Vinanz Limited - 100 Miners Added to Vinanz’s Canadian Fleet

20 August 2024

Vinanz Limited

100 Bitcoin Miners Added to Vinanz's Canadian Fleet

London, New York, August 20, 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, is pleased to announce that it has now added 100 Bitmain Antminer S19J Pro ASIC Bitcoin miners to its Canadian fleet at BlockLAB's facilities in Labrador.

These miners have, as of today added, another 9.8 Petahash (PH) to Vinanz's wallet and increases our Canadian Bitcoin mining fleet to 380 miners.

Our power consumption at BlockLABs has increased to around 1.1 Megawatts and drops our overall power price down to Canadian $0.075 (US$0.055) per kWhr.

Vinanz has Bitcoin operations in Nebraska, Indiana and Iowa in the USA and in Labrador in north-east Canada.

David Lenigas, Vinanz's Chairman, commented; "This is a big step-up for our Canadian mining fleet. It also kicks us to over 1 megawatt of power and moves as into a lower power cost band with our host and drops our electricity price to a very competitive US 5.5 cents per kWhr."

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 Texas, Indiana, Iowa and Nebraska in the USA and in Labrador (Canada). 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