Seeking Alpha
2022-09-07 10:45:01

BitNile to acquire additional bitcoin miners from Bitmain

BitNile (NYSE:NILE) subsidiary entered into a contract to acquire 1,325 additional S19j Pro Antminers, with a processing power of 100 TH/s, from Bitmain TechnologiesThe purchase is in addition to the previously disclosed agreements with Bitmain for 20,600 Bitcoin miners, including 4,600 S19 XP Antminers with 140 TH/s processing power and 16,000 S19j Pro Antminers with 100 TH/s processing power.With this new contract, BitNile, Inc. has agreed to purchase a total of 21,925 Bitcoin (BTC-USD) miners.NILE shares are down 3% pre-marketOn Tuesday, BitNile stocks rose on TurnOnGreen divestiture

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