NILE - NILE STOCK NEWS

Ault Alliance, Inc. (AULT) declares a monthly cash dividend of $0.2708333 per share for its outstanding 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock, with a record date of January 31, 2024, and a payment date of February 12, 2024. The company advises stockholders, investors, and interested parties to refer to its public filings and press releases for more information.

Ault Alliance, Inc. (AULT) announced the results of its annual stockholders meeting, including the approval of a reverse stock split, with a ratio of not less than one-for-five and not more than one-for-twenty-five. The reverse stock split will be effective on January 16, 2024, and will affect all issued and outstanding shares of the company's Common Stock. Stockholders who would otherwise be entitled to receive a fractional share will instead receive a cash payment. The Company anticipates that beginning with the opening of trading on January 17, 2024, the Common Stock will trade on the NYSE American on a split-adjusted basis under a new CUSIP number, 09175M 507.

Ault Alliance, a diversified holding company (NYSE American: AULT), has announced a strategic decision to hold up to 20 percent and a minimum of five percent of the Bitcoin it mines on the Company’s balance sheet. This move is part of the Company’s broader plan to adjust its asset management approach to ultimately create a more valuable enterprise and drive stockholder value. The Company's current Bitcoin mining operations have an annual run rate of approximately $83 million. Founder and Executive Chairman, Milton “Todd” Ault III, expressed confidence in Bitcoin as a sustainable asset class and highlighted the Company's alignment with the insights from Michael Saylor, Executive Chairman of MicroStrategy, documented in their white papers on the topic. Ault Alliance's wholly owned subsidiary, Sentinum, Inc., has made significant strides in Bitcoin mining, with December 2023 marking the highest single monthly run rate for Bitcoin miners in the Company’s history, as Sentinum mined approximately 151 Bitcoin during the month.

Ault Alliance, Inc. announced preliminary revenue of $34.4 million for Q4 2022, marking a significant increase of 340% compared to $7.8 million in Q4 2021. For the full year, revenue reached a record $134.2 million, up 156% from $52.4 million in 2021. The company's growth was broad across all business segments, including its recent acquisition of Circle 8 crane operations since December 19, 2022. Despite challenges in the Bitcoin mining sector, Ault Alliance remains optimistic about continued growth in 2023.

Ault Alliance (NYSE American: AULT) announced regulatory clarity from the NYSE American regarding its spin-off of securities related to Imperalis Holdings, Inc. (TurnOnGreen) and Giga-tronics Incorporated (GIGA). The company will issue 140 million shares of TurnOnGreen common stock and warrants for an additional 140 million shares, along with 7 million shares of GIGA common stock to stockholders. The record dates and payment dates for these planned dividends will be announced upon filing registration statements and obtaining final approvals. Ault Alliance aims to address shareholder concerns over the stock's low trading price and expedite the special dividends.

Ault Alliance, Inc. (NYSE American: AULT) invites stockholders to an online tour of its next-generation marketplace, BITNILE.com, scheduled for February 28, 2023. Led by founder Milton “Todd” Ault, III, the platform is set to launch on March 1, 2023. BITNILE.com aims to integrate various features including eCommerce and access to the metaverse, with support for Bitcoin transactions. Participants will explore the platform's capabilities across multiple devices. Ault emphasizes the product's uniqueness and invites public registration prior to launch to receive future rewards.

Ault Alliance, Inc. (NYSE American: AULT) has declared a monthly cash dividend of $0.2708333 per share for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. This dividend's record date is January 31, 2023, with a payment date of February 10, 2023. Ault Alliance, a diversified holding company, focuses on acquiring undervalued businesses and disruptive technologies. The company operates a Bitcoin mining data center and offers support across various industries, including defense and automotive. For more details, visit www.Ault.com.

BitNile Holdings, Inc. (NYSE American: NILE) disclosed that its related party, Ault Alpha, LP, has acquired 50 million shares of its common stock since September 2021, representing about 13% of the company. As of September 30, 2022, BitNile's total assets stood at approximately $610 million. Ault Alpha plans to continue purchasing shares under a 10b5-1/10b-18 plan, dependent on market conditions. The company focuses on growth through acquiring undervalued businesses and operates a variety of sectors, including Bitcoin mining and providing essential products across multiple industries.

BitNile announced the cancellation of the record date for a planned stock dividend distribution of 140 million shares and warrants for Imperalis Holding, soon to be renamed TurnOnGreen. Originally set for January 17, 2023, the delay is attributed to a lack of effective registration with the SEC. Despite these challenges, the Company remains committed to completing the distribution when compliance is achieved. Founder Milton Ault expresses optimism that barriers will be addressed, aiming for a favorable outcome for stockholders.