Ault Alliance’s wholly owned subsidiary, BitNile, has received 20,645 Antminers, fulfilling the first five of seven contracts with Bitmain Technologies including 4,628 environmentally friendly S19 XP Antminers that feature a processing power of 140 terahashes per second and 16,017 S19j Pro Antminers that feature a processing power of 100 TH/s. The 20,645 Antminers in possession, once installed and energized, will generate a combined processing power of approximately 2.25 exahashes per second and generate an expected annualized revenue run rate of approximately $60M, based on current market conditions, including a mining difficulty of 37.59 trillion. Beyond the first five contracts with Bitmain, it has two more purchase agreements for an additional 1,325 S19j Pro Antminers estimated to be delivered over 1Q23 and 1,140 S19 XP Hydro Antminers anticipated to be delivered during the summer of 2023. Once all of the miners are fully deployed and operational, BitNile expects to achieve a mining production capacity of approximately 2.67 EH/s, which will generate an expected annualized revenue run rate of approximately $72M, based on current market conditions.
Published first on TheFly
