9 August 2024
Vinanz
Limited
Vinanz Boosts Iowa Bitcoin
Mining Capacity
New
York, London, August 9, 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 now
significantly expanded its Bitcoin mining operation in the US State
of Iowa since it launched its first beach head there in June with
the installation of its first 20 Bitmain Antminer S19J Pro+ 120
Terahash ("TH") Bitcoin miners at Mining Store's St Anthony
Iowa.
Vinanz announced later in June that
it had ordered another 40 120TH miners. These miners have now been
delivered and installed and a further 20 120TH miners were
purchased, taking the Iowa fleet to 80 miners.
Mining Store, the Company's Iowa
miner host, advise yesterday that 75 miners are now operational at
St Anthony and these units generated about 8.57PH in the last 24
hours and their team are still working at getting 5 more miners
online.
David Lenigas, Vinanz's
Chairman, commented; "Iowa, as a Bitcoin cluster, is performing
very well for Vinanz. We only launched in Iowa in June, as part of
our US expansion plans, and already we have increased our Bitcoin
miners there 4-fold in just 2 months. We like Iowa as a place to
host our growing Bitcoin miner fleet and we find Mining Store to be
a very supportive and pro-active host for our miners and we plan to
continue to grow there over the coming year."
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