BitNile Holdings Issues January Bitcoin Production and Mining Operation Report
Milton “Todd” Ault, III, the Company’s Executive Chairman, stated, “We are pleased that the team has been creatively working through supply chain delays and Bitcoin price fluctuations to keep our operations on track and mining profitably. We anticipate that in the month of February, we will achieve an average of at least one Bitcoin per day in mining activity, based on expected miner installations and current difficulty levels, which will contribute nicely to our overall top line revenue.”
As a reminder,
The Company continues to provide the following projected price sensitivity analysis of total Bitcoin mining revenue, presuming the installation of 20,600 Bitcoin miners and a mining difficulty level of 26.6 trillion:
Price Sensitivity Analysis for 20,600 Bitcoin Miners |
||||||||||
Bitcoin Price |
Gross Bitcoin
(Estimate) |
Bitcoin Mining Revenue,
(Estimate) |
||||||||
$ |
20,000 |
$ |
77,400,000 |
$ |
47,200,000 |
61 |
% |
|||
$ |
25,000 |
$ |
96,800,000 |
$ |
66,500,000 |
69 |
% |
|||
$ |
30,000 |
$ |
116,100,000 |
$ |
85,900,000 |
74 |
% |
|||
$ |
35,000 |
$ |
135,500,000 |
$ |
105,200,000 |
78 |
% |
|||
$ |
40,000 |
$ |
154,900,000 |
$ |
124,600,000 |
80 |
% |
|||
$ |
45,000 |
$ |
174,200,000 |
$ |
143,900,000 |
83 |
% |
|||
$ |
50,000 |
$ |
193,600,000 |
$ |
163,300,000 |
84 |
% |
|||
$ |
55,000 |
$ |
212,900,000 |
$ |
182,700,000 |
86 |
% |
|||
$ |
60,000 |
$ |
232,300,000 |
$ |
202,000,000 |
87 |
% |
|||
$ |
65,000 |
$ |
251,600,000 |
$ |
221,400,000 |
88 |
% |
The Company notes that all estimates and other projections are subject to the actual delivery and installation of Bitcoin miners, the volatility in Bitcoin market price, the fluctuation in the mining difficulty level, and other factors that may impact the results of production or operations.
For more information on
About
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the
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BitNile Holdings Investor Contact:
IR@BitNile.com or 1-888-753-2235
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