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On February 25, 2025, Vinanz Limited expanded its Bitcoin mining fleet in Indiana from 20 to 120 operational miners by acquiring 100 Bitmain Antminer S19J Pro miners, 2-3 months ahead of schedule. This action resulted in an immediate reduction of power costs for all its miners hosted by Megawatt in Indiana from US$0.08 to US$0.07 per kWh. Vinanz also announced the future installation of 20 Auradine AT2880 miners, first reported on February 19, 2025, which is expected to bring its Indiana hashing capacity to approximately 16.4 Petahash (PH/s).
| Date | 25 Feb 2025 |
| Time | 07:00:02 |
| Category | Corporate updates |
| ID | 2464Y |
25 February 2025
THIS ANNOUNCEMENT IS MADE FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE SHARES IN VINANZ LIMITED IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.
Vinanz Limited
("Vinanz" or "the Company")
(BTC:LN in London and VINZF:US)
Bitcoin Miner Expansion for Vinanz in Indiana USA
London, New York, February 25, 2025, Vinanz Limited, the London Stock Exchange listed Bitcoin mining company with Bitcoin miners operating in the USA (Indiana, Nebraska, Iowa and Texas) and Canadian (Labrador), announces that it has today fast tracked its expansion plans (as announced last week) for Indiana USA and immediately increased its Bitcoin mining fleet there from 20 to 120 operational miners, which is 2-3 months ahead of schedule, by acquiring 100 already hashing Bitmain Antminer S19J Pro miners.
This resultant effect of the increased number of miners sees an immediate reduction in our power costs across all our miners hosted by Megawatt (www.megawatthq.com) in Indiana from US$0.08 to US$0.07 per kWh.
The total number of miners installed in Indiana will increase further in the coming weeks when the first 20 "Made in America" Auradine AT2880 (220 TH) miners arrive, as announced on 19 February 2025.
Vinanz is expected to have a hashing capacity of around 16.4 Petahash (PH/s) once the Auradine AT2880s are installed and operational at its Indiana location in the coming weeks.
Vinanz is planning further expansions in Indiana with Megawatt later this year as situations allow and also expand further into our existing third-party hosting partners based in Iowa, Nebraska, Texas and Canada.
David Lenigas, Chairman of Vinanz, commented:
"Our Indiana host Megawatt advised us last week that they had 100 SJ19 Pro miners available for us that were already installed and hashing and we took the opportunity to accelerate our plans to increase our mining fleet there which, most importantly, helps us lower power costs across our entire fleet in Indiana. We are bullish on the Bitcoin price this year and our mission is to expand our fleet as much as possible in the USA as and when opportunities arise."
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)
Brian Stockbridge [email protected]
+44 (0) 20 3855 5551
Clear Capital Markets (Broker)
Bob Roberts [email protected]
+44 (0) 20 3869 6080
About Vinanz Limited
Vinanz's primary listing is in London (United Kingdom) on the London Stock Exchange under the ticker "BTC" and trades in the USA on the US OTCQB under the ticker "VINZF". Vinanz is building up a strategic Bitcoin holding by building a Bitcoin mining company installing miners within hosting facilities throughout the USA and Canada through third-party cryptocurrency mining providers. Currently, Vinanz operates Bitcoin miners in Indiana, Iowa, Nebraska and Texas in the USA and in Labrador (Canada).