David Lenigas, a prominent AIM promoter and mining engineer, has announced his plans to float Bitcoin mining company Vinanz Limited on the Aquis Stock Exchange.
The BVI-registered company intends to establish a complete Bitcoin mining business, starting with the installation of Bitcoin miners in multiple decentralized data facilities across the US and Canada, via third-party cryptocurrency mining providers such as Compass Mining.
Vinanz will also explore mineable cryptocurrencies and consider operations in the DeFi and Big Data sectors in the future. Upon admission to AQSE, Vinanz will acquire the mining operations of AQSE-listed Valereum plc, including 20 Bitcoin mining machines and roughly 4.76 bitcoins.
The company plans to go public on April 21 and will be advised by First Sentinel Corporate Finance Limited. Lenigas, who will serve as executive chairman, and Jeremy Edelman, the proposed financial director, both hold a 31.25% pre-admission stake in Vinanz.
