Ault Global slips after BitNile's bimonthly bitcoin mining update

Dec. 01, 2021 2:09 PM ETAult Alliance, Inc. (AULT)By: Preeti Singh, SA News Editor

Ault Global Holdings (DPW -6.2%) shares are down after the company published the bimonthly bitcoin production and mining operation report of its subsidiary, BitNile.
Based on a market value of Bitcoin of $57,800, BitNile's Bitcoin mining production is currently operating at an estimated annualized run rate of 287.6 Bitcoin.
The company maintained the same number of installed Bitcoin miners during the second half of November 2021, with no additions installed for the period.
BitNile's active miners for the Indiana data center include 1,600 S9 Antminers, generating ~10.23 PH/s, an increase from 7.68 PH/s reported in mid-November 2021. For the Michigan data center, the active miners consist of 1,292 S19j Pro and eight S9 Antminers, generating approximately 129.12 PH/s, an increase from 120.6 PH/s reported in mid-November 2021.
Previously (Nov. 22): Ault Global announced plan to split into two public companies by pursuing a spin-off of Ault Alliance to its stockholders.