NILE - NILE STOCK NEWS

BitNile Holdings, Inc. (NYSE American: NILE) announced that its subsidiary, BitNile, Inc., has contracted with Bitmain Technologies Limited to purchase 1,325 additional S19j Pro Antminers, boosting its total to 21,925 Bitcoin miners. This includes 4,600 S19 XP Antminers and 16,000 S19j Pro Antminers. Founder Milton Ault expressed optimism about Bitcoin's long-term outlook, positioning the company to expand its cryptocurrency mining operations significantly.

BitNile Holdings has announced the divestiture of its subsidiary TurnOnGreen to Imperalis Holding Corp. This transaction allows BitNile to distribute approximately 140 million shares and warrants to purchase an equal number of shares of TurnOnGreen to its stockholders. The deal is valued at $36 million, eliminating intercompany accounts and strengthening BitNile's financial position. Post-acquisition, TurnOnGreen aims to pursue an uplisting to the Nasdaq Capital Market, enhancing its potential for future growth.

BitNile Holdings (NILE) reports a significant increase in bookings, rising over 23% from $8.1 million in Q1 2022 to over $10 million in Q2 2022. This growth is driven by heightened demand in the defense sector amid global military tensions and efficient supply chain management. Notable orders include $5.2 million from Enertec in Israel and $1.53 million from Microphase in the U.S. The company anticipates sustained order volume due to ongoing geopolitical conflicts.

BitNile Holdings (NILE) announced a $4.1 million loan to Adamas One Corp. through its subsidiary Digital Power Lending, LLC. The loan is structured as a senior secured convertible note, with additional warrants for stock purchase. This investment aims to support Adamas in its efforts to secure a public listing by the end of 2022. Adamas specializes in lab-grown diamonds, which are gaining popularity as a sustainable alternative to mined diamonds. BitNile's Chairman expressed optimism about the potential growth in the lab-grown diamond market.

TurnOnGreen, Inc., a green energy technology firm, announced its role as the primary sponsor of the No. 16 Paretta Autosport Dallara Chevrolet during the Firestone Grand Prix of Monterey from September 9-11. This collaboration not only boosts visibility for TurnOnGreen but also supports Paretta Autosport's mission to promote diversity in racing, with over 65% of its team comprised of women. CEO Amos Kohn emphasized the importance of showcasing green energy solutions to INDYCAR fans and potential corporate partners.

BitNile Holdings, Inc. (NYSE: NILE) and Fortium Holdings Corp (OTC: FRTM) announced the commencement of drilling the Harry O’Neal 20-9 No. 1 well in Holmes County, Mississippi. The well will penetrate multiple pay-zones in various formations, with an initial drilling start on August 22, 2022. BitNile's subsidiary, Ault Energy, holds a 40% working interest in the project. Fortium recently acquired White River Holdings Corp for $30 million in non-voting preferred stock. The company is expanding operations with two additional drilling rigs.

BitNile Holdings (NYSE: NILE) and Fortium Holdings (OTC: FRTM) announced the commencement of drilling for the Harry O’Neal 20-9 No. 1 well in Holmes County, Mississippi. The well, targeting multiple pay zones, began on August 22, 2022. White River, a subsidiary of Fortium, plans to utilize newly acquired drilling rigs for in-house projects up to 30,000 feet. BitNile has invested $12 million in Ecoark Holdings (NASDAQ: ZEST), retaining oil well participation rights. White River aims to drill 100 wells over five years, bolstering its operational capacity.

BitNile Holdings, Inc. (NYSE American: NILE) 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 for this dividend is August 31, 2022, with payments scheduled for September 12, 2022. This action highlights BitNile's commitment to providing returns to its preferred shareholders while it continues to explore acquisition opportunities in various industries, including Bitcoin mining and industrial sectors.

BitNile Holdings (NYSE: NILE) announced a hosting agreement with Compute North, securing 20 megawatts of power to operate up to 6,500 S19j Pro Bitcoin miners. This agreement supports the expansion of their Michigan site and optimizes mining operations.

With a total of 20,600 miners purchased from Bitmain, BitNile expects to achieve a mining capacity of approximately 2.24 exahashes per second. The partnership aims to enhance operational efficiency and profitability.