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Author: Admin | 2025-04-28
Hill Dickinson advises Bitcoin mining company Vinanz on admission to LSE Main MarketLaw firm Hill Dickinson has advised UK Bitcoin mining company Vinanz plc on an initial public offering (IPO) and entry to the London Stock Exchange Main Market.The successful listing marks the LSE’s second IPO of 2025.Vinanz listed on 13 January 2025 with a market capitalisation of approximately £40 million. It plans to use the leverage now available to it by being listed on one of the world’s premium stock exchanges to accelerate its Bitcoin expansion strategy.Advising Vinanz on the IPO and admission was a team from Hill Dickinson’s Corporate-Commercial practice led by partners Michael Bennett and Francois de Lange together with senior associate Amy Grosvenor.Commenting on the deal, Francois de Lange said: “The decision to list on the Main Market is always a huge step for a growing business, but it comes at exactly the right time for Vinanz and we wish Vinanz every success as it continues to grow its business.” Vinanz, which originally listed in London on the Aquis Exchange in 2023, has enjoyed a successful 20 months. The company’s move to the LSE will now provide it with access to a much larger investor pool and help accelerate growth plans for its Bitcoin mining business.David Lenigas, chairman of Vinanz, commented: “Our prime mission is to build a substantial Bitcoin holding and continue to aggressively build out our North American Bitcoin mining fleet for a future where we anticipate seeing a Bitcoin price far in excess of what we see today. As we grow, we aim to keep expanding and upgrading our computer network into multiple US and Canadian States and to stay as diversified as possible by deploying our growing mining computer inventory through multiple third-party hosting providers.“The Bitcoin markets are growing fast, with Bitcoin digital currency now becoming more acceptable as a real alternative investment category compared to and alongside conventional fiat currencies. The future for Bitcoin looks robust and Vinanz is pleased to be part of this digital currency revolution.”The value of Bitcoin globally has risen to around US$2 trillion currently, and its
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