10 October 2024
Vinanz
Limited
Vinanz Deploys Next
Generation Bitcoin Miners in Nebraska
S21 Pro 234 TH Miners Added
to North American Fleet
London, New York, October 10, 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 just increased its bitcoin miner fleet in Nebraska with the
addition of the most efficient Bitcoin miners yet for its North
American fleet with the purchase of five Bitmain Antminer S21 Pro 234 Terahash (TH/s)
machines.
Nebraska was the obvious choice to
install our new S21 Pro 234 TH miners due to the power costs of 6.5
cents per kilowatt hour we have with our hosting partner there
Basic Mining (www.basicmining.com)
where we already had thirty S19k Pro 120 TH miners operating. These
new miners consume 3,510 watts each but operate at an incredible
efficiency of 15 Joules per TH, making them the best performing
miners in our fleet.
Basic Mining advised yesterday that
these new S21's are now hashing for us a total of 1,170 PHs (1.17
PHs) and Nebraska is now hashing to Vinanz's wallet a combined
total of 4.9 PHs.
Vinanz operates Bitcoin miners in
Nebraska, Texas, Indiana and Iowa and Labrador in north-east
Canada.
David Lenigas, Vinanz's
Chairman, commented; "The board believes that these new S21 Pro 234
TH miners are amongst the most efficient miners available
today on the market and high efficiency miners are the way to go to
be competitive. Our hosting partner, Basic Mining, confirm that at
today's Bitcoin price of $62,300 these S21's are each earning a
profit of about $112 per month on an estimated month cost per
machine of around $163. At 15 Joules/TH, we don't see much better
value miners for money out there and this is the direction of
travel for Vinanz going forward. These machines join the 10 x S21
200 TH miners we installed in Canada earlier this year as part of
our new faster fleet."
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