NILE - NILE STOCK NEWS

BitNile Holdings (AMEX: NILE) announced a change in the record date for its stock dividend from January 17, 2023 to January 23, 2023. The company will distribute 140 million shares of common stock and warrants to purchase an additional 140 million shares of Imperalis Holding, soon to be named TurnOnGreen. This distribution represents approximately 81% of TurnOnGreen's outstanding shares. Following the distribution, BitNile will remain the largest stockholder of TurnOnGreen with around 370,000 shares.

BitNile Holdings has declared a monthly cash dividend of $0.2708333 per share for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. The record date is December 31, 2022, with payment on January 10, 2023. This announcement highlights the company's commitment to returning value to shareholders amid a diverse operational portfolio, including Bitcoin mining and various industries such as defense and automotive.

BitNile Holdings, Inc. (NILE) has successfully acquired substantially all operating assets of Circle 8 Crane Services LLC, a crane rental and lifting solutions provider based in Corpus Christi, TX. This strategic acquisition is anticipated to generate over $40 million in annual revenue for 2023, enhancing BitNile's growth platform and supporting its strategy of investing in cash flow-positive private equity opportunities. The acquisition aligns with BitNile's goal of expanding its service capabilities in various industrial sectors.

BitNile Holdings, Inc. (NYSE American: NILE) has secured a $14.7 million promissory note from an accredited investor and shareholder, maturing on March 16, 2023. The Company can extend the maturity by 45 days if it repays at least $12 million before the due date. Funds from the note will finance the acquisition of Circle 8 Crane Services LLC. This transaction is expected to support BitNile's growth in energy and infrastructure sectors, as stated by Executive Chairman Milton C. Ault, III.

BitNile Holdings (NYSE American: NILE) announced a hosting agreement with Agora Digital Holdings, securing up to 78 megawatts (MW) for its Bitcoin mining operations. Agora Digital will initially provide 12 MW at a Texas facility, with the potential for an additional 66 MW. This setup aims to enhance BitNile's mining capacity, expecting to power approximately 3,750 S19j Pro miners by Q1 2023. CEO Milton Ault expressed optimism for reduced operational costs and increased output. BitNile has also ordered over 23,000 miners to reach about 2.66 exahashes per second in capacity.

Ault Energy, a subsidiary of BitNile Holdings (NYSE American: NILE), has committed to join White River Energy (OTCQB: WTRV) in drilling approximately 100 oil wells over five years. The initial project, the O’Neal No. 1 Well, produces 78 BOPD from the Smackover formation. Additionally, Ault Energy has acquired a 37.5% interest in the Peabody No. 18 Well in Louisiana, now reaching 5,000 feet depth with promising oil shows. Successful results may lead to further development opportunities.

BitNile Holdings (NYSE American: NILE) announced its participation in White River's drilling project, set to drill approximately 100 oil wells over the next five years. The O'Neal No. 1 Well is producing at a rate of 78 barrels of oil per day. BitNile has acquired a 40% working interest in this well. Additionally, it will acquire a 37.5% interest in the Peabody No. 18 Well, which has shown promising oil shows at significant depths. The partnership aims for long-term growth in the oil exploration sector.

BitNile Holdings (AMEX:NILE) has provided an update on its Bitcoin mining operations, reporting an annualized run rate of 1,249.4 Bitcoin amidst a mining difficulty of 36.95 trillion. The company has increased its miner count to 20,441, which, when fully operational, could deliver about 2.21 EH/s of processing power. In November 2022 alone, BitNile mined 92.2 Bitcoin, totaling 613.8 Bitcoin to date. The company plans to install a total of 23,065 miners to achieve a potential capacity of 2.66 EH/s, while facing operational challenges at its Texas facility.

BitNile Holdings, Inc. (NYSE American: NILE) projects over $200 million in revenue for 2023, driven by the acquisition of assets from Circle 8 Crane Services. This guidance excludes anticipated revenue from TurnOnGreen and Giga-tronics, both set for spin-off. The company warns of potential revenue declines due to factors like delayed Bitcoin miner installations and fluctuating Bitcoin prices. Executive Chairman Milton Ault expressed confidence in revenue growth from diverse operations, including data centers and hospitality, while anticipating reduced capital expenditures.