25 February 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")
(BTC:LN in London
and VINZF:US)
Bitcoin Miner Expansion for
Vinanz in Indiana USA
London, New
York, February 25, 2025, Vinanz Limited, the London Stock Exchange listed Bitcoin mining company with
Bitcoin miners operating in the USA (Indiana, Nebraska, Iowa and
Texas) and Canadian (Labrador), announces
that it has today fast tracked its expansion plans (as announced
last week) for Indiana USA and immediately increased its Bitcoin
mining fleet there from 20 to 120 operational miners, which is 2-3
months ahead of schedule, by acquiring 100 already hashing Bitmain
Antminer S19J Pro miners.
This resultant effect of the
increased number of miners sees an immediate reduction in our power
costs across all our miners hosted by Megawatt
(www.megawatthq.com)
in Indiana from US$0.08 to US$0.07 per kWh.
The total number of miners installed
in Indiana will increase further in the coming weeks when the first
20 "Made in America" Auradine AT2880 (220 TH) miners arrive, as
announced on 19 February 2025.
Vinanz is expected to have a hashing
capacity of around 16.4 Petahash (PH/s) once the Auradine AT2880s
are installed and operational at its Indiana location in the coming
weeks.
Vinanz is planning further
expansions in Indiana with Megawatt later this year as situations
allow and also expand further into our existing third-party hosting
partners based in Iowa, Nebraska, Texas and Canada.
David Lenigas,
Chairman of Vinanz, commented:
"Our Indiana host Megawatt advised us last week
that they had 100 SJ19 Pro miners available for us that were
already installed and hashing and we took the opportunity to
accelerate our plans to increase our mining fleet there which, most
importantly, helps us lower power costs across our entire fleet in
Indiana. We are bullish on the Bitcoin price this year and our
mission is to expand our fleet as much as possible in the USA as
and when opportunities arise."
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).
