Vinanz Boosts Iowa Bitcoin Mining Capacity

Vinanz Limited

09 August 2024

 

9 August 2024

Vinanz Limited

Vinanz Boosts Iowa Bitcoin Mining Capacity

New York, London, August 9, 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 now significantly expanded its Bitcoin mining operation in the US State of Iowa since it launched its first beach head there in June with the installation of its first 20 Bitmain Antminer S19J Pro+ 120 Terahash ("TH") Bitcoin miners at Mining Store's St Anthony Iowa.

Vinanz announced later in June that it had ordered another 40 120TH miners. These miners have now been delivered and installed and a further 20 120TH miners were purchased, taking the Iowa fleet to 80 miners.

Mining Store, the Company's Iowa miner host, advise yesterday that 75 miners are now operational at St Anthony and these units generated about 8.57PH in the last 24 hours and their team are still working at getting 5 more miners online.

David Lenigas, Vinanz's Chairman, commented; "Iowa, as a Bitcoin cluster, is performing very well for Vinanz. We only launched in Iowa in June, as part of our US expansion plans, and already we have increased our Bitcoin miners there 4-fold in just 2 months. We like Iowa as a place to host our growing Bitcoin miner fleet and we find Mining Store to be a very supportive and pro-active host for our miners and we plan to continue to grow there over the coming year."

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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