30 October 2024
Vinanz
Limited
Vinanz Diversifies High Speed
Bitcoin Fleet in Nebraska
First Canaan Avalon A1566 188
TH Miners Added to North American Fleet
London, New York, October 30, 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 ordered the first non-Bitmain Antminer Bitcoin miners for
its North American fleet in a move to diversify its bitcoin miner
manufactures as the Company continues with its growth
plans.
The Company has ordered an initial
batch of ten Canaan Avalon A1566 188 TH Bitcoin miners from our
Nebraska hosting partner there Basic Mining
(www.basicmining.com)
where we already have thirty S19k Pro 120 TH miners and five S21
Pro 234 TH miners operating. These new A1566 188 TH miners have
only been released for sale globally this month and are due to
arrive in Nebraska within the next two weeks.
Avalon A1566 Miners are the next
generation 1xJ/T series product released by Canaan, with an
apparent hash rate of 188Th/s, and a target optimised energy
efficiency ratio of 18.5J/T, and a power consumption of only 3420W.
The A1566 is supposed to deliver a more reliable mining experience,
setting a new performance benchmark by improving power
efficiency.
Nebraska was the obvious choice to
install these new Avalon A1566 188 TH miners due to the power costs
of 6.5 cents per kilowatt hour we have secured there through Basic
Mining. The addition of these new A1566's in the coming weeks
should increase our hashing in Nebraska to a specified combined
6.65 PHs. We will update the market on the A1566's performance once
they are operational.
Vinanz operates Bitcoin miners in
Nebraska, Texas, Indiana and Iowa and Labrador in north-east
Canada.
David Lenigas, Vinanz's
Chairman, commented; "In a deliberate effort to keep with Vinanz's
business model of being a diversified miner in North America
operating our miners in multiple unrelated clusters in multiple US
and Canadian States using the latest and best performing miners
available on the market, we saw it important to not have all of our
miners sourced from Bitmain and the Canaan
Avalon
A1566 is a great cost and highly efficient new generation 188 TH
miner that allows us to actively adapt to the "post-halving" period
and further improve profitability and risk
resistance."
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