IN BRIEF: Vinanz swings to interim profit during ‘exciting’ period

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Vinanz Ltd - British Virgin Islands-registered Bitcoin mining company - Posts a pretax profit of £4.8 million in the six months ended February 28, swinging from a loss of £33.0 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

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