BitNile expects mining production rate of 4.7 BTC/day by September end

By the end of Sep 2022, BitNile (NYSE:NILE) expects to have 7,500 miners installed at its Michigan data center and 6,500 miners installed at its hosted Texas facility.Based on expected installations of S19j Pro and S19 XP Antminers, the average daily bitcoin mining production is likely to increase to ~4.7 Bitcoin/day by the end of the month and nearly double to ~9.33 Bitcoin/day by the end of Dec 2022.As previously disclosed, BitNile (NILE) has executed a deal with Bitmain Technologies to purchase 21,925 Bitcoin miners, including 4,600 S19 XP Antminers with a processing power of 140 terahashes per second and 17,325 S19j Pro Antminers with a processing power of 100 TH/s.Once all of the miners are fully deployed and operational, the company's mining production capacity will reach ~2.3725 exahashes per second.NILE shares are down ~4% pre-market