31st May 2023 20:43
Vinanz Ltd - British Virgin Islands-registered Bitcoin mining company - Posts a pretax profit of GBP4.8 million in the six months ended February 28, swinging from a loss of GBP33.0 million in the six months ended August 31. Says it has been an "exciting" period for the company. Aims to eventually build out a fully-fledged Bitcoin mining company initially focusing on installing clusters of Bitcoin miners within multiple facilities throughout the US and Canada through third-party cryptocurrency mining providers.
Chair David Lenigas says: "It's fabulous to have finally navigated the listing process of Vinanz onto the Aquis Stock Exchange and start trading. Our goal is to ultimately build out a profitable business by deploying decentralised clusters of Bitcoin miners in the USA and Canada. "
Current stock price: 3.0p
By Heather Rydings, Alliance News senior economics reporter
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