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BitNile Holdings (NILE) announced the planned launch of its next-generation marketplace, BitNile.com, aimed at exclusive goods and VIP experiences, set to go live on March 1, 2023. The platform will accept Bitcoin, enhancing digital payment accessibility. Douglas Gintz, the President and Chief Product Officer, is leading the development. Shareholders can register for initial access and will receive future rewards. The Company is focused on expanding its diverse holdings and strengthening its market position.
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Launch of BitNile.com set for March 1, 2023, enhancing product offerings.
Marketplace is positioned to accept Bitcoin, aligning with digital currency trends.
Leadership of experienced executive Douglas Gintz in the marketplace development.
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LAS VEGAS--(BUSINESS WIRE)--
BitNile Holdings, Inc.(NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”), announced today that it plans to launch a next-generation marketplace, BitNile.com and “go live” March 1, 2023. BitNile.com is being developed as the premiere destination for exclusive goods and VIP experiences that readily can accept Bitcoin. BitNile.com’s development is led by Douglas Gintz, the President and Chief Product Officer of BitNile, Inc. The Company invites shareholders and the public to register for the initial launch using this link, https://BitNile.com/. Those signing up prior to the launch will be granted a future reward with details to follow.
Milton “Todd” Ault, III, the Company’s Executive Chairman, stated, “This has been many years in the making and are proud of the progress that Douglas Gintz and his team have made and look forward to becoming the premiere destination for exclusive goods and VIP experiences. We look forward to our launch on March 1, 2023.”
For more information on BitNile and its subsidiaries, BitNile recommends that stockholders, investors, and any other interested parties read BitNile’s public filings and press releases available under the Investor Relations section at www.BitNile.com or available at www.sec.gov.
About BitNile Holdings, Inc.
BitNile Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, BitNile owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, BitNile extends credit to select entrepreneurial businesses through a licensed lending subsidiary. BitNile’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.BitNile.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.BitNile.com.
What is the significance of BitNile's new marketplace launching on March 1, 2023?
The launch of BitNile.com on March 1, 2023, represents BitNile's entry into the exclusive goods and experiences market, enhancing its business model and potentially increasing revenue.
How will BitNile.com impact the company's stock performance?
The success of BitNile.com may positively influence NILE's stock performance by attracting customers and increasing revenue through digital transactions.
What types of products can be purchased on BitNile.com?
BitNile.com will focus on exclusive goods and VIP experiences, although specific product details have not been disclosed.
Who is leading the development of BitNile.com?
Douglas Gintz, the President and Chief Product Officer, is leading the development of the new marketplace.
Is there a reward for signing up on BitNile.com before the launch?
Yes, those who register prior to the launch will be granted a future reward, with details to be announced.
