Ault Alliance, a diversified holding company, today announced operations of its wholly owned subsidiary, BitNile Inc. in Dowagiac (southwest of Kalamazoo), currently is operating at a hash rate of 2.1 exahashes per second with approximately 9,000 of its Bitcoin miners.
BitNile has 10,000 Bitcoin miners at its Michigan data center that are being hosted through its collaboration with Core Scientific.
The annualized gross value of Bitcoin currently being mined utilizing BNI’s miners is more than $55 million, based on current market conditions, including a current trading price of Bitcoin at $30,500 and a mining difficulty of 52.35 trillion, according to the company.
“We are energized by our progress at our Michigan data center and with our partnership with Core Scientific, where we have successfully deployed most of our existing Bitcoin mining machines,” says Milton “Todd” Ault III, founder and executive chairman of Ault Alliance.
“The real highlight, however, is our previously announced planned expansion to Montana. This new frontier for our mining operations is expected to initially offer 20 megawatts of power. A subsequent load study could reveal potential for up to 250 megawatts of future power capacity at the Montana location. This venture marks an exciting milestone in our ongoing commitment to the Bitcoin mining sector.”
Ault Alliance’s report states all estimates and other projections are subject to the volatility in the Bitcoin market price, the fluctuation in the mining difficulty level, the ability to build out and provide the necessary power for miners, and other factors that may impact the results of Bitcoin mining production or operations.
