Vinanz Limited BTC Miners Due for Delivery to Canada on 25 May (8772Z)

TIDMBTC

RNS Number : 8772Z

Vinanz Limited

18 May 2023

18 May 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")

New Bitcoin Miners Due for Delivery to Canada on 25 May

Vinanz Limited (AQSE: BTC), 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 the 100 new Bitmain Antminer S19J Pro ASIC miners are due to arrive at the hosting data centre facility in Labrador in Canada on 25(th) May 2023.

These new Bitcoin ASIC miners, when installed and spinning, will increases Vinanz's combined Terrahash processing power in North America to 12,000 TH/s.

Labrador was an ideal choice of location for the Company's first expansion of its ASIC miners as the energy in Labrador is primarily generated from GREEN HYDRO.

David Lenigas, Vinanz's Executive Chairman, said:

"Further to our previous announcement on these new BTC miners, I'm pleased that our purchase and delivery provider, Luxor, is running to schedule. Once the miners are delivered to the Labrador data centre, we expect them will take about a week to machines installed and spinning and generation Bitcoins to our wallet. Our technical team are assessing preferred locations for the next batches of miners, and we are hopeful to conclude contracts for our second round of expansion when these first lot of miners are on-line."

About Vinanz

Vinanz is listed on the London Aquis markets and aims to build 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                                      [e-mail] 
   Jeremy Edelman                                  [e-mail] 

First Sentinel (Corporate Adviser and Broker)

   Brian Stockbridge                                [e-mail] 

[phone]

Clear Capital Markets (Broker)

   Bob Roberts                                         [e-mail] 

[phone]

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NEXUWAWROBUVARR

(END) Dow Jones Newswires

May 18, 2023 04:20 ET (08:20 GMT)