Bitcoin Mining Operations Expand into Nebraska

Vinanz Limited

15 July 2024

 

15 July 2024

Vinanz Limited

Vinanz Expands US Bitcoin Mining Operations into Nebraska

London, New York, July 15, 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 launched a new Bitcoin mining beachhead cluster in Superior, Nebraska, USA.

Vinanz has collaborated with Nebraska Bitcoin hosting specialists Basic Mining (www.basicmining.com) and has acquired an initial 10 Bitmain Antminer SJ19k Bitcoin 120 Terahash miners, from Basic Mining's existing operational miners. The Company plans to expand on these numbers with Basic Mining in Nebraska, once these initial miners are settled into our mining fleet and Bitcoin pool.

This Nebraska deal is the newest US State for Vinanz, joining recently announced moves into Indiana and Iowa and joins our growing Bitcoin miner fleet in Labrador in north-east Canada.

These miners are already online and hashing 1.2 Petahash/second (PHs) to Vinanz's Luxor pool.

David Lenigas, Vinanz's Chairman, commented; "This deal sees Vinanz establish another beachhead into another US State at an excellent power price. At a contracted 6.5 cents per kilowatt hour, Nebraska should be an ideal business cluster for us to expand upon. We continue to expand our footprint in North America with our bitcoin miner rollout, with operations in Labrador, Indiana, Iowa and now Nebraska. The Company is bullish on the future of Bitcoin, and it being recognised as an alternative cross-border alternative currency and asset class. So, rapid expansion in the USA and Canada of our Vinanz Bitcoin Mining Nexus is our goal."

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 USA and Canada through third-party cryptocurrency mining providers. Currently, Vinanz operates Bitcoin miners in Labrador (Canada), 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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