BitNile Holdings Purchases 1,140 S19 XP Hydro Antminers Featuring Water Cooling and a Maximum Hashrate of 255 TH/s, the Latest Innovation from Bitmain
BitNile Holdings (AMEX: NILE) has announced the acquisition of 1,140 S19 XP Hydro Antminers along with 6 customized power containers from Bitmain. The new Antminers promise a maximum hashrate of 255 TH/s at 5304W. Deliveries are set to begin in July 2023, with expectations to achieve a total of 23,065 mining units operational by year-end, enhancing the company’s production capacity to approximately 2.67 exahashes per second. Despite ongoing volatility in the crypto market, BitNile remains committed to expanding its Bitcoin mining operations.
- Acquisition of 1,140 S19 XP Hydro Antminers may significantly boost mining capacity.
- Projected operational capacity of approximately 2.67 exahashes per second by end of 2023.
- Commitment to growth in Bitcoin mining operations despite market volatility.
- Reliance on future delivery and installation of miners, which may be subject to delays.
- The company's growth plans are contingent on Bitcoin market price and mining difficulty fluctuations.
BitNile Acquires 6 Customized Power Containers from Bitmain to House Bitcoin Antminers
The Company will update the market on production performance once the new Antminers have been delivered and installed.
Milton “Todd” Ault, III, the Company’s Executive Chairman, stated, “Despite the market having experienced tremendous volatility over these past many months and, more recently, failures and bankruptcies that have spawned a crypto downturn and lack of faith by some in the future of crypto, we remain committed to our strong favorable outlook with respect to Bitcoin, in our investment in the
The Company noted that it anticipates by the end of 2023, a total number of 23,065 mining units will be operating.
As previously disclosed,
The Company notes that all estimates and other projections are subject to the actual delivery and installation of Bitcoin miners, the volatility in Bitcoin market price, the fluctuation in the mining difficulty level, and other factors that may impact the results of production or operations.
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This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the
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BitNile Holdings Investor Contact:
IR@BitNile.com or 1-888-753-2235
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