Vinanz Limited Vinanz Adds 170 Bitcoin Miners in North America (7933V)
06 Dicembre 2023 - 8:00AM
UK Regulatory
TIDMBTC
RNS Number : 7933V
Vinanz Limited
06 December 2023
6 December 2023
This announcement contains information which, prior to its
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Vinanz Limited
("Vinanz" or "the Company")
Vinanz Adds 170 Bitcoin Miners in North America
Vinanz Limited (London AQSE: BTC and US OTCQB: VINZF), the
London listed Bitcoin mining company focusing on decentralised
deployment of Bitcoin mining clusters in multiple data facilities
throughout the US and Canada, is pleased to announce that further
to its news release of 15 November 2023, that it has now completed
the acquisition of 170 Bitmain Antminer S19J Pro (110 Terahash)
ASIC Bitcoin miners.
These ASIC miners are being operated under a hosting agreement
with BlockLAB in one of their data centres in Labrador, Canada. By
adding these 170 miners to the 100 miners already operating and
being hosted at BlockLAB, all the miners now enjoy a 12% reduction
in power costs resulting in an across the fleet power price of less
than 6 US cents per kilowatt hour, which adds to the profitability
of all miners spinning at BlockLAB.
These 170 ASIC miners have added 17.8 Petahash/second ("PH/s")
of processing power to Vinanz's fleet.
The total number of Bitcoin miners now operating in North
America has now grown to 290, with a combined processing power
across all three operational clusters growing to about 30 PH/s.
These additional miners that have been added to our fleet this week
join other miners currently operating in Canada and United
States.
David Lenigas, Vinanz's Executive Chairman, said:
"It was extremely fortuitous to have secured these 170 Bitcoin
miners that were already spinning in Canada. The combined
processing power of nearly 18 Petahash for these machines is
excellent and these units more than double our spinning ASIC miner
fleet. We are also actively looking at the best options available
to us to further increase our overall fleet to 400 miners as soon
as possible. The Company is totally focused on building out the
number of Bitcoin miners operating in North America before the next
Halving in April next year, when the market is expecting to see a
significant rise in Bitcoin price. We have already seen significant
BTC price rises in recent weeks having seen the Bitcoin price go
through US$43,000 last night from US$25,000 only 3 months ago."
About Vinanz
Vinanz is listed on the London Aquis markets and 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. Whilst the Company will focus initially on BTC
mining, it will also consider the mining of other cryptocurrencies,
and operations in the DeFi and Big Data space in the future. The
Company intends to be able to provide a listed UK platform to offer
entry to the technology and cryptocurrency business.
The Company's admission document is available to view on its
website www.vinanz.co.uk
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 and Broker)
Brian Stockbridge brian@first-sentinel.com
+44 (0) 20 3989 2222
Clear Capital Markets (Broker)
Bob Roberts bobroberts@clear-cm.co.uk
+44 (0) 20 3869 6080
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