BitNile Holdings, Inc, a Bitcoin mining firm based in Las Vegas, has published a report on its Bitcoin production and miner installation. During the month of January 2022, BitNile stated that it mined 27.19 Bitcoin. To date, the firm revealed that it had mined a total of 74.98 Bitcoin. Based on the report, the number of mining machines and production capacity metrics is from S19j Pro Antminers at BitNile’s Michigan data center.
BitNile bought 2,185 S19j Pro Antminers in January.
BitNile bought 2,185 S19j Pro Antminers last month to support its current 1,860 active miners to help generate a combined processing power of about 189 petahashes per second, the computational power being used to mine Bitcoin. As planned in the past, BitNile said that it completed the sale of the 1,600 S9 Antminers at its Indiana location.
Apart from that, BitNile disclosed that it has entered into purchase agreements with Bitmain, a manufacturer of Bitcoin mining hardware, to buy additional 20,600 Bitcoin miners and 4,600 environmentally friendly S19 XP Antminers.
BitNile expects to achieve a mining production capacity of around 2.24 exahashes per second.
Once all 20,600 miners are completely deployed and operational, BitNile expects to achieve a mining production capacity of around 2.24 exahashes per second. Additionally, BitNile disclosed that its Bitcoin mining production is currently operating at an estimated annualized run rate of 327.26 Bitcoin based on current market conditions, including a mining difficulty of 26.6 trillion.
The announcement by BitNile comes at a time when the profitability of Bitcoin mining has significantly increased. As of October last year, many publicly-listed Bitcoin mining companies in North America have collectively accumulated more than 20,000 BTC, worth over $1.1 billion at prices during that time.