Gold prices steady, holding sharp gains in wake of soft U.S. jobs data
LONDON - Vinanz Limited, a Bitcoin company listed on the London Stock Exchange (LON:LSEG) and trading under the ticker BTC:L in London and VINZF:US in the USA, has announced that its first batch of US-manufactured Bitcoin miners are now online in Indiana. The miners, produced by California-based Auradine Inc., represent a strategic move for the company as it expands its operations within the United States.
The initial trial order, placed on February 19, 2025, consisted of 20 Auradine AT2880 miners, known for their efficiency of 220 terahashes per second (TH/s) and 17.5 joules per terahash (J/TH). These units have been installed at the Indiana hosting facilities operated by Megawatt, which confirmed that the miners are functioning as expected with an estimated operating Bitcoin breakeven price of approximately $57,000. This calculation is based on the reduced electricity cost of 7 cents per kilowatt-hour contracted by Vinanz.
This development comes as the US Government contemplates imposing tariffs on all US imports, prompting Vinanz to invest in the domestically produced Auradine AT2880s. Previously, Vinanz had sourced its mining equipment from China, including various models from Bitmain, Whatsminer, and Canaan.
David Lenigas, Chairman of Vinanz, expressed his enthusiasm for the company’s latest acquisition, stating, "Vinanz now has 140 units hashing in Indiana at Megawatt’s hosting facilities, including these new 20 Auradine miners, and we have been advised last night that all miners are now hashing a total of 16.78 PH/s for Vinanz. We are excited to be buying our first USA made miners for Vinanz’s expansion plans. We will look at adding more of these USA made miners to our USA expansion plans this year as they make sound commercial sense plus to show our support for backing the US economy and our businesses there."
The directors of Vinanz Limited have taken responsibility for this announcement, which is based on a press release statement. The company’s decision to purchase American-made miners is a significant step in diversifying its supply chain and supporting the US economy amid potential new trade policies.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.