Vinanz Limited - Vinanz to Triple Bitcoin Miners and Placing

9 November 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")

Vinanz to Triple Bitcoin Miners in North America

and £350,000 Placing at 3 pence per Share

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 it has raised £350,000 (gross) at 3.0 pence per share, representing a premium of 4.35% to the closing mid-price of 2.875 pence per share on 8 November 2023, and will be used primarily to acquire 250 additional bitcoin miners which will approximately triple the Company's current Bitcoin mining fleet in North America.

Vinanz is working with its preferred supplier of miners in the North America to have these new units installed and spinning well before the end of 2023.

These planned 250 new miners to be acquired will be Bitmain Antminer SJ19 Pro ASIC miners (rated at 10.4 Terrahash/second) (or equivalent) and will increase Vinanz's computers spinning from 120 to 370 and an increase in the Company's overall processing rate to around 38 Petahash/second ("PH/s") from 12 PH/s, an approximate tripling of Vinanz's current processing power.

The cost to acquire and install the planned 250 ASIC miners will be completely covered from the proceeds of this placing. Vinanz is again looking to install the new hardware in Canada data centre, where energy is primarily generated from GREEN HYDRO.

David Lenigas, Vinanz's Executive Chairman, said:

"With the next Bitcoin halving fast approaching and the institutional ETFs in the USA moving through their applications with the US SEC, the board of Vinanz thought it highly prudent to dramatically increase the number of spinning Bitcoin miners in North America as soon as possible. Adding another 250 Antminers to our spinning fleet in the coming weeks achieves this."

Raising fresh equity now to increase the mining fleet puts the Company into a very solid financial position going forward. Increasing our mining fleet to 370 machines in the coming weeks should see a new Bitcoin generated to our wallet around every 10 days or so and generate over US$1.2million of value in our wallet per year (assuming today's Bitcoin price of US$35,000). We are building a Bitcoin mining business that gives shareholders considerable upside leverage for an expected rise in the Bitcoin price as Bitcoin becomes more mainstream in global finance markets and towards and beyond the next halving."

"Our model of building out decentralised mining clusters through third-party data centres in North America without owning the infrastructure is one that the board is hard wired into. We have very few corporate costs, we don't have to or want to pay for expensive infrastructure, and we feel the decentralised cluster approach de-risks our roll-out strategy and makes our business model highly scalable."

Placing and Total Voting Rights

A placing agreement was entered into by the Company and Clear Capital Markets ("CCM") on 8 November 2023 to raise gross proceeds of £350,000 through the placing of 11,666,667 new Ordinary Shares ("Placing Shares") at a price of 3.0 pence per share ("Placing Price"). The Placing Price represents a premium of 4.35% to the closing mid-price of 2.875 pence per share on 8 November 2023.

Application will be made to the Aquis Stock Exchange for admission of the 11,666,667 Placing Shares to trading on Aquis. It is expected that admission will become effective and dealings in the Placing Shares will commence on Aquis at 8.00 a.m. on or before the 23 November 2023 (or such later date as may be agreed between the Company and the CCM).

The Placing Shares will be issued fully paid and will rank pari passu in all respects with the Company's existing Ordinary Shares.

Following Admission, the total number of Ordinary Shares in the capital of the Company on issue will be 128,158,506 with voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company's issued share capital pursuant to the Company's Articles.

History of Vinanz's Bitcoin Miner Rollout in North America 2023:

The Company acquired 20 BTC miners (running at a combined 1.6 PH/s) on listing in April 2023, and these are located in Nebraska in the USA. Vinanz then expanded its mining fleet in June when it announced that it had acquired 100 new Bitmain Antminer S19J Pro (104 TH/s) ASIC miners and that these miners were fully operational in Labrador Canada running at a combined processing power of 10.4 PH/s. These 250 new Antminers announced today will increase Vinanz's processing power to around 36 PH/s when installed in the coming weeks.

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