BitNile (NYSE:NILE) plans to expand the power capacity at its Michigan data center to 300 MW, which would enable bitcoin mining operations at the facility to operate ~90K Bitcoin miners. On installation, the company's bitcoin mining production capacity is anticipated to be ~12 EH/s, representing an estimated annualized bitcoin mining production capacity of ~19.6K bitcoin, or $779M based on a Bitcoin market price of $41K and current market conditions, including a mining difficulty level of 27.55T. BitNile has entered into agreements to purchase Bitcoin mining equipment from Bitmain Technologies and currently has ~2,160 active S19j Pro Antminers at the facility with 300 Bitcoin miners in transit and 18,140 Bitcoin miners on order with presently scheduled monthly deliveries from Bitmain through December 2022.
XRP Price Prediction For 24 November
