Welcome to our dedicated page for DPW news (Ticker: DPW), a resource for investors and traders seeking the latest updates and insights on DPW stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect DPW's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of DPW's position in the market.
BitNile Holdings, Inc. (NYSE American: NILE) has officially changed its name from Ault Global Holdings, Inc. and will begin trading under the new ticker symbol NILE. This transition coincides with the company's plan to spin off Ault Alliance, Inc., positioning BitNile as a dedicated provider of Bitcoin mining and data center operations. The company aims to increase active miners to 20,600 by the end of 2022, aspiring to rank among the top 10 publicly traded Bitcoin mining companies.
Ault Global Holdings, Inc. (NYSE American: DPW) announced the availability of its TurnOnGreen EV700 electric vehicle charger, now available for order through Amazon.com and Walmart. The EV700 has received safety certification under the UL 2594 standard, ensuring compliance for EV chargers in North America. This product features advanced technologies such as Bluetooth connectivity and an LCD touchscreen for user authentication. TurnOnGreen plans to expand its offerings while gearing towards a corporate split into two public companies.
Ault Global Holdings, Inc. (DPW) announced that its subsidiary, BitNile, led a Series A investment in Earnity Inc., a decentralized finance marketplace. The investment is part of Ault's strategy to spin off Ault Alliance, allowing BitNile to focus solely on Bitcoin mining and DeFi initiatives. Earnity aims to democratize access to cryptocurrency and plans to launch its beta platform in early 2022. BitNile's executive will join Earnity's board, and joint ventures will be formed to develop DeFi products.
Ault Global Holdings (NYSE American: DPW) has reported an unaudited update on Bitcoin production and mining operations via its subsidiary, BitNile. Currently, BitNile's mining operations are producing at an estimated annualized rate of 287.6 Bitcoin, valued at approximately $16.6 million based on a Bitcoin price of $57,800. BitNile has a total of 2,900 active miners, with plans to receive additional miners to boost production to approximately 2.24 exahashes per second. The company aims to split into two public entities, focusing on Bitcoin mining and traditional business operations.
Ault Global Holdings, Inc. (AMEX: DPW) announced a partnership between its subsidiary, TurnOnGreen, and The Alisal Guest Ranch and Resort in Solvang, California. The partnership aims to enhance the resort's electric vehicle charging capabilities, starting a multi-phase installation of EVP700G level 2 charging stations in December 2021. This initiative reflects California's leadership in EV infrastructure, as the state accounts for 44% of all EVs sold in the U.S. The company also disclosed plans for a corporate split, making TurnOnGreen a subsidiary of Ault Alliance.
Ault Global Holdings (AMEX: DPW) plans to change its name to BitNile Holdings and spin off Ault Alliance into a separate public company by late 2022. BitNile will concentrate on Bitcoin mining, data center operations, and decentralized finance initiatives, while Ault Alliance will continue its legacy operations in areas such as lending, investing, and EV charging.
The company's strategic shift aims to enhance growth and maximize stockholder value through focused operations.
Ault Global Holdings (NYSE American: DPW) reported significant financial results for the nine months ending September 30, 2021. Revenue increased by 167% to $44.6 million, bolstered by lending and trading activities, contributing $19.6 million. However, Q3 saw a revenue decline of $36.5 million, totaling negative $30.8 million, mainly due to unrealized losses in investments, particularly a $33.4 million loss from Alzamend Neuro (Nasdaq: ALZN). Despite a net income of $1.3 million for nine months, Q3 net loss was $42.9 million.
Ault Global Holdings (NYSE American: DPW) has successfully completed its "at-the-market" (ATM) equity offering, raising
Ault Global Holdings (AMEX: DPW) has postponed its third-quarter 2021 financial results conference call from November 18 to November 22. The call, hosted by Executive Chairman Milton Ault III and CEO William Horne, will cover significant corporate announcements and the company's financial performance. Interested parties must register for the webcast by 6:00 a.m. PT on November 22. Ault Global is focused on acquiring undervalued businesses and disruptive technologies, operating a Bitcoin mining data center, and providing essential products across various industries.
