Ault Alliance announced that its wholly owned subsidiary, BitNile, has issued an unaudited update on its Bitcoin mining operations reporting receiving 102 Bitcoin for the month of March, as a result of its miners providing computing power to a mining pool operator. BitNile’s mining operations are currently operating at an estimated annualized gross revenue run rate of over $42M, based on current market conditions, including a current trading price of Bitcoin at $30,000 as of April 10, 2023, and a mining difficulty of 47.89 trillion. BitNile recently successfully completed the installation at a Core Scientific site of approximately 3,000 S19j Pro Antminers that feature a processing power of 100 terahashes per second. BitNile’s operation in Michigan encompasses over 4,600 environmentally friendly S19 XP Antminers that feature a processing power of 140 terahashes per second and over 4,500 S19j Pro Antminers.
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