On Dec. 1, Ault Global Holdings’ (DPW) subsidiary BitNile released its unaudited bimonthly Bitcoin production and mining operation report.
As of 09:51 am EST today, DPW stock slipped 0.56% in price.
Bitcoin Mining Production
BitNile reported that its Bitcoin mining production is “currently operating at an estimated annualized run rate of 287.6 Bitcoin or approximately $16.6 million based on a market value of Bitcoin of $57,800, and current market conditions, including a mining difficulty level of 22.3 trillion.”
Michigan Data Center and Indiana Location
For the second half of November 2021, BitNile did not install any additional Bitcoin miners. Active miners for the Michigan data center include 1,292 S19j Pro and eight S9 Antminers, generating around129.12 PH/s, representing an increase from 120.6 PH/s “reported in mid-November 2021.”
For the company’s Indiana location, its active miners included 1,600 S9 Antminers, generating roughly 10.23 PH/s, which is an “increase from 7.68 PH/s reported in mid-November 2021.” 1 PH/s — or one peta hash — clocks in at is 1,000,000,000,000,000 (one quadrillion) hashes per second.
Executive Chairman’s Remarks
“We are pleased to report the number of installed Antminers purchased from Bitmain and look forward to the next tranche of 300 S19j Pro Antminers to be delivered later this month,” Milton “Todd” Ault, III, Executive Chairman, remarked in a press release. “We are also pleased with the steady progression in bitcoin mining production and revenues to date. We expect increasing contributions from BitNile to our topline revenues and bottom-line results.”
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Ault Global Holdings Inc is a diversified holding company owning subsidiaries engaged in commercial and defense solutions, commercial lending and advanced textile technology. It is a solution-driven organization that designed, developed, manufactured and sold high-grade customized and flexible power system solutions for the medical, military, telecom and industrial markets. It also focuses on high-grade and custom product designs for the commercial, medical and military/defense markets, where customers demand high density, high efficiency and ruggedized products to meet the harshest and/or military mission critical operating conditions. Its segments include GWW, Coolisys, and Ault Alliance.
