The London Bitcoin Company has officially surpassed its critical threshold on its mining journey. As of July 31, the company currently operates more than 1,000 active Bitcoin miners on several North American sites.
The company made an announcement Thursday, calling the update a “major operational milestone.” The new minor count includes recent deployments of 385 ASIC machines at its Indiana facility. The site currently holds 525 miners. This is the biggest site ever.
Other businesses spread across Nebraska, Iowa, Texas, USA, and Goose Bay in Labrador, Canada. The total fleet is currently running at 94% uptime and offers 100 seconds of hash power per second.
Mining is not just a business, it’s a strategy
In the case of London BTC, expanding the mining fleet will not only increase production. This is part of a broader Bitcoin-centric strategy that defines the company’s operating model.
“Beyond the 1,000 miner mark is a major operational milestone for us,” CEO Hewie Rattray said. “Bitcoin mining is not just about production, but about Bitcoin building a religious cost base and gaining native yields at the Ministry of Finance.”
Rattray added that mining will help perfectly align with the long-term design of the Bitcoin network. The company does not hold debt, maintains the Treasury with a substantial amount of Bitcoin, and places itself in order to benefit from future market cycles.
Personally, it’s offensive and publicly available
London BTC is listed on the London Stock Exchange under Ticker BTC.L and trades as VINZF on the US OTCQB. It holds and acquires Bitcoin through direct acquisitions and self-employed businesses, and describes itself as a Bitcoin finance company.
The company’s structure, including its residences in the Virgin Islands (BVI), provides a favorable regulatory and tax framework. This is another advantage that we would like to utilize to expand our operations in North America.
What does this mean for the market?
London BTC’s milestones show that institutional Bitcoin mining has gained traction beyond startups and mining companies. The publicly available companies now treat Bitcoin not only as an investment, but as a basic asset for operational and financial management.
For investors looking at the broader crypto landscape, this extension adds another signal: Bitcoin continues to move deeper into corporate infrastructure, this time it’s not hype, it’s hardware.