NILE - NILE STOCK NEWS

BitNile's subsidiary, Digital Power Lending, has agreed to purchase $12 million in convertible preferred stock from Ecoark. The funds will support Ecoark's oil drilling projects through its subsidiary, White River, on 30,000 acres. Additionally, Ecoark's Agora Digital plans to provide BitNile with up to 78MW of power for cryptocurrency mining, potentially enhancing BitNile's Bitcoin mining capacity to 20,600 miners, equivalent to 2.24 exahashes per second.

BitNile Holdings, Inc. (AMEX: NILE) has successfully closed a public offering of 144,000 shares of its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock at $25.00 per share, generating approximately $3.6 million in gross proceeds. Net proceeds are expected to be about $3.07 million, primarily allocated for acquiring bitcoin miners. The shares will commence trading on the NYSE on June 7, 2022, under the symbol 'NILE PRD'. The offering was managed by Alexander Capital, L.P.

BitNile Holdings (AMEX: NILE) will report on its electric vehicle initiatives, Bitcoin mining operations, global defense business growth, and fintech expansion at the LD Micro Invitational from June 7-9, 2022. Executive Chairman Todd Ault III is scheduled to present on June 8 at 9:00 AM PDT, discussing the company's achievements and future plans, including the best financial position in its history. Participation options include live and virtual attendance, with registration required.

BitNile Holdings (NILE) announced a revised public offering of 144,000 shares of its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock, priced at $25.00 each. This offering, expected to generate approximately $3.6 million in gross proceeds, will close around June 3, 2022, with trading commencing on June 7, 2022. The funds will primarily be used for purchasing bitcoin miners, with remaining proceeds allocated for general corporate purposes. Alexander Capital, L.P. is the book-running manager for this offering.

BitNile Holdings (NILE) has self-mined a total of 210 Bitcoin at its Michigan data center. The current mining operation is estimated to yield an annualized rate of 475.18 Bitcoin. With 7,605 S19j Pro Antminers installed, BitNile anticipates a processing power of about 760 petahashes per second. In May 2022 alone, the company mined 39 Bitcoin. Future plans include purchasing an additional 20,600 miners to enhance production capacity to approximately 2.24 exahashes per second.

BitNile Holdings, Inc. (NILE) has priced its public offering of 123,423 shares of 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock at $25.00 per share, anticipating gross proceeds of approximately $3.08 million before expenses. The shares are slated to begin trading on June 3, 2022, under the symbol 'NILE PRD.' The company plans to utilize most proceeds to purchase bitcoin miners, with remaining funds allocated to general corporate purposes. The offering will close around June 2, 2022, pending customary conditions.

BitNile Holdings, Inc. (AMEX: NILE) reports that its global defense subsidiary, Gresham Worldwide, secured new orders exceeding $8.6 million for Q1 2022. Although this marks a 16% decline from Q4 2021's $10.2 million, it exceeds the previous year's average by 15%. Key orders include $3.6 million in the UK for power conversion, over $3.1 million in Israel for electronic solutions, and $1.9 million in the US military sector. Management highlights continued demand driven by supply chain issues and increased defense needs.

BitNile Holdings (NYSE American: NILE) reported a remarkable 148% increase in revenue for Q1 2022, totaling $32.8 million, up from $13.2 million in Q1 2021. The company achieved net income of $1.0 million, despite a net loss of $28.8 million. Cryptocurrency mining revenue surged significantly to $3.5 million from $130,000. However, interest expense reached $29.8 million due to secured promissory notes. The company ended the quarter with $39.4 million in cash and $518.9 million in total assets.

BitNile Holdings, Inc. (NYSE American: NILE) has acquired 100% ownership of Alliance Cloud Services, LLC, enhancing its Bitcoin mining operations at a 617,000 square foot facility in Michigan. This strategic move follows a $127 million investment in Bitcoin mining, including the purchase of 20,600 miners from Bitmain Technologies. The company expects to achieve a mining capacity of approximately 2.24 exahashes per second once all miners are operational, positioning it as a leading public Bitcoin miner.