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LONDON - Vinanz Limited, a Bitcoin mining company listed on the London Stock Exchange (LON:LSEG) and the US OTCQB, has announced the acquisition of new Whatsminer M50S++ Bitcoin miners for its Nebraska operations. The addition of 20 new miners, each with a hash rate of 158 TH/s, increases the company’s total mining capacity by 3.16 PH/s.
The company’s host in Nebraska, Basic Mining, has indicated that these new miners operate at an efficiency of 22 J/T, with a breakeven price of $62,480 per Bitcoin and a hash price breakeven of $33.85/PH. At the current Bitcoin price of $102,881, the estimated operating margin stands at 39%. The added equipment will consume an additional 69.52 KW of electricity at a cost of $0.065 per kWh.
Vinanz’s expansion comes on the heels of favorable regulatory changes in the U.S. Last week, President Trump signed an Executive Order aimed at bolstering the country’s position in blockchain innovation and reducing regulatory uncertainty for the crypto industry. Furthermore, the U.S. SEC repealed SAB 121, allowing traditional financial institutions to offer custody services for crypto assets.
David Lenigas, Chairman of Vinanz, expressed optimism about the improved political climate for Bitcoin in the U.S. and its implications for the company. He highlighted the importance of staying ahead of technological advancements and selecting equipment that can operate below the Bitcoin breakeven price to ensure attractive future margins.
Vinanz continues to work with Basic Mining on the potential deployment of the Whatsminer M63 Hydro miners, as previously announced on January 15, 2025. The company’s strategy is to grow its Bitcoin holdings by upgrading and expanding its North American Bitcoin mining fleet.
This expansion is part of Vinanz’s broader plan to increase its footprint in the U.S. and Canada throughout 2025, as opportunities present themselves. The company looks forward to keeping shareholders informed as it extends its miner network over the course of the year. The information in this article is based on a press release statement.
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