BitNile subsidiary enters into hosting agreement with Compute North

BitNile (NYSE:NILE) subsidiary has entered into a hosting agreement with Compute North to support operation of up to 6,500 S19j Pro Bitcoin miners.The agreement will provide 20MW of power, enabling BitNile (NILE) to power ~6,500 S19j Pro miners during August and September.Compute North, which specializes in large-scale computing infrastructure and hosting services, has assigned a dedicated team in support of the new relationship and will begin receiving Bitcoin miners from BitNile as soon as next week.The agreement, in conjunction with the ongoing expansion of Michigan site, will support BitNile's plan to deploy and operate the Bitcoin miners it receives from Bitmain Technologies throughout the year.As previously announced, BitNile has entered into purchase agreements with Bitmain for ~20,600 Bitcoin miners, including 4,600 S19 XP Antminers that feature a processing power of 140 TH/s and 16,000 S19j Pro Antminers with 100 TH/s processing power.NILE shares have dropped 6% pre-market