NILE - NILE STOCK NEWS

BitNile Holdings, Inc. (NYSE American: NILE) has announced the full repayment of its senior secured notes along with accrued interest, as initially disclosed on March 28, 2022. This repayment marks a significant financial milestone for the diversified holding company, which focuses on acquiring undervalued businesses and disruptive technologies. BitNile operates a Bitcoin mining data center and offers mission-critical products across various industries including defense and telecommunications. For more details, investors are encouraged to view the company’s public filings.

BitNile Holdings, Inc. (NYSE American: NILE) announces the repayment of its senior secured notes, eliminating most restrictive covenants and securing a virtually debt-free status aside from non-recourse hotel loans. This repayment is crucial as it will enable BitNile to distribute approximately 140 million common shares and warrants of its subsidiary, TurnOnGreen, Inc., subject to regulatory approval. The company's leadership emphasizes that this significant financial move allows for future strategic opportunities and potential special dividends for stockholders.

BitNile announced a significant acquisition involving its subsidiary TurnOnGreen, which focuses on EV charging solutions. The acquisition will shift TurnOnGreen under Imperalis (OTC Pink: IMHC). Post-acquisition, BitNile plans to distribute approximately 140 million shares and corresponding warrants of TurnOnGreen to its stockholders. This strategic move is expected to enhance BitNile’s market position in the green technology sector and facilitate the uplisting of TurnOnGreen to the Nasdaq Capital Market.

BitNile Holdings (NYSE American: NILE) announces its subsidiary, TurnOnGreen, has resumed installation of Level 3 electric vehicle (EV) chargers in Canada after delays due to the COVID-19 pandemic. The project involves a partnership with franchisees of Tim Hortons and aims to complete installations by Q2 2022. Additionally, TurnOnGreen has increased inventory and expanded its EV700 charger sales to major online retailers. The chargers have received a favorable 4.4-star rating, demonstrating strong consumer interest and solidifying the company's market position.

BitNile Holdings, Inc. (NILE) has invested $111 million into its Michigan data center for Bitcoin mining. The company currently has around 4,800 S19j Pro Antminers and expects to increase capacity significantly starting March 2022 with 2,300 new miners each month. Once fully operational, these installations are projected to generate over two Bitcoin daily. The total order includes 20,600 miners, equating to a mining capacity of approximately 2.24 exahashes per second. This expansion places BitNile on track to become a significant player in the U.S. Bitcoin mining market.

BitNile Holdings, Inc. (NYSE American: NILE) announces a partnership between its subsidiary, TurnOnGreen, Inc., and One Tree Planted to initiate the “One4One” project. This initiative aims to plant one tree for each Electric Vehicle charger sold, targeting a minimum of 10,000 trees annually over the next decade. The partnership reflects TurnOnGreen's commitment to sustainability in offsetting carbon emissions, with mature trees absorbing over 24 kilograms of CO2 each year. This effort is particularly vital given recent environmental challenges in California.

BitNile Holdings, Inc. has announced the formation of a new division, BitNile Mining Solutions (BMS), aimed at providing comprehensive blockchain hosting and cryptocurrency mining services. This initiative builds on BitNile's existing Bitcoin mining operations and leverages its partnerships, notably with Bitmain Technologies. The new division will enhance service offerings, including equipment sourcing, power management, and infrastructure solutions. Additionally, BitNile is expanding its Michigan data center's capacity to 300 megawatts, enabling it to support approximately 90,000 Bitcoin miners and a production capacity of around 12 EH/s.

BitNile Holdings (NILE) announced the completion of safety testing and certifications for its new High Density (HD) power supply/switcher product line through its subsidiary, TurnOnGreen, Inc.. The HD product series targets medical, telecommunications, and defense industries, promising superior efficiency and performance. Capable of operating in harsh conditions, these switchers eliminate the need for multiple product versions, reducing costs and enhancing versatility. CEO Amos Kohn highlighted the potential for rapid market adoption of these critical power solutions.

BitNile Holdings, Inc. (NYSE: NILE) plans to enhance its Michigan data center power capacity to 300 megawatts, enabling operations for approximately 90,000 Bitcoin miners. This expansion anticipates an annual production of about 19,600 Bitcoin, worth approximately $779 million at a Bitcoin price of $41,000. The company aims to rank among the top ten publicly traded Bitcoin mining firms. Current operations include about 2,160 active miners, with more on order, alongside a significant investment exceeding $100 million in equipment and upgrades.