Bitcoin News Today: London Bitcoin Company Crosses 1,000 Miner Milestone in North America

London Bitcoin Company has crossed a significant operational milestone, operating over 1,000 active Bitcoin miners across multiple North American locations as of July 31 [1]. The firm recently deployed 385 new ASIC machines at its Indiana facility, bringing the total number of miners at that site to 525—the company’s largest single location to date. Additional mining operations are underway in Nebraska, Iowa, Texas, and Goose Bay, Canada. The company’s overall fleet is running at 94% uptime, with a combined hashing power of 100 petahashes per second [1].

CEO Hewie Rattray described the 1,000 miner threshold as a “major operational milestone,” emphasizing that Bitcoin mining is not merely a production activity but a strategic component of the company’s operating model. Rattray noted that the firm is building a Bitcoin-denominated cost base while earning native yield on its treasury holdings. The company currently holds a significant amount of Bitcoin in its treasury, with no outstanding debt, positioning itself to benefit from future market cycles [1].

London BTC is publicly traded on the London Stock Exchange under the ticker BTC.L and on the US OTCQB as VINZF. It operates as a Bitcoin treasury company, acquiring Bitcoin through direct purchases and self-mining. The firm’s British Virgin Islands (BVI) domicile provides a favorable regulatory and tax environment, which the company aims to leverage as it expands its North American footprint [1].

This development highlights a growing trend in the institutional adoption of Bitcoin mining. Rather than treating Bitcoin as a speculative investment, more publicly listed firms are integrating it into core business operations and treasury strategies. For observers of the broader crypto landscape, London BTC’s expansion signals a shift toward more tangible infrastructure and operational scale within the Bitcoin ecosystem [1].

The milestone also reflects the increasing legitimacy of Bitcoin as a foundational asset in corporate finance. As mining operations scale and become more institutionalized, companies like London BTC are helping to bridge the gap between traditional capital markets and the digital asset space. This move away from hype and toward hardware underscores the maturation of the Bitcoin industry [1].

Source: [1] London Bitcoin Company Surpasses 1,000 Miners in North America (https://coinfomania.com/london-bitcoin-company-surpasses-1000-miners-in-north-america/)