×
News Home

BitNile Holdings (NILE) Updates Bitcoin Production Numbers; Firm Now Averaging More than One Bitcoin Per Day

Monday, February 14, 2022 09:27 AM | Carl Pettit
BitNile Holdings (NILE) Updates Bitcoin Production Numbers; Firm Now Averaging More than One Bitcoin Per Day

BitNile Holdings (NILE) updated its Bitcoin production activity today, Feb. 14. According to the firm, it is now mining more than one Bitcoin per day. NILE shares dropped 2.17% just before this morning's opening bell.

Michigan Data Center Miners

The recent installation of S19j Pro Antminers inside the firm’s Michigan data center has helped BitNile Holdings up its daily mining production to more than one Bitcoin per day. “Bitcoin mining production is currently operating at an estimated annualized run rate of 367.34 Bitcoin-based on current market conditions, including a mining difficulty of 26.7 trillion.”

Executive Chairman Comments: Digital Mining Growth

“We are pleased that the BitNile team continues to deliver on the goal of timely installation of new Bitcoin miners as they arrive at our Michigan data center,” Executive Chairman, Milton “Todd” Ault, III remarked. “The plan to grow our Bitcoin mining operations is clear, and it is rewarding to see the team achieve key milestones along the way.”

20,000 + Mining Machine Ordered

BitNilealready announced that it has signed an agreement to order 20,600 Bitcoin miners. The order is made up of 4,600 “environmentally friendly” S19 XP Antminers with 140 terahashes per second (“TH/s”) of processing power, plus 16,000 S19j Pro Antminers with 100 TH/s of processing power.

You May Also Like

Get the InvestorsObserver App

InvestorsObserver App
iOS App Android App