Vinanz Limited - Vinanz Plans to Add Bitcoin Miners and Placing

28 February 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")

£447,750 Placing at 12 pence per Share

Vinanz Plans to Increase Bitcoin Mining Fleet 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 raised £447,750 (gross) at 12 pence per share, representing a premium of 6.67% to the closing mid-price of 11.25 pence per share on 27 February 2024, and will be used primarily to assist with raising Company awareness in the US for its OTCQB listing and to acquire additional bitcoin miners to boost the Company's current Bitcoin mining fleet in North America.

The Company will also apply some of this funding to initiate enquiries to potentially list Vinanz shares on NASDAQ. These enquiries are at an early stage and there is no guarantee that the Company will achieve a listing on NASDAQ, but if it is successful in doing so it should upgrade our trading exposure to US shareholders and may improve liquidity in the Company's shares.  The Company will seek to retain its admission to AQSE.  The Company is also investigating the possibility of its shares being traded in Frankfurt and further announcements will be made in due course with respect to both of these initiatives.

This funding will see the acquisition of new Bitcoin miners which will add to our existing fleet of miners in the US and Canada. This next Bitcoin miner purchase will bring in the first series of next generation S21 miners into Vinanz's fleet. These Bitmain Antminer S21s are regarded as one of the fastest miners in the world today, with processing speeds now pushing 200 TH per second, and will be brought in to replace some of our older less speedy fleet and form part of a new mining cluster to be installed in either the US or Canada. Vinanz is now working with Luxor, its preferred supplier of miners in the North America, to have these new miners installed and spinning well before the anticipated Bitcoin halving in April. It's important that Vinanz is continually upgrading its equipment within the fleet to achieve the lowest possible operating cost and remain competitive, as we transition through the next halving.

David Lenigas, Vinanz's Executive Chairman, said:

"It's fantastic that we have managed to raise this money at a premium to yesterday's mid-market share price in Vinanz on Aquis. With the next Bitcoin halving fast approaching and the excellent institutional uptake of the spot 1:1 Bitcoin ETFs in the US having recently been approved by the US SEC, the board of Vinanz thought it highly prudent to increase the number of spinning Bitcoin miners in North America as soon as possible."

"No one really knows what's going to happen to the Bitcoin price through 2024 and beyond, but the consensus from many analysts suggest a strong rise could occur to the Bitcoin price if historical halvings are anything to go by. Raising fresh equity now to increase the mining fleet puts the Company into a stronger financial position going forward."

"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 minimal 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 very scalable."

Placing and Total Voting Rights

A placing agreement was entered into by the Company and Clear Capital Markets ("CCM") on 27 February 2024 to raise gross proceeds of £447,750 through the placing of 3,731,250 new Ordinary Shares ("Placing Shares") at a price of 12 pence per share ("Placing Price"). The Placing Price represents a premium of 6.67% to the closing mid-price of 11.25 pence per share on 27 February 2024.

Application will be made to the Aquis Stock Exchange for admission of the 3,731,250 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 around 6 March 2024 (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 131,889,756 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.

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