NILE - BitNile expects mining production rate of 4.7 BTC/day by September end

• By the end of Sep 2022, BitNile ( NYSE: NILE ) expects to have 7,500 miners installed at its Michigan data center and 6,500 miners installed at its hosted Texas facility.
• Based on expected installations of S19j Pro and S19 XP Antminers, the average daily bitcoin mining production is likely to increase to ~4.7 Bitcoin/day by the end of the month and nearly double to ~9.33 Bitcoin/day by the end of Dec 2022.
• As previously disclosed, BitNile ( NILE ) has executed a deal with Bitmain Technologies to purchase 21,925 Bitcoin miners, including 4,600 S19 XP Antminers with a processing power of 140 terahashes per second and 17,325 S19j Pro Antminers with a processing power of 100 TH/s.
• Once all of the miners are fully deployed and operational, the company's mining production capacity will reach ~2.3725 exahashes per second.
• NILE shares are down ~4% pre-market

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