BitNile Holdings’ Subsidiary BitNile Purchases 1,325 Additional S19j Pro Antminers From Bitmain
September 07 2022 - 06:30AM
Business Wire
BitNile Holdings, Inc. (NYSE American: NILE), a diversified
holding company (“BitNile” or the “Company”)
announced today that its subsidiary, BitNile, Inc. (“BNI”),
has entered into a contract with Bitmain Technologies Limited
(“Bitmain”), to purchase an additional 1,325 S19j Pro
Antminers that feature a processing power of 100 TH/s. With this
new contract, BNI has agreed to purchase a total of 21,925 Bitcoin
miners.
The purchase of the 1,325 S19j Pro Antminers announced today is
in addition to the previously disclosed purchase agreements with
Bitmain for 20,600 Bitcoin miners, including 4,600 environmentally
friendly S19 XP Antminers that feature a processing power of 140
terahashes per second (“TH/s”) and 16,000 S19j Pro Antminers
that feature a processing power of 100 TH/s.
The Company’s Founder and Executive Chairman, Milton “Todd”
Ault, III stated, “I believe the long-term outlook for Bitcoin is
positive and am pleased to be in a position to invest in additional
Bitcoin mining equipment to expand our cryptocurrency mining
operations.”
For more information on BitNile and its subsidiaries, BitNile
recommends that stockholders, investors, and any other interested
parties read BitNile’s public filings and press releases available
under the Investor Relations section at www.BitNile.com or
available at www.sec.gov.
About BitNile Holdings, Inc.
BitNile Holdings, Inc. is a diversified holding company pursuing
growth by acquiring undervalued businesses and disruptive
technologies with a global impact. Through its wholly and
majority-owned subsidiaries and strategic investments, BitNile owns
and operates a data center at which it mines Bitcoin and provides
mission-critical products that support a diverse range of
industries, including oil exploration, defense/aerospace,
industrial, automotive, medical/biopharma, karaoke audio equipment,
hotel operations and textiles. In addition, BitNile extends credit
to select entrepreneurial businesses through a licensed lending
subsidiary. BitNile’s headquarters are located at 11411 Southern
Highlands Parkway, Suite 240, Las Vegas, NV 89141;
www.BitNile.com.
Forward-Looking Statements
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 U.S. Securities and Exchange Commission,
including, but not limited to, the Company’s Forms 10-K, 10-Q and
8-K. All filings are available at www.sec.gov and on the Company’s
website at www.BitNile.com.
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BitNile Holdings Investor Contact: IR@BitNile.com or
1-888-753-2235
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