REG - Vinanz Limited - New Bitcoin Miners Added in Nebraska

VinanzAnnouncement

30/01/2025 09:15

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RNS Number : 2841V  Vinanz Limited  30 January 2025

30 January 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")

(LSE: BTC in London and US OTCQB: VINZF)

 

 New Bitcoin Miners for Nebraska Ops and US Government Crypto Changes

 

London, New York, January 30, 2025, Vinanz Limited; the London Stock Exchange
Main Board listed Bitcoin mining company with US and Canadian Bitcoin mining
operations, is pleased to announce it has acquired its first Whatsminer M50S++
Bitcoin miners for its Nebraska Bitcoin mining fleet, increasing its overall
inventory with Basic Mining to 120 miners with plans to add more miners there
in the coming months.

 

Vinanz has just added 20 new Whatsminer M50S++ miners to Nebraska and at 158
TH/s each, adding a name-plated 3.16 PH/s hashing to our wallet.

 

Basic Mining, our host in Nebraska has advised us that these miners at 158
TH/s, operating at 22 J/T efficiency, have a breakeven price of $62,480 per
Bitcoin and a breakeven hash price of $33.85/PH. Also, at a Bitcoin price of
$102,881, the operating margin is estimated at 39%. Our power price in
Nebraska is US$0.065 and these miners will consume an additional 69.52 KW of
electricity.

 

Vinanz continues its push ahead with expanding its Bitcoin mining operations
in the USA and Canada, since its recent London Stock Exchange Main Market
listing, where it currently has a fleet of Bitcoin miners operating in
third-party hosting facilities in Nebraska, Indiana, Iowa in the USA and in
Labrador (Canada).

 

Vinanz plans to expand its USA and Canadian footprint of Bitcoin miner
networks into new States in the US and with new hosting groups throughout
2025, as opportunities arise.

 

There were also a number of Presidential Executive Orders announced by
President Trump last week that are seen to be potentially beneficial for
Vinanz with respect to its Bitcoin holding and its Bitcoin mining operations
in the USA.

 

On January 23, 2025, President Trump signed an Executive Order (EO) titled
"Strengthening American Leadership in Digital Financial Technology." The order
aims to establish the United States as a global leader in blockchain
innovation while reducing regulatory uncertainty for the crypto industry.

 

Also, on January 23, 2025, the US SEC repealed SAB 121, removing the
requirement and opening the door for traditional financial institutions to act
as custodians of digital assets without the added balance sheet complexity and
cost. Banks and financial institutions are now able to provide custody
services for crypto assets. The repeal reduces concentration risk and fosters
easier crypto adoption in the U.S.

 

David Lenigas, Chairman of Vinanz, commented:

 

"The political acceptability landscape for Bitcoin in the USA has changed with
the positive Executive Orders announced by President Trump last week. The 23
January crypto executive order marks a real sea change in US digital asset
policy. By taking a whole-of-government approach to crypto, the US
Administration is making a significant first step toward writing clear,
consistent rules of the road and enhancing the road ahead for Bitcoin
participants like Vinanz. I'm hopeful that these US Government initiatives
will spread beyond the US boundaries and Bitcoin becomes more mainstream as a
globally acceptable digital current and asset class."

 

"Rolling out Vinanz's Bitcoin mining fleet, post our recent move to the LSE,
is a priority for us and I'm pleased to announce another expansion to our
Nebraskan miner fleet. Keeping in line with diversification of miner types and
locations, we have added these Whatsminer M50S++ miners into our fleet. At a
Bitcoin breakeven price of around $62,480, these were chosen to meet the needs
to stay up to date with new technology that can last up to and through the
next halving which is expected to be in about 3 years' time. We aim to always
add miners to the fleet that operate significantly below the Bitcoin breakeven
price with the view that a continued rising Bitcoin price environment leads to
highly attractive operating margins in the future.

 

Vinanz is still working with Basic Mining on timing for the possible
deployment of the 390 TH Whatsminer M63 Hydro miners as we announced on the 15
January 2025, and we will update the market when further news is available."

 

"Vinanz's prime mission is to build a substantial Bitcoin holding through
building up and continuously modernising its North American Bitcoin mining
fleet for a future where we anticipate seeing a Bitcoin price far in excess of
what we see today. We look forward to updating shareholders as we expand our
miner network through 2025."

 

The directors of Vinanz Limited accept responsibility for this announcement.

 

For further information please contact:

 

Vinanz Limited

David
Lenigas
david@vinanz.co.uk

Jeremy
Edelman
jeremy@vinanz.co.uk

 

First Sentinel (Corporate Adviser)

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

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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