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Vinanz Limited
(LSE:BTC)
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Rating:47Neutral
Price Target:
2.00 p
▲(2.56% Upside)
Action:Reiterated
Date:09/22/26
The score is held back primarily by weak financial performance—ongoing large losses and sustained cash burn outweigh revenue growth and an improved, debt-free balance sheet. Technicals provide some support with the price trading above key moving averages, but momentum is mixed. Valuation remains pressured due to losses reflected in the negative P/E and lack of dividend yield data.
Positive Factors
Sharp revenue expansion
The sharp increase in revenue indicates that the company expanded its activity materially over the latest annual period. If this growth persists, a larger operating base could improve fixed-cost absorption and support progress toward a more scalable business model, although profitability is not yet established.
Negative Factors
Persistent cash burn
Persistent negative operating and free cash flow indicates that the business is not currently funding its activities through internally generated cash. Ongoing cash burn can constrain investment capacity, increase reliance on external financing, and weaken financial resilience over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Sharp revenue expansion
The sharp increase in revenue indicates that the company expanded its activity materially over the latest annual period. If this growth persists, a larger operating base could improve fixed-cost absorption and support progress toward a more scalable business model, although profitability is not yet established.
Read all positive factors
Vinanz Limited (BTC) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£7.14M
Dividend YieldN/A
Average Volume (3M)2.41M
Price to Earnings (P/E)―
Beta (1Y)-0.30
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees1
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)-0.03
Shares Outstanding436,756,840
10 Day Avg. Volume2,820,871
30 Day Avg. Volume2,407,265
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)1.95
Price to Sales (P/S)6.45
P/FCF Ratio-0.88
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Vinanz Limited Business Overview & Revenue Model
Company Description
London BTC Company Limited is primarily involved in bitcoin mining and other cryptocurrency activities throughout the United States and Canada. The firm, which was founded in 2021, previously traded as Vinanz Limited before rebranding to its curre...
How the Company Makes Money
Vinanz Limited’s potential revenue and value generation primarily come from exposure to Bitcoin. Key ways the company can make money include: (1) appreciation in the value of Bitcoin it holds: if the market price of Bitcoin rises, the company can ...
Vinanz Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
14
Very Negative
| Breakdown | TTM | Feb 2026 | Feb 2025 | Aug 2023 | Aug 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.24M | 1.17M | 638.32K | 41.00K | 0.00 |
| Gross Profit | -147.76K | -320.37K | 189.69K | -39.00K | 0.00 |
| EBITDA | -6.63M | -4.71M | -10.40M | -2.48M | -38.00K |
| Net Income | -9.70M | -6.47M | -10.40M | -2.51M | -38.00K |
Balance Sheet | |||||
| Total Assets | 4.27M | 4.27M | 2.05M | 647.00K | 20.00K |
| Cash, Cash Equivalents and Short-Term Investments | 35.84K | 35.84K | 855.48K | 156.00K | 0.00 |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 23.00K |
| Total Liabilities | 392.12K | 392.12K | 240.29K | 75.00K | 58.00K |
| Stockholders Equity | 3.87M | 3.87M | 1.81M | 572.00K | -38.00K |
Cash Flow | |||||
| Free Cash Flow | -3.13M | -8.56M | -1.27M | -2.68M | -23.00K |
| Operating Cash Flow | -2.96M | -1.97M | -1.52M | -2.56M | -23.00K |
| Investing Cash Flow | -8.89M | -5.93M | -303.08K | -113.00K | 0.00 |
| Financing Cash Flow | 10.62M | 7.08M | 2.52M | 2.83M | 23.00K |
Vinanz Limited Technical Analysis
Neutral
1.95
Price Trends
1.79
Positive
1.78
Positive
2.10
Negative
Market Momentum
>-0.01
Positive
49.40
Neutral
31.25
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BTC, the sentiment is Neutral. The current price of 1.95 is above the 20-day moving average (MA) of 1.90, above the 50-day MA of 1.79, and below the 200-day MA of 2.10, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 49.40 is Neutral, neither overbought nor oversold. The STOCH value of 31.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:BTC.
