BitNile has announced plans to expand its data center in Michigan to reach a capacity of 300 MW. This decision to expand capacity comes as the company seeks to accommodate Bitcoin mining operations at the facility, enabling the operation of approximately 90,000 Bitcoin miners. This, according to the company, will enable it to become one of the “top ten publicly traded Bitcoin mining companies in the country.”
The company has outlined that this expansion is part of a “multi-year power agreement” with a nuclear plant and planned “green” alternative power sources. BitNile has said that the energy "delivered by the utility" across 18 to 24 months, would come from “approximately 85% emission-free sources.” It is also reportedly exploring off-grid cogeneration of power to “extend its overall capacity beyond 300MW.”
Speaking about this development, the Company’s Founder and Executive Chairman, Milton “Todd” Ault, III commented: “We understand the potential of the facility and its infrastructure and look forward to a steady progression in Bitcoin mining production and revenue. The planned expansion of the power capacity at the facility to 300MW over the next 18 to 24 months would, if achieved, enable BitNile to grow its existing partnership with Bitmain while potentially attracting other strategic joint-venture partners, a key component to realizing the full value of the facility, including its Data Center.”
