31 July 2024
Vinanz
Limited
Vinanz to Double Bitcoin
Miners in Nebraska
London, New York, July 31, 2024, Vinanz Limited
(US OTCQB: VINZF and AQSE: BTC in London)
("Vinanz" or "the Company"), the publicly listed
Bitcoin mining company with US and Canadian Bitcoin mining
operations, announces that following on
from launching a new Bitcoin mining beachhead cluster in Superior,
Nebraska, USA, it has signed expansion agreements with
hosting specialists Basic Mining
(www.basicmining.com)
to double its fleet of Bitmain Antminer S19k Pro 120 Terahash
(TH/s) miners to twenty miners.
Once these miners are hashing to our
account, the Company will make a new announcement saying so and
report the combined PH/s for Nebraska's inputs into Vinanz's Luxor
pool. The Company has plans to ultimately increase the Nebraska
cluster to around 300 miners, just like we have done in
Labrador.
Nebraska is the latest US State for
Vinanz's roll-out of its expanding bitcoin mining fleet, joining
recently announced moves into Indiana and Iowa and joins our
growing Bitcoin miner fleet in Labrador in north-east
Canada.
David Lenigas, Vinanz's
Chairman, commented; "Our initial push into Nebraska has worked
well and the initial launch of our maiden miners into Basic
Mining's facilities gives us confidence to increase our miners with
them to the next level. These existing miners are operating
seamlessly at their nameplate rate of 120 TH/s each and because
power prices are competitive at 6.5c per kilowatt hour, we have
decided to expand our fleet in Nebraska. The Company is bullish on
the future of Bitcoin, and it being recognised as an alternative
cross-border alternative currency and asset class. So, further
expansion in the USA and Canada of our Vinanz Bitcoin Mining Nexus
is our goal."
About Vinanz Limited
Vinanz's primary listing is in
London (United Kingdom) on the Aquis Exchange under the ticker BTC
and trades in the USA on the US OTCQB under the ticker VINZF.
Vinanz is a British Virgin Island (BVI) domiciled company that is
building 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. Currently, Vinanz operates Bitcoin
miners in Labrador (Canada) and Indiana, Iowa and Nebraska in the
USA. Whilst the Company will focus initially on BTC mining, it will
also consider the mining of other cryptocurrencies, and operations
in the DeFi, AI and Big Data space in the future.
The directors of Vinanz Limited
accept responsibility for this announcement.
CONTACTS:
For further information please
contact:
Vinanz Limited
David
Lenigas
david@vinanz.co.uk
Jeremy
Edelman
jeremy@vinanz.co.uk
First Sentinel (Corporate Adviser and
Broker)
Brian
Stockbridge
brian@first-sentinel.com
+44 (0) 20 3855 5551
Clear Capital Markets (Broker)
Bob
Roberts
bobroberts@clear-cm.co.uk
+44 (0) 20 3869 6080