REG - Vinanz Limited - First USA Made Bitcoin Miners Online in Indiana

VinanzAnnouncement

22/04/2025 11:45

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RNS Number : 6925F  Vinanz Limited  22 April 2025

22 April 2025

 

 

 

Vinanz Limited

("Vinanz" or "the Company")

(BTC:L in London and VINZF:US in the USA)

 

 First USA Made Bitcoin Miners Online in Indiana

 

London, New York, April 22, 2025, Vinanz Limited; the London Stock Exchange
Main Market Listed Bitcoin company with US and Canadian Bitcoin operations,
announces that its first USA made Bitcoin miners - manufactured and supplied
by California based Auradine Inc have now gone online in Indiana in the USA.

 

On 19 February 2025, the Company announced that it had placed an initial trial
order of 20 Auradine AT2880 (220TH and 17.5 J/TH efficiency) miners which will
be installed at our Indiana hosted facilities.

 

Megawatt, our host in Indiana, have advised that these miners are now
operational and are running as expected with an estimated operating Bitcoin
breakeven price of around $57,000 (based on our now reduced contracted 7 cents
per kWh electricity price).

 

With the US Government poised to apply tariffs on all US imports the Board
considered it appropriate to buy these high performance Auradine AT2880s.

 

Previous miners purchased by Vinanz for its US growth plans have all
originated from China with its fleets of various types of Bitmain, Whatsminer
and Canaan miners.

 

David Lenigas, Chairman of Vinanz, commented:

 

"Vinanz now has 140 units hashing in Indiana at Megawatt's hosting facilities,
including these new 20 Auradine miners and we have been advised last night
that all miners are now hashing a total of 16.78 PH/s for Vinanz. We are
excited to be buying our first USA made miners for Vinanz's expansion plans.
We will look at adding more of these USA made miners to our USA expansion
plans this year as they make sound commercial sense plus to show our support
for backing the US economy and our businesses there."

 

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

Vinanz's primary listing is in London (United Kingdom) on the London Stock
Exchange under the ticker "BTC.L" and trades in the USA on the US OTCQB under
the ticker "VINZF". Vinanz is building up a strategic Bitcoin holding aided by
building out its own Bitcoin mining operations in North America by installing
its miners within third-party unrelated computer hosting facilities in an
ever-expanding network throughout the USA and Canada. Currently, Vinanz
operates Bitcoin miners in Indiana, Iowa, Nebraska and Texas in the USA and in
Labrador (Canada).

This announcement contains information which, prior to its disclosure, was
inside information as stipulated under Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310 (as amended).

 

 

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