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NILE - BitNile Holdings: Bitcoin Miner Facing Crypto Market Headwinds
Blue Nile Inc.
BitNile's quest to becoming one of the largest publicly traded Bitcoin miners in the US may be hampered by its financial distress.
BitNile's goal will be to achieve a mining production capacity of approximately 2.24 exahashes per second in the long run after buying 20,600 Bitcoin miners.
To cover for the cash used in operating activities, BitNile will need to raise money as soon as June 2022.