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Vinanz Limited - Vinanz Orders Bitmain Antminer S21 200TH/s Miners

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Vinanz Limited · BTC

13/03/2024 07:00

Vinanz Limited - Vinanz Orders Bitmain Antminer S21 200TH/s Miners
RNS Number : 5934G
Vinanz Limited
13 March 2024

13 March 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")


Vinanz Orders Bitmain Antminer S21 200TH/s Miners for 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, announces that it acquired the first ten units of S21 Bitmain Antminer 200 Terahash miners to start upgrading the processing power of Vinanz's North American bitcoin mining fleet in preparation for the up and coming bitcoin halving event estimated to occur around the 20th April 2024.


These S21miners have been ordered from our preferred Bitcoin miner providers, Luxor. They are expected to take about two to three weeks to arrive in North America and are due to be installed in Canada where the Company has excellent contracted electricity prices at sub US$0.06 per kilowatt hour, as previously announced. These new miners should be spinning within a week of arrival at the BlockLAB data centre.


These Antminer S21 series are amongst the fastest miners in the world today and will be brought in to test the speed of the machines. They will replace some of the Company's older and less speedy fleet and will be added to our existing fleet to expand the total number of miners spinning.


The Company plans to add significantly more S21 miners to our fleet once the first S21's are installed and tested for speed and bitcoin mining ability.


David Lenigas, Vinanz's Executive Chairman, said:


"We've ordered an initial batch of Bitmain Antminer S21 200TH/s machines to test their compatibility with the racking space we use in Canada, their connectivity, processing speed and bitcoin mining rates. Once tested, Vinanz plans to use these S21 miners as the new backbone of our mining fleet as we move through the April halving and beyond. The Bitcoin price has increased significantly in the past few weeks since our last regulatory news release seeing the BTC price rising from around US$58,000 in February 2024 to around US$72,000 today. No one really knows what's going to happen to the Bitcoin price through 2024 and beyond, but the consensus from many analysts suggests a strong rise could continue to perform strongly into and beyond the halving and adding new miners to the fleet puts the Company into a stronger financial position going forward."


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 3855 5551


Clear Capital Markets (Broker)

Bob Roberts                               

                                                            +44 (0) 20 3869 6080


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