BitNile Holdings Issues Bitcoin Production and Mining Operation Report
BitNile Holdings, Inc. (NILE)
US:NASDAQ Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=177247&p=irol-sec_pf
Company Research
Source: Business Wire
LAS VEGAS--(BUSINESS WIRE)--BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”) today published an unaudited update on Bitcoin production and miner installation. BitNile plans to focus its mining efforts at the Michigan data center and intends to sell the 1,600 S9 Antminers at the Indiana location. The number of miners and production capacity metrics within this press release represent the S19j Pro Antminers at the Michigan data center. BitNile’s Bitcoin mining production is currently operating at an estimated annualized run rate of 322 Bitcoin or approximately $16.1 million based on a market value of Bitcoin of $50,000, and current market conditions, including a mining difficulty level of 24.3 trillion.BitNile has received 1,885 S19j Pro Antminers with 1,705 active and energized miners generating approximately 170.5 PH/s. For the fourth quarter, in total, BitNile has self-mined 53.7 Bitcoin. BitNile will no longer provide a bim
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