19 February 2025
THIS ANNOUNCEMENT IS MADE FOR INFORMATION PURPOSES
ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR
SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE SHARES IN
VINANZ LIMITED IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR
SOLICITATION WOULD BE UNLAWFUL.
Vinanz
Limited
("Vinanz"
or "the Company")
(BTC:LN in London
and VINZF:US)
First USA Made Bitcoin Miners
for Vinanz to be Hosted in Expanded Indiana Deal for New Miner
Slots
London, New
York, February 19, 2025, Vinanz Limited; the London Stock Exchange Main Board Listed Bitcoin mining
company with US and Canadian Bitcoin mining
operations, announces that it has ordered
its first ever USA made Bitcoin miners - manufactured and supplied
by California based Auradine Inc.
The initial trial order of 20
Auradine AT2880 (220TH and 17.5 J/TH efficiency) miners will be
installed at our Indiana hosts facilities in the coming weeks and
our hosts there advise that they will have an estimated operating
Bitcoin breakeven price of around $53,000 (based on our contracted
7.5 cents per kWh electricity price).
As Vinanz mines Bitcoin exclusively
in North America, with miners currently hashing in Nebraska, Iowa,
Indiana and Texas and Goose Bay in Labrador in Canada, it is
important for us to buy American made if there was a viable and
competitive ASIC miner supplier.
Megawatt, our host in Indiana, have
advised that these Auradine miners are excellent performers, and
their operating parameters and operating costs are as good as
Chinese made miners. With the US Government poised to apply tariffs
on all US imports it made perfect sense for the Company to buy
these high performance Auradine AT2880s.
Previous miners purchased by Vinanz
for its US growth plans have all originated from China with its
fleets of various types of Bitmain, Whatsminer and Canaan miners.
Indiana Bitcoin Fleet Expansion
Plans
Back in July 2024, the Company announced that it was
trialing its first miners with Megawatt, when they hosted an
initial installation for 20 Bitmain Antminer SJ19 Pro Bitcoin
miners.
This trial has gone very well and Vinanz has now
signed an agreement with Megawatt under which the Company will add
20 additional miners, alongside the miners already hashing at
Megawatt and the 20 Auradine AT2880 announced
today. Additionally, the Company will have the exclusive
right to host an additional 41 miners, which, if added, will
increase Vinanz's total miners at Megawatt's Indiana location to
101 miners and reduce the overall power price to US$0.07 per
kWh.
These new Auradine AT2880 miners, when installed
alongside another 20 miners to be ordered soon, will take our
overall power price to US$0.075 per kWh across the fleet at
Megawatt.
David Lenigas,
Chairman of Vinanz, commented:
"We are excited to be buying our first USA made
miners for Vinanz's expansion plans for North America and our plans
to expand our mining fleet in Indiana. These miners are energy
efficient and have a Bitcoin breakeven operating price of circa
$53,000, we are keen to see them hashing in the coming weeks. If
they perform as they say on the box, we will look at adding more of
these USA made miners going forward to show our support for backing
the US economy and our businesses there."
"Megawatt have been a fantastic hosting partner
for us since we started the trial in Indiana with them back in July
last year and we now intend to put in place a plan that sees us
going to over 100 miners with them in the coming months and many
more over the course of this year. We are also looking at expanding
our miner roll-out in Iowa, Nebraska and Texas in the coming
months."
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)
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
About Vinanz
Limited
Vinanz's primary listing is in London (United
Kingdom) on the London Stock Exchange under the ticker BTC and
trades in the USA on the US OTCQB under the ticker VINZF. Vinanz is
building up a strategic Bitcoin holding by building a Bitcoin
mining company installing miners within hosting facilities
throughout the USA and Canada through third-party cryptocurrency
mining providers. Currently, Vinanz operates Bitcoin miners in
Indiana, Iowa, Nebraska and Texas in the USA and in Labrador
(Canada).
