Vinanz Limited BTC Miners Due for Delivery to Canada on 25 May (8772Z)
18 Maggio 2023 - 10:20AM
UK Regulatory
TIDMBTC
RNS Number : 8772Z
Vinanz Limited
18 May 2023
18 May 2023
This announcement contains information which, prior to its
disclosure, was inside information as stipulated under Regulation
11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310
(as amended). Upon the publication of this announcement via a
Regulatory Information Service, this inside information is now
considered to be in the public domain.
Vinanz Limited
("Vinanz" or "the Company")
New Bitcoin Miners Due for Delivery to Canada on 25 May
Vinanz Limited (AQSE: BTC), 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 the 100 new Bitmain Antminer S19J Pro
ASIC miners are due to arrive at the hosting data centre facility
in Labrador in Canada on 25(th) May 2023.
These new Bitcoin ASIC miners, when installed and spinning, will
increases Vinanz's combined Terrahash processing power in North
America to 12,000 TH/s.
Labrador was an ideal choice of location for the Company's first
expansion of its ASIC miners as the energy in Labrador is primarily
generated from GREEN HYDRO.
David Lenigas, Vinanz's Executive Chairman, said:
"Further to our previous announcement on these new BTC miners,
I'm pleased that our purchase and delivery provider, Luxor, is
running to schedule. Once the miners are delivered to the Labrador
data centre, we expect them will take about a week to machines
installed and spinning and generation Bitcoins to our wallet. Our
technical team are assessing preferred locations for the next
batches of miners, and we are hopeful to conclude contracts for our
second round of expansion when these first lot of miners are
on-line."
About Vinanz
Vinanz is listed on the London Aquis markets and aims to build
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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END
NEXUWAWROBUVARR
(END) Dow Jones Newswires
May 18, 2023 04:20 ET (08:20 GMT)
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