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
