Miners in operation embody 700 of the environmentally pleasant S19 XP antminers

LAS VEGAS, September 14, 2022–(BUSINESS WIRE)–BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding firm (“BitNile” or the “Firm“) right now revealed an unaudited replace on Bitcoin (“BTC“) manufacturing and miner set up. The variety of miners and manufacturing capability metrics inside this press launch signify the S19j Professional and S19 XP Antminers on the Michigan knowledge heart and the Texas facility hosted by Compute North, LLC.

BitNile’s BTC mining manufacturing is presently working at an estimated annualized run charge of 787 Bitcoin primarily based on market circumstances as of September 9, 2022, together with a mining issue of 32.05 trillion.

Mining and Operation Highlights as of September 9, 2022 have been as follows:

  • 60.45 BTC mined in August 2022;

  • 700 of the brand new S19 XP Antminers have been introduced on-line;

  • Miners in possession elevated to 12,669 inclusive of 600 within the arms of our service, which as soon as put in, will generate a mixed processing energy of roughly 1.091 exahashes per second (“EH/s“), the computational energy that’s getting used to mine Bitcoin;

  • 393.6 whole BTC mined so far; and

  • 3,920 miners have been put in in racks within the new hosted facility in Texas, and BitNile anticipates having 6,500 miners there on-line by October 1, 2022.

As beforehand disclosed, BitNile has entered into buy agreements with Bitmain Applied sciences Restricted (“Bitmain“) for a complete of 21,925 Bitcoin miners, together with 4,600 environmentally pleasant S19 XP Antminers that function a processing energy of 140 terahashes per second (“TH/s“) and 17,325 S19j Professional Antminers that function a processing energy of 100 TH/s. As soon as the entire miners are absolutely deployed and operational, BitNile expects to attain a mining manufacturing capability of roughly 2.3725 EH/s.

Milton “Todd” Ault, III, the Firm’s Government Chairman, acknowledged, “We kicked off our growth of BTC mining in November 2021 once we introduced buy agreements with Bitmain on the World Digital Mining Summit 2021 held in Dubai. I’m happy to see the progress the crew has made in increase our mining functionality. We’re excited that we’ve began to obtain the XP miners which are environmentally pleasant due to their decreased energy utilization.”

The Firm notes that every one estimates and different projections are topic to the precise supply and set up of Bitcoin miners, the volatility in Bitcoin market worth, the fluctuation within the mining issue degree, and different elements which will influence the outcomes of manufacturing or operations. Miners in possession doesn’t embody 2,004 S19j Professional Antminers which are presently held by U.S. Customs and Border Patrol pending completion of a assessment and audit, which BitNile is working expeditiously to finish. BitNile presently holds roughly 92.5 BTC. The Firm anticipates delivering the subsequent month-to-month mining replace on or round November 1, 2022.

For extra data on BitNile and its subsidiaries, BitNile recommends that stockholders, buyers, and every other events learn BitNile’s public filings and press releases out there beneath the Investor Relations part at www.BitNile.com or out there at www.sec.gov.

About BitNile Holdings, Inc.

BitNile Holdings, Inc. is a diversified holding firm pursuing development by buying undervalued companies and disruptive applied sciences with a worldwide influence. By means of its wholly and majority-owned subsidiaries and strategic investments, BitNile owns and operates a knowledge heart at which it mines Bitcoin and supplies mission-critical merchandise that assist a various vary of industries, together with oil exploration, protection/aerospace, industrial, automotive, medical/biopharma, karaoke audio tools, lodge operations and textiles. As well as, BitNile extends credit score to pick entrepreneurial companies by means of a licensed lending subsidiary. BitNile’s headquarters are situated at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.BitNile.com.

Ahead-Wanting Statements

This press launch incorporates “forward-looking statements” throughout the which means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Alternate Act of 1934, as amended. These forward-looking statements typically embody statements which are predictive in nature and rely on or confer with future occasions or circumstances, and embody phrases resembling “believes,” “plans,” “anticipates,” “tasks,” “estimates,” “expects,” “intends,” “technique,” “future,” “alternative,” “might,” “will,” “ought to,” “may,” “potential,” or related expressions. Statements that aren’t historic details are forward-looking statements. Ahead-looking statements are primarily based on present beliefs and assumptions which are topic to dangers and uncertainties. Ahead-looking statements communicate solely as of the date they’re made, and the Firm undertakes no obligation to replace any of them publicly in mild of recent data or future occasions. Precise outcomes may differ materially from these contained in any forward-looking assertion because of varied elements. Extra data, together with potential threat elements, that would have an effect on the Firm’s enterprise and monetary outcomes are included within the Firm’s filings with the U.S. Securities and Alternate Fee, together with, however not restricted to, the Firm’s Varieties 10-Ok, 10-Q and 8-Ok. All filings can be found at www.sec.gov and on the Firm’s web site at www.BitNile.com.

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BitNile Holdings Investor Contact:
IR@BitNile.com or 1-888-753-2235

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