NILE - NILE STOCK NEWS

BitNile Holdings, Inc. (NILE) will hold a conference call on September 6, 2022, at 2:00 PM PT to discuss the spinoff of its subsidiary, TurnOnGreen, Inc., which focuses on EV charging solutions. Following an acquisition by Imperalis Holding Corp. (IMHC), TurnOnGreen will become a subsidiary of IMHC. Upon completion, BitNile stockholders can expect approximately 140 million shares of Imperalis common stock and warrants. The spinoff aims to enhance shareholder value and facilitate TurnOnGreen's listing on the Nasdaq.

BitNile Holdings, Inc. (AMEX: NILE) announced that its power supply subsidiary, TurnOnGreen, will supply electric vehicle (EV) charging equipment and network services to Aero Corporation for a six-port DC Fast charging depot near Harrisburg International Airport. The project includes three FSP1200 dual port 120kW DC Fast Chargers capable of rapidly charging most EVs, aimed at supporting rental car companies' EV fleets. TurnOnGreen expects installation to complete in Q3 2022, aligning with the growth strategy focused on the rental car industry and EV adoption in the U.S.

BitNile Holdings, Inc. (AMEX: NILE) has announced a monthly cash dividend of $0.2708333 per share on its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. The record date for eligibility is July 31, 2022, with payments scheduled for August 10, 2022. This declaration reflects BitNile's commitment to returning value to shareholders while actively pursuing growth through strategic acquisitions and technology investments. The company operates in sectors such as defense, telecommunications, and Bitcoin mining.

BitNile Holdings, Inc. (NILE) announced that its subsidiary, TurnOnGreen, Inc., has received approvals for multiple Level 2 Electric Vehicle (EV) chargers and DC fast chargers under California's CALe-VIP and Southern California Edison Charge Ready programs. Additionally, the EV700 charger has earned ENERGY STAR certification, enhancing its eligibility for rebate programs. With over $146 million awarded for EV charger rebates in California to date, this development positions TurnOnGreen strategically within the expanding EV infrastructure market, valued at $2.85 billion and projected to grow at a CAGR of 36.9% from 2022 to 2030.

BitNile Holdings has launched Ault Energy, a subsidiary aimed at oil and gas drilling projects across 30,000 acres in Texas, Louisiana, and Mississippi. The formation follows a $12 million investment in Ecoark Holdings, allowing Ault Energy up to a 25% stake in drilling ventures managed by White River Holdings. The partnership targets the drilling of at least 100 wells over the next five years. Future plans include acquiring additional drilling rigs and significant capital allocation for these projects.

BitNile Holdings, Inc. (NYSE American: NILE) announced the full repayment of an $8 million loan to EYP, Inc., including a $2.9 million break-up fee. The loan generated approximately $4.7 million in interest and fees from October 2021 to June 2022. Although Ault Alliance did not acquire EYP, the company highlighted its successful capital return in under nine months. Page Southerland Page, Inc. emerged as the winning bidder for the assets of EYP under the U.S. Bankruptcy Code.

BitNile Holdings, Inc. (NILE) has announced an update on its Bitcoin production and miner deliveries. The company is operating at an estimated annualized run rate of 698 Bitcoin, with a total of 9,645 S19j Pro Antminers expected to generate approximately 965.5 petahashes per second. BitNile mined 46.4 Bitcoin in June and holds 140.8 Bitcoin without plans to sell. Future plans include ramping up mining capacity at the Michigan Data Center and acquiring additional miners, with a target production capacity of 2.24 exahashes per second.

BitNile Holdings, Inc. (NILE) has 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 June 30, 2022, and payment will be made on July 11, 2022. This decision reflects the company's ongoing commitment to provide returns to its shareholders while managing its diverse portfolio of businesses, including Bitcoin mining and various industry-focused products.

BitNile Holdings, Inc. (AMEX: NILE) announced the establishment of an 'at-the-market' equity offering program to sell shares of its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock, aiming for gross proceeds of up to $46.4 million. The shares will be sold through Ascendiant Capital Markets, LLC. Proceeds will finance potential acquisitions and investments, including bitcoin miners, expansions, and general corporate purposes. The offering is under a shelf registration statement effective since November 12, 2021.