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Vinanz Limited (AQSE: BTC) listed on the US OTCQB and the AQSE in London, has expanded its Bitcoin mining operations in Iowa. Since initiating its presence in the state in June with the installation of 20 Bitmain Antminer S19J Pro+ 120 Terahash (TH) Bitcoin miners at Mining Store's facility in St. Anthony, the company has significantly increased its mining capacity. The initial order of 40 additional 120TH miners has been fulfilled, and another 20 units have been added, bringing the total number of miners in Iowa to 80.
Current Operational Status
As of the latest update, Mining Store reports that 75 of the 80 installed miners are operational at the St. Anthony site. These miners have achieved a combined hash rate of approximately 8.57 Petahash (PH) over the past 24 hours. The team at Mining Store continues to work on bringing the remaining five miners online.
Company’s Strategic Outlook
David Lenigas, Chairman of Vinanz, noted that the Iowa operation has performed well since its launch. The company has increased its Bitcoin mining fleet in the state fourfold within just two months. Vinanz is pleased with Iowa as a location for its mining operations and has expressed satisfaction with Mining Store’s support. Plans are in place to continue expanding the operation in Iowa over the coming year.
Overview of Vinanz Limited
Vinanz Limited is headquartered in the British Virgin Islands (BVI) and is publicly traded on the Aquis Exchange in London under the ticker BTC and on the US OTCQB under VINZF. The company focuses on establishing Bitcoin mining clusters across various facilities in the US and Canada through partnerships with third-party mining providers. Current operations are located in Labrador (Canada), and Indiana, Iowa, and Nebraska in the US. While Vinanz is currently concentrated on Bitcoin mining, it is open to exploring mining for other cryptocurrencies and potential ventures in decentralized finance (DeFi), artificial intelligence (AI), and big data in the future.
