NILE - NILE STOCK NEWS

BitNile Holdings, Inc. (NYSE American: NILE) reported a robust performance for its global defense subsidiary, Gresham Worldwide, with bookings exceeding $10.2 million in Q4 2021, marking a 36% growth from $7.5 million in Q3 2021. Factors contributing to this growth included increased demand amidst supply chain challenges. Key contributions came from Microphase Corporation with $4.9 million in new orders, Enertec securing over $3.7 million, and the U.K. operations achieving $1.6 million in bookings. Gresham Worldwide anticipates continued upward momentum into 2022.

BitNile Holdings, Inc. (NILE) has updated its Bitcoin production activities following the installation of new S19j Pro Antminers at its Michigan data center. The company now produces over one Bitcoin daily, with an estimated annual run rate of 367.34 Bitcoin. It has agreements for 20,600 miners, including 4,600 environmentally friendly S19 XP Antminers and 16,000 S19j Pro Antminers. Monthly updates on production and installations will continue. However, Bitcoin mining results depend on miner delivery, market volatility, and difficulty fluctuations.

BitNile Holdings, Inc. (AMEX: NILE) announced a partnership with The Glen Centre in Los Angeles to enhance EV charging capabilities. This initiative will utilize TurnOnGreen's network level 2 chargers, aiming for completion by March 2022. The project targets the increasing demand for electric vehicle infrastructure, aligning with the U.S. Department of Energy's statistics that highlight a growing number of EVs on U.S. roads. The Glen Centre features 25 retail locations and aims to provide a sustainable solution for visitors.

BitNile Holdings, Inc. (NILE) reported preliminary unaudited revenue of $52 million for 2021, a 119% increase from $23.9 million in 2020. The company forecasts 2022 revenue to reach approximately $155 million, representing a 197% growth. Expected revenue contributions include $82.1 million from Bitcoin mining, $29.6 million from Gresham Worldwide, $13.1 million from TurnOnGreen, and $15.4 million from real estate initiatives. The company’s growth is driven by strategic investments and operational expansions.

BitNile Holdings, Inc. (AMEX:NILE) has released an update on its Bitcoin production, reporting an estimated annualized run rate of 327.26 Bitcoin. The company has received 2,185 S19j Pro Antminers, with 1,860 currently operational, generating approximately 189 petahashes per second. In January 2022, BitNile self-mined 27.19 Bitcoin, totaling 74.98 Bitcoin to date. The company expects to average one Bitcoin mined daily in February, bolstered by ongoing miner installations. BitNile is on track to achieve a mining capacity of 2.24 exahashes per second with future miner deployments.

BitNile Holdings (NILE) announced a two-year primary sponsorship deal with Ed Carpenter Racing for the No. 20 Chevrolet, featuring Conor Daly as the full-time driver for the 2022 NTT INDYCAR SERIES season. This partnership aligns with BitNile's interests in investing in local Indiana businesses. Additionally, BitNile plans to separate into two public entities, focusing on Bitcoin mining and various legacy businesses post-spin-off. The season opener is scheduled for February 27, 2022, in St. Petersburg, FL.

BitNile Holdings, Inc. (NILE) announced the completion of phase one of its EV charger installation project at The Alisal Guest Ranch and Resort in Solvang, California. The project, executed by subsidiary TurnOnGreen, included the installation of commercial network level 2 chargers, enhancing EV charging accessibility for guests. The demand for EV charging is increasing, in line with projections that 50% of new vehicles sold by 2030 will be zero-emission. The infrastructure expansion aligns with growing consumer interest in electric vehicles, supported by statistics from the Department of Energy.

BitNile Holdings (AMEX: NILE) has released an unaudited update on its Bitcoin mining operations, emphasizing a focus on its Michigan data center and plans to sell 1,600 S9 Antminers from Indiana. The company is currently mining at an estimated annualized rate of 322 Bitcoin, valued at approximately $16.1 million. BitNile has received 1,885 S19j Pro Antminers, with 1,705 active, achieving a hash rate of 170.5 PH/s. Additionally, it has entered purchase agreements for 20,600 miners, aiming for a mining capacity of 2.24 exahashes per second. Monthly updates will now be provided on mining activities.

BitNile Holdings, Inc. (NILE) has announced its subsidiary Ault Alliance, Inc. (through Ault Global Real Estate Equities) acquired a property in St. Petersburg, FL, for $15.5 million. Planned as a high-rise project, it will include a 22-story tower with 269 residential units and retail space. The total project cost is projected at $114 million, with construction starting in Q2 2022 and completion by Q2 2024. This acquisition diversifies Ault Alliance's portfolio, enhancing cash flow opportunities.