15 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")
Expansion Plans for Nebraska
and Texas Bitcoin Mining Fleet
London, New York, January 15, 2025, Vinanz
Limited (LSE: BTC in London and US
OTCQB: VINZF), the London Stock Exchange
listed Bitcoin mining company with US and Canadian Bitcoin mining
operations, is pleased to announce it has
signed a purchase order to increase its Nebraska US Bitcoin mining
fleet to 100 miners and its plans to expand in Texas.
Following the Company's successful
listing of its shares on the London Stock Exchange ("LSE") on
Monday the 13 January 2025, Vinanz continues its push ahead with
expanding its Bitcoin mining operations in the USA and Canada,
where it currently has clusters of Bitcoin
miners operating in third-party hosting facilities in Nebraska,
Indiana, Iowa in the USA and in Labrador (Canada).
Vinanz has ordered another 34
Antimer S19k Pro (120 TH) Bitcoin miners from our Nebraska hosting
partner Basic Mining that are already on-line, which will take the
total combined Nebraska fleet to 100 miners. Basic Mining advised
that, under the terms of their hosting agreement (which includes
power costs) and at a Bitcoin price of $94,987, the operating
margins on these S19K's are 30.9%. The Company plans to
continue to expand its fleet in Nebraska as the opportunities
arise.
With respect to Texas, Vinanz has
also agreed with Basic Mining to initiate orders to trial the new
high spec and highly efficient 390 TH Whatsminer M63s Hydro miners
at their hosting facility in Victoria in southern Texas. These new
miners are the latest in Bitcoin mining technology with power
consumption of 7.2 kilowatts and efficiencies of 18.5 joules/TH and
under their hosting contract terms, the operating margins on these
miners, when installed and hashing, are 43.3% at BTC price of
$94,994.
David Lenigas, Chairman of Vinanz,
commented:
"Now that we have completed the
prospectus to admit to the LSE and we have migrated the Company's
prime listing to the LSE on Monday, we can crack on again with our
plans to grow our Bitcoin mining fleet. We know from our expansion
of our mining fleets in North America in the past 20 months that
our growth model is highly scalable and can be done organically
with revenues generated from mining operations and can be
accelerated even further with injections of fresh capital into the
Company. These new orders for miners for Nebraska and Texas kick
off our 2025 expansion program. We are particularly excited to be
ushering in these new 390 TH Whatsminer Hydro miners (water cooled)
as these are cutting edge, fast and highly efficient and we always
aim as a Company to roll-out the latest technology as we expand our
network of miners."
"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 through
2025 and are very optimistic that the incoming US Administration
could prove to be pivotal for the overall acceptability of Bitcoin
as a recognised investment asset."
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).