Vinanz Limited - Vinanz Adds 170 Bitcoin Miners in North America

6 December 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 Adds 170 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 further to its news release of 15 November 2023, that it has now completed the acquisition of 170 Bitmain Antminer S19J Pro (110 Terahash) ASIC Bitcoin miners.

These ASIC miners are being operated under a hosting agreement with BlockLAB in one of their data centres in Labrador, Canada. By adding these 170 miners to the 100 miners already operating and being hosted at BlockLAB, all the miners now enjoy a 12% reduction in power costs resulting in an across the fleet power price of less than 6 US cents per kilowatt hour, which adds to the profitability of all miners spinning at BlockLAB.

These 170 ASIC miners have added ~17.8 Petahash/second ("PH/s") of processing power to Vinanz's fleet.

The total number of Bitcoin miners now operating in North America has now grown to 290, with a combined processing power across all three operational clusters growing to about 30 PH/s.  These additional miners that have been added to our fleet this week join other miners currently operating in Canada and United States.

David Lenigas, Vinanz's Executive Chairman, said:

"It was extremely fortuitous to have secured these 170 Bitcoin miners that were already spinning in Canada. The combined processing power of nearly 18 Petahash for these machines is excellent and these units more than double our spinning ASIC miner fleet.  We are also actively looking at the best options available to us to further increase our overall fleet to 400 miners as soon as possible. The Company is totally focused on building out the number of Bitcoin miners operating in North America before the next Halving in April next year, when the market is expecting to see a significant rise in Bitcoin price. We have already seen significant BTC price rises in recent weeks having seen the Bitcoin price go through US$43,000 last night from US$25,000 only 3 months ago."

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