Ault Global (NYSE:DPW) trades 1.7% higher premarket after its wholly owned subsidiary, BitNile announced that it is actively installing the first 1K S19j Pro Antminers which were recently received at the company's Michigan data center. The subsidiary expects the miners to be fully operational by the end of October 2021 and will generate cryptocurrency mining revenue of ~$1M/month based on a Bitcoin trading price of ~$45K. It expects to grow cryptocurrency mining revenue to ~$4M monthly post installation of 4K Antminers, which is expected to be completed by August 2022. We are committed to BitNile’s long-term success and plan to access the private or public equity markets to fund additional investments in Antminers and the Data Center expansion," Executive Chairman Milton "Todd" Ault, III, commented.
