Following successful operations in Nebraska, Canada, and Iowa, the company aims to rapidly grow its network by leveraging strategic partnerships and securing low electricity costs. Vinanz plans to install 100 Bitcoin miners in Indiana and is actively exploring further expansion into additional U.S. states to ensure profitability.
Vinanz has today collaborated with Indiana Bitcoin hosting specialists Megawatt (www.megawatthq.com) and has acquired an initial 20 Bitmain Antminer SJ19 Pro Bitcoin miners, from Megawatt’s existing operational miners. This Bitcoin miner acquisition is the newest US State for Vinanz expanding its Bitcoin Nexus with a new Indiana cluster, as part of its North American diversification and decentralization expansion strategy. These miners are based in Megawatt’s hosting center in Alexandria, Indiana.
These initial miners are already online and hashing an immediate 2.15 Petahash/second (PHs) to Vinanz’s Luxor pool.
Megawatt is nearing completion of their newest hosting centre near Brownsburg in Indiana and Vinanz is planning on expanding its Indiana Bitcoin mining fleet into this new site as soon as it is operational. Vinanz is looking to increase its Indiana cluster to 100 miners and ultimately increase its miners with Megawatt to around 300 units over time. Megawatt are hoping to have their new Brownsburg site operational in around 4 to 6 weeks.
David Lenigas, Vinanz’s Chairman, commented; “The word “Nexus” means a connection of things that are part of a chain of causation and that is exactly what Indiana is for Vinanz – Indiana is the next important connection to Vinanz’s network of decentralized clusters of Bitcoin miners in North America that all connect to our wallet. Our vision for growth is to expand the Vinanz Bitcoin Nexus network as fast as we can into as many US States as possible and in so doing we are always updating our Bitcoin fleet with up-to-date technology and reducing the inherent risks of having all our miners concentrated in one jurisdiction and/or location.”
