13 March 2024
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")
Vinanz
Orders Bitmain Antminer S21 200TH/s Miners for 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, announces that it acquired the first ten units of S21
Bitmain Antminer 200 Terahash miners to start upgrading the
processing power of Vinanz's North American bitcoin mining fleet in
preparation for the up and coming bitcoin halving event estimated
to occur around the 20th April 2024.
These S21miners have been ordered
from our preferred Bitcoin miner providers, Luxor. They are
expected to take about two to three weeks to arrive in North
America and are due to be installed in Canada where the Company has
excellent contracted electricity prices at sub US$0.06 per kilowatt
hour, as previously announced. These new miners should be spinning
within a week of arrival at the BlockLAB data centre.
These Antminer S21 series are
amongst the fastest miners in the world today and will be brought
in to test the speed of the machines. They will replace some of the
Company's older and less speedy fleet and will be added to our
existing fleet to expand the total number of miners
spinning.
The Company plans to add
significantly more S21 miners to our fleet once the first S21's are
installed and tested for speed and bitcoin mining
ability.
David Lenigas, Vinanz's Executive Chairman,
said:
"We've ordered an initial batch of Bitmain Antminer S21
200TH/s machines to test their compatibility with the racking space
we use in Canada, their connectivity, processing speed and bitcoin
mining rates. Once tested, Vinanz plans to use these S21 miners as
the new backbone of our mining fleet as we move through the April
halving and beyond. The Bitcoin price has increased significantly
in the past few weeks since our last regulatory news release seeing
the BTC price rising from around US$58,000 in February 2024 to
around US$72,000 today. No one really knows what's going to happen
to the Bitcoin price through 2024 and beyond, but the consensus
from many analysts suggests a strong rise could continue to perform
strongly into and beyond the halving and adding new miners to the
fleet puts the Company into a stronger financial position going
forward."
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 3855 5551
Clear Capital Markets (Broker)
Bob
Roberts
bobroberts@clear-cm.co.uk
+44 (0) 20 3869 6080
