Business
100 Miners Added to Vinanz’s Canadian Fleet
100 Miners Added to Vinanz’s Canadian Fleet.
About this update from London Btc Company Limited
[{"type":"text","content":"\n\n20 August 2024\n \n \nVinanz Limited\n \n100 Bitcoin Miners Added to Vinanz's Canadian Fleet\n \n \nLondon, New York, August 20, 2024, Vinanz Limited (US OTCQB: VINZF and AQSE: BTC in London) (\"Vinanz\" or \"the Company\"), the publicly listed Bitcoin mining company with US and Canadian Bitcoin mining operations, is pleased to announce that it has now added 100 Bitmain Antminer S19J Pro ASIC Bitcoin miners to its Canadian fleet at BlockLAB's facilities in Labrador.\n \nThese miners have, as of today added, another 9.8 Petahash (PH) to Vinanz's wallet and increases our Canadian Bitcoin mining fleet to 380 miners.\n \nOur power consumption at BlockLABs has increased to around 1.1 Megawatts and drops our overall power price down to Canadian $0.075 (US$0.055) per kWhr.\n \nVinanz has Bitcoin operations in Nebraska, Indiana and Iowa in the USA and in Labrador in north-east Canada.\n \nDavid Lenigas, Vinanz's Chairman, commented; \"This is a big step-up for our Canadian mining fleet. It also kicks us to over 1 megawatt of power and moves as into a lower power cost band with our host and drops our electricity price to a very competitive US 5.5 cents per kWhr.\"\n \nAbout Vinanz Limited\n \nVinanz's primary listing is in London (United Kingdom) on the Aquis Exchange under the ticker BTC and trades in the USA on the US OTCQB under the ticker VINZF. Vinanz is a British Virgin Island (BVI) domiciled company that 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. Currently, Vinanz operates Bitcoin miners in Texas, Indiana, Iowa and Nebraska in the USA and in Labrador (Canada). Whilst the Company will focus initially on BTC mining, it will also consider the mining of other cryptocurrencies, and operations in the DeFi, AI and Big Data space in the future.\n \nThe directors of Vinanz Limited accept responsibility for this announcement.\n \nCONTACTS:\n \nFor further information please contact:\n \nVinanz Limited\nDavid Lenigas  ...