The video features an interview with David Lenas, Chairman of Vinanz PLC, discussing the company’s recent performance and future plans in Bitcoin mining.
Vinanz reported a profit from their Bitcoin mining operations during the recent interim period. The company is expanding its mining operations into new regions and increasing its fleet of miners. Vinanz is strategically positioning itself for potential significant increases in Bitcoin prices and mining profitability.
Key points from the interview include:
- Profitability and Expansion:
- Vinanz reported a profit from its Bitcoin mining operations in Canada and Nebraska.
- The company is expanding its mining operations, including launching new sites in Iowa and exploring additional locations in Indiana, Florida, and Michigan.
- Impact of Bitcoin Halving:
- The recent Bitcoin halving has reduced the number of Bitcoins mined daily, affecting revenues while operational costs remain constant.
- Despite this, Vinanz is positioning itself for significant profitability with expected future increases in Bitcoin prices.
- Mining Fleet and Technology:
- Vinanz is using cost-effective SJ19 Pro Plus miners and has trialed the latest S21 miners in Canada.
- The company aims to increase its fleet to thousands of miners by the end of the year, focusing on decentralized deployment across multiple states in the USA.
- Energy Costs and Flexibility:
- Energy contracts are fixed for different durations depending on the location, providing cost stability.
- The transportability of Bitcoin miners allows the company to relocate operations if necessary.
- Future Outlook:
- Lenas is optimistic about Bitcoin’s price potential, predicting a significant rise in value in the next halving cycle.
- He envisions Vinanz becoming a substantial player in the Bitcoin mining industry, capitalizing on rising Bitcoin prices and efficient operations.
About Vinanz Limited
Vinanz’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 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. 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 directors of Vinanz Limited accept responsibility for this announcement.
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.
CONTACTS:
For further information please contact:
Vinanz Limited
David Lenigas david@vinanz.co.uk
Jeremy Edelman jeremy@vinanz.co.uk
