BitNile reports 60.45 BTC mined in August

BitNile (NYSE:NILE) shares dropped 2% pre-market on Wednesday after the company provided its August 2022 mining report that showed 60.45 BTC were mined in the month with an annualized run-rate of 787 BTC.That represents a fractional increase from 59.9 bitcoin (BTC-USD) mined in July 2022.The company has mined 393.6 total BTC to dateMiners in operation include 700 of the environmentally friendly S19 XP antminers that were brought online.Miners in possession increased to 12,669 inclusive of 600 in the hands of carrier, which once installed, will generate a combined processing power of ~1.091 exahashes per second.