ZEST - ZEST STOCK NEWS

Ault Alliance and Ecoark Holdings announced the completion of a share exchange agreement, transferring BitNile.com and its metaverse platform for $100 million in preferred stock. The platform allows users to engage in social networking and shop within 3D immersive games. Following shareholder approval, Ault Alliance expects to consolidate Ecoark’s financial results, enhancing growth opportunities in the metaverse market. The preferred stock, convertible at $0.25 per share, comes with a 5% annual dividend and voting rights. Both companies aim to capitalize on the expanding metaverse landscape.

Ault Alliance (NYSE American: AULT) and Ecoark Holdings (NASDAQ: ZEST) have scheduled an online tour of their upcoming metaverse super-app, BitNile.com, today, February 28, 2023, at 3:00pm PT / 6:00pm ET. This innovative platform allows users to access the metaverse through web browsers without pixel streaming. Following a share exchange agreement announced on February 9, 2023, Ecoark will acquire BitNile.com, enhancing their digital marketplace capabilities. The platform aims to support Bitcoin transactions and will feature immersive experiences like games and live events. Pre-registration for the tour is encouraged.

BitNile.com is set to launch on March 1, 2023, as the first metaverse super-app running entirely in a web browser without pixel streaming. The tour for stockholders will occur on February 28, 2023, led by founder Milton “Todd” Ault, III. This platform aims to revolutionize digital interaction by integrating a tiered rewards system and allowing access across devices. Users can enjoy immersive games, purchase products, and engage in social networking. Ault Alliance and Ecoark Holdings, with the ticker AULT and ZEST respectively, expect the platform to transform user experience in the metaverse.

Ecoark Holdings (NASDAQ: ZEST) has agreed to acquire BitNile.com, Inc. for $100 million in preferred stock, enabling new capabilities in the metaverse market. The acquisition is set to close in February 2023 and will allow Ecoark to manage a metaverse platform described as the first super-app fully operational in web browsers without pixel streaming. Launching on March 1, 2023, the platform targets multiple markets, including a $6.3 trillion online retail sector and a $63 billion gaming market. BitNile.com will also bring along a 19.9% equity in Earnity, Inc. to enhance its offerings.

Enviro Technologies U.S. (OTCQB: EVTN) announced its 4-for-1 stock split, effective January 13, 2023, increasing shares outstanding from 19.57 million to 78.27 million, with authorized common stock rising to 1 billion. The company, rebranded as Wolf Energy Services, reports that this change follows its reverse merger and aims to diversify its oilfield services offerings. The corporate name change is anticipated around January 30, 2023, pending FINRA approval. Wolf Energy Services operates through subsidiaries Pinnacle Frac Transport and Capstone Equipment Leasing, focusing on logistics and equipment financing for oilfield operations.

Enviro Technologies U.S., Inc. (OTC Pink: EVTN) announced a four-for-one forward stock split, with a record date of December 30, 2022. Shareholders will receive three additional shares for each share held, effective after January 16, 2023. Following this split, approximately 74,268,332 shares will be outstanding. Additionally, the company is rebranding as Wolf Energy Services after its reverse merger with Ecoark Holdings, Inc. (NASDAQ: ZEST). This rebranding is part of its strategy to expand its oilfield services.

BitNile Holdings has secured a hosting agreement with Agora Digital Holdings to provide up to 78 megawatts of power for its Bitcoin mining operations. Initially, Agora Digital will supply 12 MW from its Texas facility, with the potential for an additional 66 MW. This agreement aims to support the operation of approximately 3,750 S19j Pro miners in early 2023. BitNile has committed to purchasing 23,065 Bitcoin miners from Bitmain, expecting to achieve a mining capacity of 2.66 exahashes per second.

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.