Market Cap: $2,316,518,066,477
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Cryptocurrencies: 28548
Markets: 116693
Cryptocurrencies: 28548
Markets: 116693
Market Cap: $2,316,518,066,477     
24h Vol: $107,133,903,567
Seeking Alpha 2022-12-01 11:51:40

BitNile provides November bitcoin production update

BitNile provides November bitcoin production update
BitNile ( NYSE: NILE ) shares popped ~3% Thursday morning after the company provided an update on November bitcoin ( BTC-USD ) production and mining operation . The company's Bitcoin mining production is currently operating at an estimated annualized run rate of 1,249.4 Bitcoin based on current market conditions, including a mining difficulty of 36.95 trillion. During the month, it received 92.2 Bitcoin as a result of its miners providing computing power to a mining pool operator. To date, BitNile ( NILE ) has received a total of 613.8 Bitcoin. The number of miners in possession grew to 20,441 S19j Pro and XP Antminers, which once installed and energized, will generate a combined processing power of ~2.21 EH/s. Previously (Nov. 30): BitNile expects 2023 revenue of over $200M
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