Vinanz Limited orders first USA-made bitcoin miners from Auradine Inc.

LONDON: Vinanz Limited, a London Stock Exchange Main Board Listed Bitcoin mining company with operations in the U.S. and Canada, has announced its first-ever order of U.S.-made Bitcoin miners, manufactured and supplied by California-based Auradine Inc.

The initial trial order consists of 20 Auradine AT2880 miners (220TH and 17.5 J/TH efficiency) to be installed at the company’s Indiana host facilities in the coming weeks. These miners are expected to have an estimated operating Bitcoin breakeven price of around $53,000, based on the contracted electricity price of 7.5 cents per kWh.

Vinanz Limited, which mines Bitcoin exclusively in North America, with current operations in Nebraska, Iowa, Indiana, Texas, and Goose Bay in Labrador, Canada, emphasizes the importance of buying American-made products when there is a viable and competitive ASIC miner supplier.

Megawatt, the company’s host in Indiana, has praised the performance of the Auradine miners, noting that their operating parameters and costs are comparable to those of Chinese-made miners. With potential U.S. government tariffs on imports, the decision to purchase these high-performance Auradine AT2880s aligns with Vinanz’s strategy.

Vinanz’s previous miners for its U.S. growth plans were sourced from China, including Bitmain, Whatsminer, and Canaan miners.

 Indiana Bitcoin Fleet Expansion Plans

In July 2024, Vinanz announced a trial of its first miners with Megawatt, involving the installation of 20 Bitmain Antminer SJ19 Pro Bitcoin miners. Following the successful trial, Vinanz has signed an agreement with Megawatt to add 20 more miners, alongside the existing ones and the 20 Auradine AT2880s. The company also secured exclusive rights to host an additional 41 miners, potentially increasing the total number of miners at Megawatt’s Indiana location to 101 and reducing the overall power price to $0.07 per kWh.

These new Auradine AT2880 miners, along with another 20 miners to be ordered soon, are expected to bring the overall power price to $0.075 per kWh across the fleet at Megawatt.

 Chairman David Lenigas’s Statement: “We are excited to be buying our first USA-made miners for Vinanz’s expansion plans in North America and Indiana,” said David Lenigas, Chairman of Vinanz. “These energy-efficient miners with a Bitcoin breakeven operating price of around $53,000 will be hashing in the coming weeks. If they perform well, we will consider adding more of these USA-made miners to support the U.S. economy and our businesses.”

Lenigas also commended Megawatt as a hosting partner since the trial in Indiana began in July last year. Vinanz plans to increase its number of miners at Megawatt to over 100 in the coming months, with further expansion expected in Iowa, Nebraska, and Texas throughout the year.