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Welcome to our dedicated page for NILE news (Ticker: NILE), a resource for investors and traders seeking the latest updates and insights on NILE stock.

BitNile Holdings, Inc. (symbol: NILE) is a diversified holding company headquartered in Las Vegas, Nevada, dedicated to acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, BitNile operates across various sectors, ensuring a broad and resilient business portfolio.

One of BitNile's core operations involves running a data center where it mines Bitcoin, leveraging the growing importance of cryptocurrency in today's economy. The company also provides mission-critical products that cater to a wide range of industries, including defense and aerospace, industrial, automotive, telecommunications, medical/biopharma, and textiles. This diversification underscores BitNile's commitment to stability and growth across different market conditions.

In addition to its industrial and technological ventures, BitNile extends credit to entrepreneurial businesses through a licensed lending subsidiary, supporting the next generation of innovative enterprises.

BitNile's recent achievements include significant strides in expanding its data center capabilities and enhancing its product offerings in the defense and healthcare sectors. The company's strategic focus on Bitcoin mining is complemented by its robust presence in traditional industries, making it a unique player in the market.

With its headquarters located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141, BitNile is positioned at the nexus of innovation and growth, continually seeking opportunities to expand its influence and profitability.

Please refer to the latest news for updated data and ongoing developments at BitNile Holdings, Inc.

News

Ault Alliance Declares Monthly Cash Dividend of $0.2708333 Per Share of 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock

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Ault Alliance, Inc. (AULT) declares a monthly cash dividend of $0.2708333 per share for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. The record date is March 31, 2024, with a payment date of April 10, 2024. Investors can find more information on Ault Alliance's website and SEC filings.
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Ault Alliance Announces Termination of At-The-Market Offering and Embarks on Path to Corporate Restructuring

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Ault Alliance, Inc. (AULT) terminates at-the-market issuance sales agreement for common stock and commits to not utilizing an ATM for sales in 2024 and the foreseeable future. The company plans to restructure ownership of its operating businesses, focusing on creating a more efficient organizational chart with two reporting segments: Sentinum, Inc. and Ault Capital Group, Inc.
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Ault Alliance’s Subsidiary, Sentinum, Announces 103 Bitcoin Mined in February 2024, Achieving Record Monthly Run Rate of Approximately $7.4 Million

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Ault Alliance, Inc. announces a record-breaking Bitcoin mining operations run rate of approximately $89 million annually, with 103 Bitcoin mined in February 2024. The company plans to transfer machines to its Montana site for expansion, targeting growth in High-Performance Computing and Artificial Intelligence. Sentinum expects to achieve a new monthly run rate record if Bitcoin prices remain high.
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Ault Alliance Announces Record Preliminary 2023 Revenue of $153 Million, up 30% from 2022

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Ault Alliance, Inc. (AULT) reports impressive financial results for 2023, with a record revenue of $153.0 million, marking a 30% increase from the previous year. The company highlights significant growth in various segments, including a 97% increase in Sentinum's data center and Bitcoin mining revenue and a 1696% growth in Circle 8 Crane Services revenue. Giga-tronics, Inc. also saw a 25% revenue growth. The company's Founder and Executive Chairman, Milton 'Todd' Ault III, emphasizes the strategic positioning of Sentinum and Ault Capital Group for future growth, driven by the recent uptick in Bitcoin prices.
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Ault Alliance’s Sentinum Planning Major Expansion at Its Michigan and Montana Data Centers, Including up to 300 Megawatts Capacity in Michigan

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Ault Alliance, Inc. announces strategic plans for its data centers, focusing on Bitcoin mining and AI hyperscale development. The Company aims to expand the capacity of its Michigan facility up to 300 MWs and significantly grow the Montana sites. Sentinum plans to become a leader in high-density computing and AI operations, seeking infrastructure financing and partnerships for expansion.
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Ault Alliance Declares Monthly Cash Dividend of $0.2708333 Per Share of 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock

