11 June 2024
Vinanz
Limited
Vinanz Expands Iowa Bitcoin
Mining Activities
London, New York, 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 the first of its
Iowa based SJ19J Pro+ (120TH) are now hashing and running at a
combined hashrate 2 Petahash/sec ("PH/s"). We anticipate that these
initial 20 units will gear up to around 2.5 PH/s in the coming week
when all miners are live.
The Company now plans to build out
the numbers of bitcoin miners in this Iowa bitcoin mining cluster
at Mining Store's (www.miningstore.com)
facilities in central Iowa and has ordered from Luxor Technology 40
more SJ19 Pro+ miners. The miners are expected to be on-site in
Iowa in the coming weeks. When connected our Iowa bitcoin cluster
hashrate is expected to increase to around 7.2
Petahash/second.
David Lenigas, Vinanz's
Chairman, commented;
"The team at Mining Store
have done a great job receiving, installing and connecting the
first batch of our S19's for Iowa install. In a few weeks, we will
have built the Iowa bitcoin cluster from nothing to 60 machines
hashing at over 7 Petahash/sec. Vinanz's business model is to roll
out decentralized clusters of bitcoin miners throughout North
America in third-party hosting centers. Iowa is the next phase of
rolling out this business expansion model. Diversification and
decentralistion is the cornerstone defence strategy in de-risking
our hardware rollout."
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 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. Whilst the Company will focus
initially on BTC mining, it will also consider the mining of other
cryptocurrencies, and operations in the DeFi and Big Data space in
the future. The Company intends to be able to provide a listed UK
platform to offer entry to the technology and cryptocurrency
business.
The directors of Vinanz Limited
accept responsibility for this announcement.
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). Upon the publication
of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public
domain.
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