20 August 2024
Vinanz
Limited
100 Bitcoin Miners Added to
Vinanz's Canadian Fleet
London, New York, August 20, 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,
is pleased to announce that it has now added 100
Bitmain Antminer S19J Pro ASIC Bitcoin miners to its Canadian fleet
at BlockLAB's facilities in Labrador.
These miners have, as of today
added, another 9.8 Petahash (PH) to Vinanz's wallet and increases
our Canadian Bitcoin mining fleet to 380 miners.
Our power consumption at BlockLABs
has increased to around 1.1 Megawatts and drops our overall power
price down to Canadian $0.075 (US$0.055) per kWhr.
Vinanz has Bitcoin operations
in Nebraska, Indiana and Iowa in the USA
and in Labrador in north-east Canada.
David Lenigas, Vinanz's
Chairman, commented; "This is a big step-up for our Canadian mining
fleet. It also kicks us to over 1 megawatt of power and moves as
into a lower power cost band with our host and drops our
electricity price to a very competitive US 5.5 cents per
kWhr."
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 Texas, Indiana, Iowa and Nebraska in the USA and in
Labrador (Canada). 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