REG - Vinanz Limited - 100 Bitcoin Miners Added in Indiana

VinanzAnnouncement

25/02/2025 07:00

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RNS Number : 2464Y  Vinanz Limited  25 February 2025

25 February 2025

 

THIS ANNOUNCEMENT IS MADE FOR INFORMATION PURPOSES ONLY AND DOES NOT
CONSTITUTE AN OFFER TO SELL OR ISSUE OR SOLICITATION TO BUY, SUBSCRIBE FOR OR
OTHERWISE ACQUIRE SHARES IN VINANZ LIMITED IN ANY JURISDICTION IN WHICH ANY
SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.

 

 

 

Vinanz Limited

("Vinanz" or "the Company")

(BTC:LN in London and VINZF:US)

 

 Bitcoin Miner Expansion for Vinanz in Indiana USA

 

London, New York, February 25, 2025, Vinanz Limited, the London Stock Exchange
listed Bitcoin mining company with Bitcoin miners operating in the USA
(Indiana, Nebraska, Iowa and Texas) and Canadian (Labrador), announces that it
has today fast tracked its expansion plans (as announced last week) for
Indiana USA and immediately increased its Bitcoin mining fleet there from 20
to 120 operational miners, which is 2-3 months ahead of schedule, by acquiring
100 already hashing Bitmain Antminer S19J Pro miners.

 

This resultant effect of the increased number of miners sees an immediate
reduction in our power costs across all our miners hosted by Megawatt
(www.megawatthq.com (http://www.megawatthq.com) ) in Indiana from US$0.08 to
US$0.07 per kWh.

 

The total number of miners installed in Indiana will increase further in the
coming weeks when the first 20 "Made in America" Auradine AT2880 (220 TH)
miners arrive, as announced on 19 February 2025.

 

Vinanz is expected to have a hashing capacity of around 16.4 Petahash (PH/s)
once the Auradine AT2880s are installed and operational at its Indiana
location in the coming weeks.

 

Vinanz is planning further expansions in Indiana with Megawatt later this year
as situations allow and also expand further into our existing third-party
hosting partners based in Iowa, Nebraska, Texas and Canada.

 

David Lenigas, Chairman of Vinanz, commented:

 

"Our Indiana host Megawatt advised us last week that they had 100 SJ19 Pro
miners available for us that were already installed and hashing and we took
the opportunity to accelerate our plans to increase our mining fleet there
which, most importantly, helps us lower power costs across our entire fleet in
Indiana. We are bullish on the Bitcoin price this year and our mission is to
expand our fleet as much as possible in the USA as and when opportunities
arise."

 

The directors of Vinanz Limited accept responsibility for this announcement.

 

For further information please contact:

 

Vinanz Limited

David Lenigas
david@vinanz.co.uk (mailto:david@vinanz.co.uk)

Jeremy
Edelman
jeremy@vinanz.co.uk (mailto:jeremy@vinanz.co.uk)

 

First Sentinel (Corporate Adviser)

Brian Stockbridge
brian@first-sentinel.com (mailto:brian@first-sentinel.com)

 
+44 (0) 20 3855 5551

 

Clear Capital Markets (Broker)

Bob Roberts
 
bobroberts@clear-cm.co.uk (mailto:bobroberts@clear-cm.co.uk)

 
+44 (0) 20 3869 6080

About Vinanz Limited

 

Vinanz's primary listing is in London (United Kingdom) on the London Stock
Exchange under the ticker "BTC" and trades in the USA on the US OTCQB under
the ticker "VINZF". Vinanz is building up a strategic Bitcoin holding by
building a Bitcoin mining company installing miners within hosting facilities
throughout the USA and Canada through third-party cryptocurrency mining
providers. Currently, Vinanz operates Bitcoin miners in Indiana, Iowa,
Nebraska and Texas in the USA and in Labrador (Canada).

 

 

 

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