Rhea-AI Summary
Ault Alliance, Inc. (AULT) declares a monthly cash dividend of $0.2708333 per share for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. The record date is February 29, 2024, and the payment date is March 11, 2024.
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Ault Alliance Anticipates Utilizing Previously Authorized Common Stock Repurchase Plan

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Ault Alliance, Inc. (AULT) announces the initiation of a $50 million stock repurchase program, aiming to enhance shareholder value. The program, authorized by the Board of Directors, will commence after filing the Form 10-Q by March 31, 2024, through various methods like open market repurchases. The Rule 10b5-1 Plan will govern trades to prevent insider trading, with financing from operational cash flow and future borrowings. The Repurchase Program, set to expire on December 15, 2024, may be altered or terminated at the Company's discretion. This move follows the return to treasury of preferred and common stock shares in December 2023, reflecting management's confidence in the stock's undervaluation.
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Ault Alliance Does Not Intend to Consummate Any Acquisitions as It Focuses on Maximizing the Value of Its Existing Assets

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Ault Alliance, Inc. (NYSE American: AULT) has decided not to pursue new acquisitions in 2024, focusing on maximizing the value of its existing assets. The company has taken proactive steps to reduce its total headcount, expecting to save over $2 million in payroll expenses for the year. This strategic shift underscores Ault Alliance’s commitment to optimizing its data center operation, crane rental business, and lending company. Executive Chairman, Milton “Todd” Ault III, emphasized the decision as a deliberate focus on enhancing the value and potential of the existing portfolio, aiming for sustained growth and success.
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Ault Alliance’s Subsidiary, Sentinum, Announces 121 Bitcoin Mined in January 2024

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Ault Alliance, Inc. (AULT) announced that its subsidiary, Sentinum, Inc., mined approximately 121 Bitcoin in January 2024, with a current annual run rate of approximately $62 million worth of Bitcoin. The company plans to relocate select mining rigs to its Montana facility by the end of March 2024 to improve operational efficiency.
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Ault Alliance Issues Letter to Stockholders

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Ault Alliance, Inc. (NYSE American: AULT) announces strategic reorganization into two key entities, Sentinum and Ault Capital Group, with a focus on AI, data processing, and investment management. The Michigan data center boasts a current capacity of approximately 28 megawatts of energy-efficient power, with potential to reach approximately 300MWs over the next five years. The new Montana facility is expected to initially add an incremental 10MWs and has current capacity of approximately 20MWs. The company plans to relocate bitcoin miners to the Montana site to optimize operations and profitability. Ault Alliance believes that both Sentinum and Ault Capital Group have the potential to exceed a billion-dollar valuation within the next 60 months.
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FAQ

What is the market cap of NILE (NILE)?

The market cap of NILE (NILE) is approximately 44.8M.

What does BitNile Holdings, Inc. do?

BitNile is a diversified holding company involved in Bitcoin mining, providing mission-critical products, and extending credit to entrepreneurial businesses.

Where is BitNile Holdings, Inc. headquartered?

BitNile is headquartered at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141.

What industries does BitNile operate in?

BitNile operates in defense/aerospace, industrial, automotive, telecommunications, medical/biopharma, and textiles.

What is BitNile's involvement in cryptocurrency?

BitNile operates a data center where it mines Bitcoin, contributing to its diversified business portfolio.

Does BitNile provide financial services?

Yes, BitNile extends credit to select entrepreneurial businesses through a licensed lending subsidiary.

What are BitNile's recent achievements?

BitNile has expanded its data center capabilities and enhanced its product offerings in the defense and healthcare sectors.

Is BitNile a public company?

Yes, BitNile Holdings, Inc. is a publicly traded company, symbol: NILE.

How does BitNile support different industries?

BitNile provides mission-critical products that support various industries such as defense/aerospace, industrial, automotive, telecommunications, medical/biopharma, and textiles.

What is BitNile's strategy for growth?

BitNile pursues growth by acquiring undervalued businesses and disruptive technologies with a global impact.

How can I stay updated on BitNile's latest news?

You can stay updated by following the latest news and developments related to BitNile Holdings, Inc.

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NILE Stock Data

44.78M
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