BitNile prepares to connect more than 20,000 mining devices

BitNile, which belongs to Ault Alliance, reported receiving 20,645 new miners from Bitmain. The plan is to grow revenue from $30 million to $60 million with the new equipment.

The large batch of machines includes 4628 S19 XP 140 Th/s, as well as 16017 S19j Pro 100 Th/s. Ault Alliance says the company can count on operational flexibility thanks to its own data center.

In addition to the one announced above, Miner also has agreements with Bitmain to deliver 1,140 XP Hydro units in the summer of 2023. Once all contracts are fulfilled, BitNile’s capacity will grow to 2.67 Eh/s. Projected revenues in this case will reach $72 million per year.

The Ault Alliance Company noted that all forecasts and the prospect of achieving the goals depend on the actual timing of delivery and connection of the equipment.