NILE - NILE STOCK NEWS

BitNile Holdings, Inc. (AMEX: NILE) has provided an update on its Bitcoin mining operations, revealing an annualized run rate of 948 Bitcoin under current market conditions. The company has increased its miner count to 19,126, with expected processing power of approximately 2.036 EH/s. In October, BitNile mined 81.2 Bitcoin, bringing its total to 518.2. Although installation at the Texas facility faced delays, nearly all miners are ready to operate soon. Future projections depend on miner delivery, Bitcoin prices, and energy factors.

BitNile Holdings announced that Alzamend Neuro received FDA approval for a Phase I/IIA trial of ALZN002, an autologous dendritic cell-based immunotherapy vaccine for Alzheimer's treatment.

ALZN002 could be the first of its kind tested in humans, utilizing the patient's own cells to potentially improve safety and efficacy. The trial aims to evaluate safety and optimal dosage in 20 to 30 subjects with mild to moderate Alzheimer's dementia. BitNile holds significant ownership in Alzamend, owning approximately 10.4 million shares and rights to acquire additional shares.

BitNile Holdings, Inc. (AMEX: NILE) announces its subsidiary Alliance Cloud Services' plans to launch enterprise data center services at its Michigan facility. This 617,000 square foot site includes a high-density computing data center and commercial real estate. With access to 28 megawatts of power, the data center is expected to reach full capacity by November 2022. Executive Chairman Milton Ault emphasized the anticipated demand for the new services, aiming to expand revenue from this facility.

BitNile Holdings, Inc. (AMEX: NILE) has achieved a significant milestone by mining 500 Bitcoin at its Michigan data center. Executive Chairman Milton Ault expressed pride in the company's progress and plans to expand its mining operations further. This achievement reflects BitNile's commitment to developing its capabilities in cryptocurrency mining. For more information, stakeholders can refer to BitNile's public filings and press releases on their website.

BitNile Holdings, Inc. (NYSE American: NILE) has joined the Executive Committee of the Chamber of Digital Commerce, a prominent blockchain and cryptocurrency trade association. This membership aims to accelerate digital asset adoption and promote a conducive regulatory environment. Milton Ault III, Executive Chairman, emphasized the significance of blockchain in shaping the future of finance. The Chamber expressed enthusiasm over BitNile's commitment to advancing the digital asset ecosystem. This collaboration aligns with BitNile’s focus on cryptocurrency mining and innovative financial technologies.

BitNile Holdings announced a monthly cash dividend of $0.2708333 per share for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. The record date for this dividend is October 31, 2022, with a payment date set for November 10, 2022. This decision reflects the company's ongoing commitment to return value to its shareholders. BitNile operates in various industries, including Bitcoin mining and credit lending, indicating a diversified business model aimed at long-term growth.

BitNile Holdings, Inc. (AMEX:NILE) is hosting an Investor Webcast and Conference Call today at 2:00 PM Pacific Time, originally scheduled for October 17, 2022. The call will address the planned spin-offs creating four public companies. Registration confirmations have been updated for those who previously registered. Interested participants can register via the provided link. BitNile is a diversified holding company focused on acquiring undervalued businesses and disruptive technologies, with operations in multiple industries including Bitcoin mining and credit extension.

BitNile Holdings, Inc. (AMEX:NILE) will be presenting at the 15th annual LD Micro Main Event from October 25 to 27, 2022 in Southern California. Executive Chairman Mr. Milton “Todd” Ault, III will share updates on the Company’s Bitcoin mining operations, the prospective launch of a Bitcoin Marketplace, and other initiatives, including electric vehicle projects and defense business growth. The event will allow for both live and virtual attendance, with registration required. More details can be found on the BitNile website.

BitNile Holdings, Inc. (NYSE American: NILE) has rescheduled its Investor Webcast and Conference Call due to logistical issues. Originally planned for October 17, 2022, the new date is set for October 19, 2022, at 2:00 PM Pacific Time. Previous registrants do not need to register again as their confirmation will be updated automatically. The call is open to the public, with a registration link available for new participants. BitNile operates various subsidiaries and is focused on acquiring undervalued businesses and technologies.