Vinanz Limited Vinanz Deploys Next Generation Miners in Nebraska

RNS Number : 6011H

Vinanz Limited

10 October 2024

 

10 October 2024

 

 

Vinanz Limited

 

Vinanz Deploys Next Generation Bitcoin Miners in Nebraska

 

S21 Pro 234 TH Miners Added to North American Fleet

 

 

 

London, New York, October 10, 2024, Vinanz Limited (US OTCQB: VINZF and AQSE: BTC in London) ("Vinanz" or "the Company"), the publicly listed Bitcoin mining company with US and Canadian Bitcoin mining operations, announces that it has just increased its bitcoin miner fleet in Nebraska with the addition of the most efficient Bitcoin miners yet for its North American fleet with the purchase of five Bitmain Antminer S21 Pro 234 Terahash (TH/s) machines.

 

Nebraska was the obvious choice to install our new S21 Pro 234 TH miners due to the power costs of 6.5 cents per kilowatt hour we have with our hosting partner there Basic Mining (www.basicmining.com) where we already had thirty S19k Pro 120 TH miners operating. These new miners consume 3,510 watts each but operate at an incredible efficiency of 15 Joules per TH, making them the best performing miners in our fleet.

 

Basic Mining advised yesterday that these new S21's are now hashing for us a total of 1,170 PHs (1.17 PHs) and Nebraska is now hashing to Vinanz's wallet a combined total of 4.9 PHs.

 

Vinanz operates Bitcoin miners in Nebraska, Texas, Indiana and Iowa and Labrador in north-east Canada.

 

David Lenigas, Vinanz's Chairman, commented; "The board believes that these new S21 Pro 234 TH miners are amongst  the most efficient miners available today on the market and high efficiency miners are the way to go to be competitive. Our hosting partner, Basic Mining, confirm that at today's Bitcoin price of $62,300 these S21's are each earning a profit of about $112 per month on an estimated month cost per machine of around $163. At 15 Joules/TH, we don't see much better value miners for money out there and this is the direction of travel for Vinanz going forward. These machines join the 10 x S21 200 TH miners we installed in Canada earlier this year as part of our new faster fleet."

 

About Vinanz Limited

 

Vinanz's primary listing is in London (United Kingdom) on the Aquis Exchange under the ticker BTC and trades in the USA on the US OTCQB under the ticker VINZF. Vinanz is a British Virgin Island (BVI) domiciled company that 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. Currently, Vinanz operates Bitcoin miners in Labrador (Canada) and Indiana, Iowa and Nebraska in the USA. Whilst the Company will focus initially on BTC mining, it will also consider the mining of other cryptocurrencies, and operations in the DeFi, AI and Big Data space in the future.

 

The directors of Vinanz Limited accept responsibility for this announcement.

 

CONTACTS:

 

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]

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