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The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: ---------- London BTC Co Ltd - bitcoin miner with operations in the US and Canada - Provides a strategic update covering expansion plans for its bitcoin mining operations, US capital markets planning, and industry engagement. The company is conducting an in-depth review with the aim of growing its mining fleet by around 30% in early 2026 with a move that aims to increase the fleet to around 1,500 ASIC bitcoin miners. Highlights its ‘robust balance sheet with no debt’ and plans to fund this expansion from current reserves. Further, continues work relating to a potential dual listing on Nasdaq, including preliminary prospectus preparations, legal structuring, and adviser engagement. Expects that a formal decision will be taken in early 2026. In parallel with its mining expansion plans, the company is assessing the real possibility of numerous additional revenue verticals for 2026 that will be designed to utilise its bitcoin holdings. These may include opportunities to deploy a portion of the company’s bitcoin treasury into secure, regulated revenue-generating activities, as well as exploring ancillary services that complement the company’s core mining and treasury strategy. ---------- Wilmington PLC - Birmingham, England-based data, information, education and training for governance, risk and compliance markets - Completes the acquisition of RegTech software business Professional Group Conversia SLU. The €121.6 million acquisition was announced in August. ---------- Time To ACT PLC - Stockton-On-Tees, England-based company focused on engineering technology for energy transition supply chain - Subsidiary GreenSpur Wind Ltd enters a design services contract with Severn Estuary Tidal Bar Ltd, a company developing next-generation Very Low Head tidal turbine systems. Under this initial contract, GreenSpur will undertake a feasibility and design study assessing the application of GreenSpur’s axial-flux generator technology for use as a submerged ‘wet’ generator within SETB’s VLH turbine concept. The feasibility and design study is expected to be completed during January 2026, aligning with SETB’s development programme. ---------- RC Fornax PLC - Almondsbury, Bristol-based firm which provides engineering services to the UK defence industry - Several company directors subscribe for 2.3 million shares at 6 pence each. Chief Executive Paul Reeves now holds just over 24% stake. ---------- OPG Power Ventures PLC - developer and operator of power plants in India - Subsidiary OPG Power Generation Pvt Ltd receives approval by Tamil Nadu Electricity Regulatory Commission and executes a power purchase agreement with Tamil Nadu Power Distribution Corp Ltd for the supply of 160 megawatts of electricity to TNPDCL for a contracted term of 5 years. The electricity supply is expected to commence from February 2026. ---------- Ondo InsurTech PLC - London-based claim prevention technology company - Receives additional interest to participate in the previously announced placing, with additional participation from certain directors. As such, increases the size of the placing to accommodate this interest. As a result, Ondo raises £2.30 million via the placing of 6.2 million shares to institutional and other investors and a further 3.0 million shares by way of the subscription. ---------- PureTech Health PLC - Boston, Massachusetts-based biotech and pharmaceutical firm - PureTech’s founded entity Gallop Oncology announces positive initial topline data from phase 1b trial of LYT-200 in relapsed/refractory acute myeloid leukemia and high-risk myelodysplastic syndrome. LYT-200 demonstrates favourable tolerability and strong efficacy in a heavily pretreated population, both in combination with standard of care and as a monotherapy, supporting advancement toward a potentially registrational phase 2 trial. Initial median overall survival of 13.2 months is observed in the combination cohort at the proposed phase 2 dose, exceeding expected late-line relapsed/refractory setting survival of more than 2.5 months; overall survival data at this dose continue to mature with final results expected in the first half of 2026. ---------- TechFinancials Inc - investment entity - Further to November’s announcement, TechFinancials says it has still not received the £250,000 proceeds from the placing announced in September. The placing was underwritten by Gathoni Muchai Investments Ltd, a Kenyan-based investment banking and corporate finance group. The company confirms that it is in discussions with GMI, about transferring the funds, for which the available balance of £250,000 has been confirmed. ‘There appears to be logistical issues of transferring from GMI’s Kenyan bank account to the company’s bank account and the parties are seeking alternative transfer arrangements for the payment to be made,’ company says. ---------- Copyright 2025 Alliance News Ltd. All Rights Reserved.
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