NILE - BitNile invested $111M in building and mining infrastructure till date

BitNile (NYSE:NILE) announced that it till date it has invested ~$111M in building and mining infrastructure at its Michigan data center and Bitcoin miners from Bitmain Technologies. The company stated that installations and deliveries are on track with ~2.2K installed S19j Pro Antminers and 300 additional S19j Pro Antminers scheduled to be delivered tomorrow for immediate installation. At the end of March 2022, the company expects to take receipt of ~2.3K S19j Pro Antminers, which would bring the company’s installed and active S19j Pro Antminers miners to ~4.8K, that, once installed, are expected to produce more than two Bitcoin per day based on current market conditions, including a mining level of 27.55T. BitNile has entered into purchase agreements with Bitmain for 20.6K bitcoin miners, including 4.6K environmentally friendly S19 XP Antminers that feature a processing power of 140 TH/s and 16K S19j Pro Antminers that feature a processing power of 100 TH/s.

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BitNile invested $111M in building and mining infrastructure till date