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
david@vinanz.co.uk
Jeremy
Edelman
jeremy@vinanz.co.uk
First Sentinel (Corporate Adviser and
Broker)
Brian
Stockbridge
brian@first-sentinel.com
+44 (0) 20 3855 5551
Clear Capital Markets (Broker)
Bob
Roberts
bobroberts@clear-cm.co.uk
+44 (0) 20 3869 6080
