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home / news releases / NILE - BitNile mines 22% higher bitcoin in March estimated annualized run rate higher

NILE - BitNile mines 22% higher bitcoin in March estimated annualized run rate higher

Blue Nile Inc.
BitNile (NYSE:NILE) reported more than double increase in its miner count and now has 4,754 S19j Pro Antminers in its possession, and once installed, will generate a combined processing power of ~500 petahashes/second. During March, BitNile self-mined 31.7 Bitcoin and till date it has self-mined a total of 132.6 bitcoin; in February, it reported self-mined 25.9 Bitcoin. Currently, the company's mining production is operating at an estimated annualized run rate of 398 Bitcoin (compared to 360.99 Bitcoin in prior month) based on current market conditions, including a mining difficulty of 28.59T. Starting March 2022, the company is expected to receive 2.3K miners per month; this is a part of 20.6K bitcoin miners totally ordered from Bitmain Technologies. Post all 20.6K miners are fully deployed and operational, BitNile is expected to achieve mining production capacity of ~2.24 exahashes/second.

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BitNile mines 22% higher bitcoin in March, estimated annualized run rate higher
Stock Information
Company Name: Blue Nile Inc.
Stock Symbol: NILE
Market: NYSE
Website: bluenile.com
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