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| Date | 24 Apr 2024 |
| Time | 12:21:45 |
| Category | Miscellaneous |
| ID | 8865L |
24 April 2024
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 Now Installed and Running at 200TH/s Each
Vinanz Limited (London AQSE: BTC and US OTCQB: VINZF), the London listed Bitcoin mining company focusing on decentralised deployment of Bitcoin mining clusters in multiple data facilities throughout the US and Canada, announces that the first ten S21 Bitmain Antminer 200 Terahash/second ("TH/s") miners ordered for our Canadian BlockLABS fleet, as announced on the 13 March, are now fully operational and are all spinning at better than 200 TH/s.
These Antminer S21 series are amongst the fastest miners in the world today and the Company is pleased that all units are running at better than their 200 TH/s rated performance. They were installed in the same facility that houses Vinanz's existing Bitcoin miners and increases the number of miners at this BlockLABS cluster in Labrador to 280.
The Company plans to add significantly more S21 miners to its North American fleet now that these miners have been installed and their running speeds validated.
David Lenigas, Vinanz's Executive Chairman, said:
"We're pleased that this initial batch of Bitmain Antminer S21 (200TH/s) machines are up and running and even more impressed at how quickly they ran up to their rated 200 TH/s processing speed. The addition of these Bitcoin miners has increased our overall processing power at the BlockLABS cluster to 30 Petahash/second ("PH/s"). We recently over-clocked our miners in Canada on the S19J Pro (104 Terahash/s) machines by around 10% across the board and are now increasing the over-clocking even further by pushing the machines from 50MHz to 75Mhz per unit. This should hopefully see us at the 33-35 PH/s hash rate."
"The Company intends to order additional S21s for the Labrador fleet and the Company will make a further release in due course when the units are placed on order. We are also assessing the timing for placing our first orders for the "soon to be released" 240 TH/s S21 Pro miners which are scheduled for global supply in Q3 this year."
"I'd also like to advise shareholders that I'm in New York this week with a full schedule of meetings with investment bankers, advisers and Investor Relations groups as part of the OTC Markets Blockchain & Digital Assets Virtual Conference on the 25 April. Vinanz is dual traded on the OTC QB (ticker:VINZF). The Company will now also be presenting at the Planet MicroCap Showcase Conference in Las Vegas next week."
About Vinanz
Vinanz is listed on the London Aquis markets and 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. 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 [email protected]
Jeremy Edelman [email protected]
First Sentinel (Corporate Adviser and Broker)
Brian Stockbridge [email protected]
+44 (0) 20 3855 5551
Clear Capital Markets (Broker)
Bob Roberts [email protected]
+44 (0) 20 3869 6080