18 November 2024
Vinanz
Limited
Bitcoin Miners added to US
Fleet in Nebraska
London, New York, November 18, 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
it has just added another 21 bitcoin miners to its US fleet in
Nebraska through our hosting partner there
- Basic Mining (www.basicmining.com).
Nebraska is one of the four US
States where Vinanz has Bitcoin miners. Nebraska now has 56 Bitcoin
miners and are currently hashing 7.3 Petahash/s (PH/s) to Vinanz's
Bitcoin wallet.
The Company has purchased another
twenty Bitmain Antminer S19k Pro 120 TH machines and one S21 Pro
234 TH miners. These additional miners take our S19k Pro 120 TH
mining fleet to fifty and our S21 Pro 234 TH miners to six
machines.
The first of our next generation
Canaan Avalon A1566 188 TH Bitcoin miners from our Nebraska fleet,
as announced on 30 October 2024, are currently in US customs
awaiting import clearance and, when online in the coming weeks, are
to add another 1.8 PH/s to our wallet.
Our plans for Nebraska are to
continue adding to this Bitcoin machine fleet as the opportunities
present themselves.
Vinanz now operates Bitcoin miners
in the US States of Nebraska, Texas, Indiana and Iowa and Labrador
in north-east Canada.
David Lenigas, Vinanz's
Chairman, commented; "We feel that we are entering one of the most
exciting times ahead for Bitcoin miners, with the Bitcoin price now
exceeding US$90,000 last week. With the upward momentum of the BTC
price and expectations for what may happen to the Bitcoin markets
post the US elections, our Board believes it is important that
Vinanz keeps on continuously expanding and updating its Bitcoin
mining fleet in North America. Our hosting partner in Nebraska,
which gives us an excellent power price of 6.5 cents per kWh, had
21 operating miners immediately available for purchase and we took
the opportunity to buy these and immediately add another 7 Petahash
to our mining efforts. When our new A1566s eventually arrive in
Nebraska in the coming week, we hope to see that State giving us
over 9 PH of input to our US bitcoin mining
effort."
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
