NILE - Mergers and acquisitions

BitNile Holdings, Inc. (NYSE:NILE), a diversified holding company ("BitNile" or the "Company"), announced today that its related party, Ault Alpha, LP ("Ault Alpha"), has purchased an aggregate of 50 million shares of common stock of BitNile since it first started buying in September 2021. Ault Alpha purchases common stock of BitNile pursuant to a plan previously adopted pursuant to Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The 50 million shares of common stock represent approximately 13% of the Company as of today. "BitNile reported approximately $610 million in total assets as of September 30, 2022 and recently completed the acquisition of Circle 8,

BitNile Acquires 6 Customized Power Containers from Bitmain to House Bitcoin Antminers BitNile Holdings, Inc. (NYSE:NILE), a diversified holding company ("BitNile" or the "Company"), today announced that the Company has recently entered an agreement with Bitmain to purchase a total of 1,140 S19 XP Hydro Antminers ("XP Hydro"), along with 6 customized power containers ("Container"). The XP Hydro's feature water cooling and a maximum hashrate of 255 TH/s at 5304W and were introduced by Bitmain in October 2022. The Company anticipates delivery of 190 XP Hydro's and one Container per month for six consecutive months starting in July 2023. The Company will update the market on production perfo

BitNile Holdings, Inc. (NYSE:NILE), a diversified holding company ("BitNile" or the "Company") today announced preliminary unaudited revenue for 2021 and revenue guidance for 2022. The Company anticipates preliminary unaudited revenue of approximately $52 million for 2021, up 119% from revenue of $23.9 million in 2020. Further, the Company announced expected revenue of approximately $155 million for 2022, which would represent a 197% increase from 2021 preliminary unaudited revenue. Preliminary revenue and revenue projections by business segment are as follows: Business Segment   2021 Prelim   2022 Forecast Bitcoin Mining $ 3,500,000 $ 82,100,000 Gresham W

BitNile Holdings, Inc. (NYSE:NILE), a diversified holding company ("BitNile" or the "Company") announced today that its subsidiary, Ault Alliance, Inc. ("Ault Alliance") has, through its subsidiary Ault Global Real Estate Equities, Inc. ("AGREE"), acquired a property in St. Petersburg, FL for $15.5 million that will be used for the development of a high-rise multi-family project. The property is located in the heart of downtown St. Petersburg, between Mirror Lake and the Tampa Bay, nestled in an historic neighborhood that provides pedestrian access to Tampa Bay and a multitude of retail, hospitality and office experiences. The implementation of AGREE's strategy augments Ault Alliance's port

BitNile Holdings, Inc. (NYSE:NILE), a diversified holding company ("BitNile" or the "Company"), announced today that its subsidiary, Ault Alliance, Inc. ("Ault Alliance") has, through its subsidiary Ault Global Real Estate Equities, Inc. ("AGREE"), acquired three hotels located in Middleton, WI, a suburb of Madison, and one hotel in Rockford, IL. Consisting of an aggregate of 526 rooms, the acquisition includes two Marriott hotels (a Courtyard by Marriott and a Residence Inn by Marriott) and two Hilton Garden Inn hotels (collectively, the "Hotels"). Ault Alliance formed AGREE earlier in 2021 to invest in commercial real estate, including hospitality and multi-family housing properties, wit