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BitNile Holdings Announced 60.45 BTC Mined in August

BitNile Holdings, Inc. (NYSE American: NILE) today published an unaudited update on Bitcoin ("BTC") production and miner installation.

Benzinga · 09/14/2022 06:34
BitNile Holdings, Inc. (NYSE:NILE) today published an unaudited update on Bitcoin ("BTC") production and miner installation. The number of miners and production capacity metrics within this press release represent the S19j Pro and S19 XP Antminers at the Michigan data center and the Texas facility hosted by Compute North, LLC. BitNile's BTC mining production is currently operating at an estimated annualized run rate of 787 Bitcoin based on market conditions as of September 9, 2022, including a mining difficulty of 32.05 trillion. Mining and Operation Highlights as of September 9, 2022 were as follows: 60.45 BTC mined in August 2022; 700 of the new S19 XP Antminers have been brought online; Miners in possession increased to 12,669 inclusive of 600 in the hands of our carrier, which once installed, will generate a combined processing power of approximately 1.091 exahashes per second ("EH/s"), the computational power that is being used to mine Bitcoin; 393.6 total BTC mined to date; and 3,920 miners have been installed in racks in the new hosted facility in Texas, and BitNile anticipates having 6,500 miners there online by October 1, 2022. As previously disclosed, BitNile has entered into purchase agreements with Bitmain Technologies Limited ("Bitmain") for a total of 21,925 Bitcoin miners, including 4,600 environmentally friendly S19 XP Antminers that feature a processing power of 140 terahashes per second ("TH/s") and 17,325 S19j Pro Antminers that feature a processing power of 100 TH/s. Once all of the miners are fully deployed and operational, BitNile expects to achieve a mining production capacity of approximately 2.3725 EH/s.