BitNile, Inc. Launches New Division to Provide Blockchain and Cryptocurrency Mining Solutions

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

-BitNile Holdings, Inc. , a diversified holding company (“BitNile” or the “Company”), announced that its subsidiary, BitNile, Inc. has formed a new division, BitNile Mining Solutions (“BMS”). BitNile’s cryptocurrency mining focus to date has been on self-mining Bitcoin. BMS will leverage BitNile’s deep industry partnerships, including its partnership with Bitmain Technologies Limited. BMS will focus on the sourcing and sales of cryptocurrency miners and related equipment and offering additional blockchain infrastructure services such as hosting, managing electrical power, repair and other crypto-focused infrastructure solutions. BMS will offer products and services to companies ranging from start-ups to providing fully integrated industrial operations and solutions including self-mining. Interested parties can contact the new division at Solutions@BitNile.com.

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As previously announced, BitNile plans to expand the power capacity at its Michigan data center to 300 megawatts, which would enable Bitcoin mining operations at the facility to operate approximately 90,000 Bitcoin miners with a mining production capacity that is anticipated to be approximately 12 exahash per second (EH/s), which allows for BitNile to expand its self-mining operations and provides significant additional capacity for BMS to offer hosted crypto-focused infrastructure solutions.

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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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