Ault Alliance, Inc. - AULT STOCK NEWS

BitNile Metaverse, Inc. (Nasdaq: BNMV) has achieved notable success, surpassing 500,000 active users in under a month since its early-access launch on March 1, 2023. This growth is attributed to the platform's accessibility through any web browser and the absence of the need for costly virtual reality headsets. The company plans to enhance user experience by launching three new games and additional features within the next 30 days. The platform supports social networking and eCommerce while incorporating immersive 3D games. BitNile Metaverse is positioned to become a major player in the metaverse market, aiming for ongoing innovation and expansion.

Ault Alliance, Inc. (NYSE American: AULT) has announced a strategic collaboration between its subsidiary, BitNile, Inc. (BNI), and Core Scientific, Inc. (OTC: CORZQ), focusing on Bitcoin mining operations. This partnership will enable BNI to deploy 3,000 S19j Pro miners at Core Scientific’s facilities starting in April 2023. Core Scientific will provide BNI with exclusive mining capabilities, enhancing operational efficiency and profitability. Milton Ault III, Executive Chairman, expressed optimism about leveraging Core Scientific’s expertise to grow their presence in the Bitcoin mining sector, aiming to deliver long-term value to shareholders.

Ault Alliance, Inc. (NYSE American: AULT) announced a securities purchase agreement to sell 100,000 shares of preferred stock to institutional investors. This includes 83,000 shares of Series E, 1,000 shares of Series F, and 16,000 shares of Series G Convertible Preferred Stock. The Series E and F will be purchased by canceling $8.4 million of outstanding secured promissory notes. Each preferred share is convertible into common stock at a price of 85% of the previous day's closing price, with a floor price of $0.10. The offering is expected to close around March 30, 2023, pending customary conditions.

Ault Alliance, Inc. has announced that BitNile Metaverse, Inc. achieved over 370,000 active users within the first 21 days of its early access launch. This rapid growth highlights the platform's popularity in the metaverse sector. Furthermore, BitNile Metaverse plans to enhance user engagement by introducing three new games and three new in-world features in the next 30 days, aiming to solidify its presence in the competitive market. Joe Spaziano, the CTO, expressed optimism about the platform's future, emphasizing its global connectivity and user-centric approach.

Ault Alliance and BitNile Metaverse announced that BitNile.com has gained over 370,000 active users within the first 21 days of its early access launch. This rapid growth signals the platform's appeal in the competitive metaverse space. To maintain momentum, the company plans to introduce three new games and three in-world features in the next 30 days, enhancing the user experience. Joe Spaziano, CTO, emphasized the platform's aim to create a global, interconnected experience. With ongoing innovations, BitNile.com is poised to strengthen its market position as a leading metaverse destination.

Ault Alliance anticipates over $200 million in revenue for 2023, reflecting a 50% increase from 2022’s $134 million. This growth is driven by full-year operations from Circle 8 cranes, Bitcoin mining expansion in Montana, and revenue from the BitNile.com platform. Ault's hotels show strong growth post-COVID, while the defense and EV sectors are set to be spun off as a special dividend. Despite current stock price dissatisfaction, the company remains focused on existing operations without acquiring new businesses. However, potential risks include delays in Bitcoin miner installations and market volatility.

Ault Alliance (NYSE American: AULT) announced an exchange offer for 333,333,333 shares of its common stock in exchange for up to 5,000,000 shares of preferred stock valued at $10 each. The exchange ratio is three preferred shares for approximately 200 shares of common stock, translating to $0.15 per common share. This offer, representing a 66.67% premium over the recent common stock price, is aimed at enhancing the company's capital structure. A minimum of 150 million shares must be tendered for the offer to proceed. The preferred stock will not have voting rights and is set to pay a 10% annual dividend.

Ault Alliance, Inc. (NYSE American: AULT) has declared a monthly cash dividend of $0.2708333 per share on its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. The record date for this dividend is March 31, 2023, with a payment date set for April 10, 2023. This announcement indicates the company's commitment to providing returns to its shareholders through consistent dividend payments.

Ault Alliance (NYSE American: AULT) and Ecoark Holdings (Nasdaq: ZEST), soon to be renamed BitNile Metaverse Inc., reported that their metaverse platform, BITNILE.COM, has reached over 225,000 seven-day active users within just 12 days of its March 1, 2023 launch. The platform is designed to be device-agnostic, allowing access via web browsers on various devices. It features 3D games, eCommerce, and social networking, with plans for a tiered rewards system. Company leaders express optimism about user adoption and advertising opportunities as they continue to enhance the platform.