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BitNile reports March production 102 bitcoins
The Fly

BitNile reports March production 102 bitcoins

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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