Las Vegas-based BitNile Holdings, Inc. self-mined 59.9 Bitcoin in July 2022.
To date, BitNile has mined a total of 316.4 Bitcoin.
As of July 31, 2022, the diversified holding company held about 200 Bitcoin and currently has no plans to sell.
"July proved to be another successful month as we continue to make measurable progress in scaling our Michigan data center," said Milton "Todd" Ault, III, the Company's Executive Chairman. "I'm proud of what the team has been able to accomplish, despite a volatile Bitcoin market, and am thrilled with our growing Bitcoin reserves."
Through its wholly and majority-owned subsidiaries and strategic investments, BitNile owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support various industries, including defense/aerospace, industrial, automotive, telecommunications, medical/biopharma, and textiles. In addition, the company extends credit to select entrepreneurial businesses through a licensed lending subsidiary.
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