Vinanz to Double Bitcoin Miners in Nebraska
31 July 2024
Vinanz Limited
Vinanz to Double Bitcoin Miners in Nebraska
London, New York, July 31, 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 following on from launching a new Bitcoin mining beachhead cluster in Superior, Nebraska, USA, it has signed expansion agreements with hosting specialists Basic Mining (www.basicmining.com) to double its fleet of Bitmain Antminer S19k Pro 120 Terahash (TH/s) miners to twenty miners.
Once these miners are hashing to our account, the Company will make a new announcement saying so and report the combined PH/s for Nebraska's inputs into Vinanz's Luxor pool. The Company has plans to ultimately increase the Nebraska cluster to around 300 miners, just like we have done in Labrador.
Nebraska is the latest US State for Vinanz's roll-out of its expanding bitcoin mining fleet, joining recently announced moves into Indiana and Iowa and joins our growing Bitcoin miner fleet in Labrador in north-east Canada.
David Lenigas, Vinanz's Chairman, commented; "Our initial push into Nebraska has worked well and the initial launch of our maiden miners into Basic Mining's facilities gives us confidence to increase our miners with them to the next level. These existing miners are operating seamlessly at their nameplate rate of 120 TH/s each and because power prices are competitive at 6.5c per kilowatt hour, we have decided to expand our fleet in Nebraska. The Company is bullish on the future of Bitcoin, and it being recognised as an alternative cross-border alternative currency and asset class. So, further expansion in the USA and Canada of our Vinanz Bitcoin Mining Nexus is our goal."
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
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