30 January 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")
(LSE: BTC in London
and US OTCQB: VINZF)
New Bitcoin Miners for
Nebraska Ops and US Government Crypto Changes
London, New
York, January 30, 2025, Vinanz Limited; the London Stock Exchange Main Board listed Bitcoin mining
company with US and Canadian Bitcoin mining
operations, is pleased to announce it has
acquired its first Whatsminer M50S++ Bitcoin miners for its
Nebraska Bitcoin mining fleet, increasing its overall inventory
with Basic Mining to 120 miners with plans to add more miners there
in the coming months.
Vinanz has just added 20 new
Whatsminer M50S++ miners to Nebraska and at 158 TH/s each, adding a
name-plated 3.16 PH/s hashing to our wallet.
Basic Mining, our host in Nebraska
has advised us that these miners at 158 TH/s, operating at 22 J/T
efficiency, have a breakeven price of $62,480 per Bitcoin and a
breakeven hash price of $33.85/PH. Also, at a Bitcoin price of
$102,881, the operating margin is estimated at 39%. Our power price
in Nebraska is US$0.065 and these miners will consume an additional
69.52 KW of electricity.
Vinanz continues its push ahead with
expanding its Bitcoin mining operations in the USA and Canada,
since its recent London Stock Exchange Main Market listing, where
it currently has a fleet of Bitcoin miners operating
in third-party hosting facilities in Nebraska, Indiana, Iowa in the
USA and in Labrador (Canada).
Vinanz plans to expand its USA and Canadian
footprint of Bitcoin miner networks into new States in the US and
with new hosting groups throughout 2025, as opportunities
arise.
There were also a number of Presidential
Executive Orders announced by President Trump last week that are
seen to be potentially beneficial for Vinanz with respect to its
Bitcoin holding and its Bitcoin mining operations in the
USA.
On January 23, 2025, President Trump signed an
Executive Order (EO) titled "Strengthening American Leadership in Digital
Financial Technology." The order aims to establish the
United States as a global leader in blockchain innovation while
reducing regulatory uncertainty for the crypto industry.
Also, on January 23, 2025, the US SEC repealed
SAB 121, removing the requirement and opening the door for
traditional financial institutions to act as custodians of digital
assets without the added balance sheet complexity and cost. Banks
and financial institutions are now able to provide custody services
for crypto assets. The repeal reduces concentration risk and
fosters easier crypto adoption in the U.S.
David Lenigas,
Chairman of Vinanz, commented:
"The political acceptability landscape for
Bitcoin in the USA has changed with the positive Executive Orders
announced by President Trump last week. The 23 January
crypto executive order marks a real sea change in
US digital asset policy. By taking a whole-of-government approach
to crypto, the US Administration is making a significant first step
toward writing clear, consistent rules of the road and enhancing
the road ahead for Bitcoin participants like Vinanz. I'm hopeful
that these US Government initiatives will spread beyond the US
boundaries and Bitcoin becomes more mainstream as a globally
acceptable digital current and asset class."
"Rolling out Vinanz's Bitcoin mining
fleet, post our recent move to the LSE, is a priority for us and
I'm pleased to announce another expansion to our Nebraskan miner
fleet. Keeping in line with diversification of miner types and
locations, we have added these Whatsminer M50S++ miners into our
fleet. At a Bitcoin breakeven price of around $62,480, these were
chosen to meet the needs to stay up to date with new technology
that can last up to and through the next halving which is expected
to be in about 3 years' time. We aim to always add miners to the
fleet that operate significantly below the Bitcoin breakeven price
with the view that a continued rising Bitcoin price environment
leads to highly attractive operating margins in the
future.
Vinanz is still working with Basic
Mining on timing for the possible deployment of the 390 TH
Whatsminer M63 Hydro miners as we announced on the 15 January 2025,
and we will update the market when further news is
available."
"Vinanz's prime mission is to build a
substantial Bitcoin holding through building up and continuously
modernising its North American Bitcoin mining fleet for a future
where we anticipate seeing a Bitcoin price far in excess of what we
see today. We look forward to updating shareholders as we expand
our miner network through 2025."
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)
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
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).
