BitNile Holdings Publishes November Bitcoin Production and Mining Report

LAS VEGAS–(BUSINESS PROPERTY)–BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or “Company”) today published an unverified update on Bitcoin production and miner setup. The number of miners and production capacity figures in this press release represent S19j Pro and XP Antminers in the Michigan data center and the Wolf Hollow hosting facility in Texas. BitNile’s Bitcoin mining production is currently running at an estimated annual rate of 1,249.4 Bitcoins based on current market conditions, including a mining difficulty of 36.95 trillion.

BitNile has increased the number of miners it owns to 20,441 S19j Pro and XP Antminers, which once installed and powered up will generate about 2.21 exahashes of combined processing power per second (“EH/s”), the computing power used to mine Bitcoin. During November 2022, BitNile received 92.2 Bitcoins as a result of miners providing computing power to the mining pool operator, and to date BitNile has received a total of 613.8 Bitcoins.

Milton “Todd” Ault, III, the Company’s Executive Chairman, said, “The newest green XP miners installed in Michigan allowed us to reach a new maximum of approximately 1.06 EH/s. The team is still working on issues at the Wolf Hollow hosting facility in Texas, as well as developing new connections to manage the remaining machines.

As previously disclosed, BitNile has signed purchase agreements with Bitmain Technologies Limited for a total of 23,065 Bitcoin miners, including 4,600 eco-friendly S19 XP Antminers with a processing power of 140 terabytes per second (“TH/s”), 17,325 S19j Pro Antminer with 100 TH/s processing power and 1,140 S19 XP Hydro Antminer with 255 TH/s processing power. Once all miners are fully deployed and up and running, BitNile expects to achieve a mining output of approximately 2.66 EH/s.

The Company notes that all estimates and other projections may affect the actual delivery and installation of Bitcoin miners, fluctuations in the market price of Bitcoin, fluctuations in the level of mining difficulty, energization of the Texas hosting facility and other factors. results of production or operations.

For additional information about BitNile and its subsidiaries, BitNile encourages shareholders, investors and any other interested parties to read BitNile’s public filings and press releases available in the Investor Relations section of BitNile’s website at or at .

About BitNile Holdings, Inc

BitNile Holdings, Inc. is a diversified holding company seeking growth by acquiring undervalued businesses and disruptive technologies with global impact. Through its wholly-owned and majority-owned subsidiaries and strategic investments, BitNile owns and operates a data center where it mines Bitcoin and operates in oil exploration, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, BitNile provides loans to select entrepreneurial ventures through its licensed lending subsidiary. BitNile is headquartered at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141;

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 forward-looking and depend on or refer to future events or conditions and include words such as “believes,” “plans,” “expects,” “projects,” “estimates,” ” . expects”, “intends”, “strategy”, “future”, “possibility”, “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 publicly update any of them in light of new information or future events. Actual results may differ materially from those in any forward-looking statement as a result of various factors. Additional information, including potential risk factors that could affect the Company’s business and financial results, is included in the Company’s filings with the US Securities and Exchange Commission, including but not limited to Forms 10-K, 10-Q and 8. – K. All filings are available at and the Company’s website at

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