BitNile provides update on Bitcoin mining operations

BitNile Holdings (NILE) published an unaudited update on Bitcoin (BTC) production and miner installation. BitNile’s Bitcoin mining production is currently operating at an estimated annualized run rate of 1,249.4 Bitcoin based on current market conditions, including a mining difficulty of 36.95 trillion. BitNile has increased the number of miners in possession to 20,441 S19j Pro and XP Antminers, which will generate a combined processing power of approximately 2.21 exahashes per second, the computational power that is being used to mine Bitcoin. During November 2022, BitNile received 92.2 Bitcoin as a result of its miners providing computing power to a mining pool operator, and to date, BitNile has received a total of 613.8 Bitcoin. Once all of the miners are fully deployed and operational, BitNile expects to achieve a mining production capacity of approximately 2.66 EH/s.