BitNile, Inc. Dispatches New Division to Provide Blockchain

BitNile, Inc. Launches New Division to Provide Blockchain

New Division Dedicated to Providing Full-Service Blockchain Hosting Including Mining Equipment, Power Solutions, and Infrastructure for Digital Asset Mining

BitNile Holdings, Inc. (NYSE American: NILE), an enhanced holding organization (“BitNile” or the “Company”), declared today that its auxiliary, BitNile, Inc. has framed another division, BitNile Mining Solutions (“BMS”). BitNile’s cryptographic money mining spotlight to date has been on self-mining Bitcoin. BMS will use BitNile’s profound industry organizations, incorporating its association with Bitmain Technologies Limited. BMS will zero in on the obtaining and deals of cryptographic money diggers and related hardware and offering extra blockchain framework administrations, for example, facilitating, overseeing electrical influence, fix and other crypto-centered foundation arrangements. BMS will offer items and administrations to organizations going from new companies to giving completely incorporated modern tasks and arrangements including self-mining. Closely involved individuals can contact the new division at [email protected]

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As recently declared, BitNile plans to extend the power limit at its Michigan server farm to 300 megawatts, which would empower Bitcoin mining tasks at the office to work roughly 90,000 Bitcoin diggers with a mining creation limit that is expected to be around 12 exahash each second (EH/s), which takes into consideration BitNile to grow its self-mining activities and gives critical extra ability to BMS to offer facilitated crypto-centered foundation solutions.

Milton “Todd” Ault, III, the Executive Chairman of BitNile Holdings, Inc., said, “We are excited to launch this new division, which is built upon our more than four years of experience as bitcoin-mining and data center operators and investors. The digital mining space is dynamic and can be difficult to navigate with continuous changes in product offerings and technology. We believe it is important to partner with a team dedicated to managing these changes and providing real-world solutions.” Ault noted, “We look forward to leveraging our relationships and industry knowledge to develop a robust single-stop source for all things crypto. We are proud to strengthen the cryptocurrency mining market in North America and believe we can provide our customers with reliable expertise to secure miners, power and all the elements necessary to create a thriving operation.”

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