Vinanz Limited - Vinanz Bitcoin Nexus Opens in Indiana

19 June 2024

Vinanz Limited

Vinanz Bitcoin Nexus Opens in Indiana

London, New York, June 19, 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 will launch a new Bitcoin mining cluster (as part of the Vinanz Nexus Network) in the USA in the State of Indiana.

Vinanz has today collaborated with Indiana Bitcoin hosting specialists Megawatt (www.megawatthq.com) and has acquired an initial 20 Bitmain Antminer SJ19 Pro Bitcoin miners, from Megawatt's existing operational miners. This Bitcoin miner acquisition is the newest US State for Vinanz expanding its Bitcoin Nexus with a new Indiana cluster, as part of its North American diversification and decentralization expansion strategy. These miners are based in Megawatt's hosting center in Alexandria, Indiana.

These initial miners are already online and hashing an immediate 2.15 Petahash/second (PHs) to Vinanz's Luxor pool.

Megawatt is nearing completion of their newest hosting centre near Brownsburg in Indiana and Vinanz is planning on expanding its Indiana Bitcoin mining fleet into this new site as soon as it is operational.  Vinanz is looking to increase its Indiana cluster to 100 miners and ultimately increase its miners with Megawatt to around 300 units over time. Megawatt are hoping to have their new Brownsburg site operational in around 4 to 6 weeks.

David Lenigas, Vinanz's Chairman, commented; "The word "Nexus" means a connection of things that are part of a chain of causation and that is exactly what Indiana is for Vinanz - Indiana is the next important connection to Vinanz's network of decentralized clusters of Bitcoin miners in North America that all connect to our wallet. Our vision for growth is to expand the Vinanz Bitcoin Nexus network as fast as we can into as many US States as possible and in so doing we are always updating our Bitcoin fleet with up-to-date technology and reducing the inherent risks of having all our miners concentrated in one jurisdiction and/or location."

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 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. Whilst the Company will focus initially on BTC mining, it will also consider the mining of other cryptocurrencies, and operations in the DeFi and Big Data space in the future. The Company intends to be able to provide a listed UK platform to offer entry to the technology and cryptocurrency business.

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