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Vinanz Limited - Vinanz Acquires 171 Additional Bitcoin Miners

Announcement provided by

Vinanz Limited · BTC

15/11/2023 07:55

Vinanz Limited - Vinanz Acquires 171 Additional Bitcoin Miners
RNS Number : 5285T
Vinanz Limited
15 November 2023

15 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 Acquires 171 Additional 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 it has signed an agreement to buy 171 Bitmain Antminer S19J Pro (110 Terahash) ASIC Bitcoin miners that are already operational and spinning in BlockLab's data centre in Labrador, Canada.


Further to the Company's news release of 9 November 2023 outlining the Company's plans to triple its North American Bitcoin fleet by adding another 250 ASIC Bitcoin miners in the coming months, Vinanz has signed a deal with Luxor, the Company's preferred North American supplier of Bitcoin miners, that will see 171 ASIC miners bought by the Company from an un-related third party and adding into the Company's wallet on asset transfer scheduled for around the 25th November 2023.


These 171 new ASIC miners will add about 17 PH/s of processing power to Vinanz's fleet and will soon be joined by another 80 new miners which the Company expects to acquire later in the year and which will take our overall processing power to about 38 PH/s.


Vinanz currently has a total of 9.1 Bitcoin in its wallet and has current processing power of 12 PH/s with 120 miners currently operating in Labrador in Canada and Nebraska in the United States.


The full expanded complement of 371 ASIC miners, when ultimately installed and spinning by year end, should see a significant increase in the rate of Bitcoin generation and should add a new Bitcoin to Vinanz's wallet about every 10 days or so.


David Lenigas, Vinanz's Executive Chairman, said:


"We have been extremely lucky in securing these miners in such a short period of time. The fact that they are already installed and operating (spinning) in the same data centre that Vinanz installed its last 100 miners back in June, is great news and dramatically shortens the timelines for adding new Bitcoin into our wallet. The Company is totally focused on building out the number of Bitcoin miners operating before the next Halving in April next year, when the market is expecting to see a significant rise in Bitcoin price."


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


The directors of Vinanz Limited accept responsibility for this announcement.


For further information please contact:


Vinanz Limited

David Lenigas                            

Jeremy Edelman                        


First Sentinel (Corporate Adviser and Broker)

Brian Stockbridge                      

                                                            +44 (0) 20 3989 2222


Clear Capital Markets (Broker)

Bob Roberts                               

                                                            +44 (0) 20 3869 6080


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