Texas Bitcoin Mining

Vinanz Limited

23 August 2024

 

23 August 2024

Vinanz Limited

Texas Bitcoin Mining

London, New York, August 23, 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 started a new Bitcoin cluster in Texas, as part of its plans to roll-out Bitcoin miners in third-party hosting centres in the USA and Canada.

Vinanz has acquired its first Bitcoin miners in a facility located in the Midland area of Texas and these miners are hosted under a contract with Compass Mining Inc (www.compassmining.io). Our initial order for install and operate was for 3 x Antminer S21 200TH Bitcoin miners and these miners are now hashing c.600 Terahash (TH) to Vinanz's wallet.

Texas is the latest US State for Vinanz's roll-out of its expanding bitcoin mining fleet, joining recently announced moves into Nebraska, Indiana and Iowa and joins our growing Bitcoin miner fleet in Labrador in north-east Canada.

David Lenigas, Vinanz's Chairman, commented; "Texas is the newest US State for our plans to expand our Bitcoin mining fleet throughout multiple US States and Canada.  This time we have gone with Compass Mining Inc for hosting our miners in Texas. Once we know these initial miners are working for us and we can see reliable hosting services, we will look to increasing our miners in Texas as soon as practicable. Compass is a sizeable bitcoin mining host in the USA and Canada, and we plan to use this new relationship with them to further expand our operations through their extensive network of Bitcoin mining sites."

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 Texas, Indiana, Iowa and Nebraska in the USA and in Labrador (Canada). 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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