Vinanz Limited - Bitcoin Mining Processing Power Increases 650%
Announcement provided by
Vinanz Limited · BTC28/04/2023 07:00
28 April 2023
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")
Bitcoin Mining Processing Power Increases 650% with New BTC Miner Order
Installation -
Vinanz Limited (AQSE: BTC), the
This expansion increases the number of Bitcoin ASIC miners from 20 to 120 and increases Vinanz's combined Terrahash processing power in
The 100 new Bitmain Antminer S19J Pro (104 TH/s) ASIC miners have been ordered from a
The contracted cost to acquire the 100 new ASIC miners is USD
David Lenigas, Vinanz's Executive Chairman, said:
"Our goal is to build out a highly decentralised cluster of Bitcoin miners in the
"Vinanz is focused on maximising its BTC mining operations as the next Bitcoin halving, expected to take place in April 2024, approaches. To date, over 19 million (or over 92% of all BTC possible) has already been created. The rate at which new Bitcoin is created decreases by half every 210,000 blocks mined, or roughly every four years until all 21 million Bitcoin have been mined. Historically, data suggests that BTC has hit new highs post the last three halvings and Vinanz aims to be strategically positioned as the number of Bitcoins mined increases towards that magic 21 million."
About Vinanz
Vinanz is listed on the London Aquis markets and aims to build out a fully-fledged Bitcoin mining company initially focusing on installing clusters of Bitcoin miners within multiple facilities throughout the US and
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 3989 2222
Clear Capital Markets (Broker)
Bob Roberts bobroberts@clear-cm.co.uk
+44 (0) 20 3869 6080
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