The main goal of the expansion is to enter the TOP 10 largest public mining companies in America

​BitNile mining company will acquire 16 000 cryptocurrency mining devices

02.11.2021 - 08:35

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1 min

What's new? The American mining company BitNile (part of Ault Global Holdings) has received approval from the board of directors to increase its capital by $140 million to purchase new cryptocurrency mining devices.

Ault Global Holdings Press Release

What will the funds be used for? In total, BitNile plans to acquire 16 000 new miners. The order will be placed with the Bitmain manufacturer within the next 12 months. The hashrate of the mining fleet will grow from the current 0,4 EH/s to 2 EH/s.

According to the chairman of the holding’s board of directors, the investments in BitNile are aimed at realizing the main goal to enter the top ten largest American mining companies.

Author:

Michael Golikov Michael Golikov

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