purchases and self-mining. Its domicile in the British Virgin Islands provides regulatory and tax advantages that support its North American growth.
This milestone reflects a broader trend: institutional Bitcoin mining is no longer limited to niche players. Publicly traded companies are increasingly integrating Bitcoin into their core operations, signaling a deeper shift in how digital assets are being used in corporate strategy.