Vinanz Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
86 Outperform | £7.98M | 25.96 | 2.71% | 1.67% | ― | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | £3.80M | 0.99 | 66.17% | 17.65% | ― | ― | |
47 Neutral | £7.14M | -0.69 | -192.45% | ― | ― | ― | |
46 Neutral | £10.58M | -1.24 | -24.21% | 4.17% | -28.99% | -227.63% | |
44 Neutral | £12.22M | -5.65 | -33.83% | ― | -236.17% | -137.50% |
* Financial Sector Average
GB:BTC
Vinanz Limited
1.85
-3.15
-63.00%
GB:FKE
Fiske plc
67.50
6.06
9.87%
GB:JIM
Jarvis Securities
8.50
-14.50
-63.04%
GB:MAC
Marechale Capital
4.75
3.15
196.87%
GB:TAVI
Tavistock Investments
2.40
-2.14
-47.14%
Vinanz Limited Corporate Events
Business Operations and Strategy
London BTC Extends Mineralised Strike at Nevada Teep Gold-Silver Project
Positive
Sep 21, 2026
London BTC Company Limited, better known for its Bitcoin treasury and mining activities, is expanding its presence in hard assets through the Teep Gold-Silver Project in Nevada’s Walker Lane Trend. The project consists of 106 unpatented mine...
Business Operations and Strategy
London BTC Mobilises U.S. Teams for Gold and Critical Minerals Push
Positive
Sep 2, 2026
London BTC Company Limited, listed in London and on the OTCQB, operates Bitcoin mining across multiple U.S. states and Canada while building a portfolio of gold and critical mineral assets in Nevada and other Tier 1 jurisdictions. The company̵...
Business Operations and StrategyShareholder Meetings
London BTC Shareholders Approve All AGM Resolutions as Dual Bitcoin–Gold Strategy Advances
Positive
Aug 28, 2026
London BTC Company Limited, listed on the London Stock Exchange under BTC.L and trading on the OTCQB as VINZF, is developing a dual-asset strategy centred on bitcoin and U.S. gold assets. The company combines treasury bitcoin accumulation with Nor...
Business Operations and Strategy
London BTC Steps Up U.S. Gold and Critical Minerals Push
Positive
Aug 24, 2026
London BTC Company Limited is expanding beyond its core Bitcoin treasury and mining operations into U.S. gold, silver and critical minerals, leveraging projects in Nevada alongside a staking-led pipeline in Nevada, Arizona and Texas. By targeting ...
Business Operations and Strategy
London BTC targets critical antimony alongside high-grade gold at Nevada’s Black Star project
Positive
Aug 14, 2026
London BTC Company has identified historical high-grade antimony mineralisation just 120 metres south of its Black Star gold-silver project in Pershing County, Nevada, within the same structural corridor that recently returned rock chip grades of ...
Regulatory Filings and Compliance
London BTC Company Flags Reduced Stakes for Major Shareholders
Neutral
Aug 11, 2026
London BTC Company Limited has reported changes in significant shareholdings, detailing updated voting-rights positions for key investors. The non‑UK bitcoin-focused issuer disclosed that individual shareholders hold substantial but reduced ...
Business Operations and StrategyShareholder Meetings
London BTC Company Sets Date for 2026 AGM as Dual Bitcoin-Gold Strategy Advances
Positive
Aug 10, 2026
London BTC Company Limited has distributed its notice of the 2026 Annual General Meeting to shareholders, with the meeting scheduled for 10:00 a.m. on 28 August 2026 at the offices of Hill Dickinson LLP in London. The AGM notice is also accessible...
Business Operations and Strategy
London BTC Posts Exceptional Nevada Gold Grades and Accelerates U.S. Exploration
Positive
Aug 5, 2026
London BTC Company Limited has reported new rock chip assays from its Amonett-Frank gold-silver project in Nevada, including a standout grade of 143.1 g/t gold, the highest returned to date across its U.S. portfolio. The project sits close to the ...
Business Operations and StrategyRegulatory Filings and Compliance
London BTC completes EBT share distribution, boosting executive stakes
Positive
Jul 20, 2026
London BTC Company Limited has completed the previously announced distribution of shares from its employee benefit trust to key directors and officers, with the trust now holding no shares in the company. The shares were transferred at nil conside...
Business Operations and Strategy
London BTC Company Stakes High-Grade Black Star Gold-Silver Project in Nevada
Positive
Jul 15, 2026
London BTC Company Limited has expanded its Nevada gold portfolio by staking 36 unpatented mineral claims at the Black Star Gold-Silver Project in Pershing County, northern Nevada, adding a fourth U.S. gold asset to its mining strategy. The projec...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.