Ault Alliance, Inc. Subsidiary BitNile, Inc. Moving 6,572 Bitcoin Miners Out of Texas Hosted Facility
Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance” or the “Company”) announced today that its subsidiary, BitNile, Inc. is currently moving Bitcoin mining equipment out of the Wolf Hollow hosting facility in Texas as a result of the September 2022 Compute North bankruptcy filing.
- Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance” or the “Company”) announced today that its subsidiary, BitNile, Inc. is currently moving Bitcoin mining equipment out of the Wolf Hollow hosting facility in Texas as a result of the September 2022 Compute North bankruptcy filing.
- BitNile, Inc. entered into a hosting agreement securing 20 megawatts of power announced on August 16, 2022 with Compute North, LLC.
- As a result of this agreement BitNile, Inc. moved 6,572 Bitcoin miners to Compute North’s Wolf Hollow hosting facility in Texas.
- Compute North’s Chapter 11 bankruptcy filing initiated a series of events including transfer in ownership of the Wolf Hollow hosting facility in Texas.