BitNile Holdings, Inc., through its subsidiaries, designs, develops, manufactures, and sells power system solutions for the defense/aerospace, industrial, automotive, telecommunications, healthcare, medical/biopharmaceutical, and textile industries in North America, Europe, the Middle East, and internationally. It offers switching and uninterruptible power supplies, power conversion and distribution equipment frequency converters, and transformer and power rectifiers; radio frequency and microwave filters, diplexers, multiplexers, detectors, switch filters, integrated assemblies, and detector logarithmic video amplifiers; and custom computer-based automated test equipment, turnkey systems, high precision calibration equipment, advance power systems, and project management and engineering solutions. The company also provides power conversion and display solutions; residential and commercial high-speed EV charging solutions; commercial loans, convertible notes, and revolving lines of credit; and virtual training courses through the LightSpeedVT platform, as well as creates various media, communications, and content, including web development, corporate communications, social media, and scripted and unscripted television. In addition, it invests in public and private companies; and various commercial and residential real estate, including hospitality, multifamily, and industrial properties, as well as operates hotels and data centers. Further, the company engages in Bitcoin mining and other activities, as well as provides digital marketing services. It sells its products directly through its sales force, as well as through independent manufacturer representatives and distributors. The company was formerly known as Ault Global Holdings Inc. and changed its name to BitNile Holdings, Inc. in December 13, 2021. BitNile Holdings Inc. was incorporated in 1969 and is headquartered in Las Vegas, Nevada.
IPO Year: 1997
Exchange: AMEX
Website: https://www.bitnile.com
4 - Ault Alliance, Inc. (0000896493) (Issuer)
4 - Ault Alliance, Inc. (0000896493) (Issuer)
BitNile Holdings, Inc. (NYSE:NILE), a diversified holding company ("BitNile" or the "Company"), announced today that its related party, Ault Alpha, LP ("Ault Alpha"), has purchased an aggregate of 50 million shares of common stock of BitNile since it first started buying in September 2021. Ault Alpha purchases common stock of BitNile pursuant to a plan previously adopted pursuant to Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The 50 million shares of common stock represent approximately 13% of the Company as of today. "BitNile reported approximately $610 million in total assets as of September 30, 2022 and recently completed the acquisition of Circle 8,
BitNile still intends to distribute to its stockholders 140 million shares and warrants to purchase an additional 140 million shares of Imperalis BitNile Holdings, Inc. (NYSE:NILE), a diversified holding company ("BitNile" or the "Company"), announced today that the record date for the stock dividend for the spinoff of Imperalis Holding, to be renamed TurnOnGreen ("TurnOnGreen"), which was previously set for January 17, 2023, has been cancelled until further notice. On November 22, 2022, the Company's Board of Directors declared a pro rata dividend to the stockholders of BitNile of (i) 140 million shares of common stock of TurnOnGreen, which represent approximately 81% of the outstanding s
BitNile Holdings, Inc. (NYSE:NILE), a diversified holding company ("BitNile" or the "Company"), announced today that it plans to launch a next-generation marketplace, BitNile.com and "go live" March 1, 2023. BitNile.com is being developed as the premiere destination for exclusive goods and VIP experiences that readily can accept Bitcoin. BitNile.com's development is led by Douglas Gintz, the President and Chief Product Officer of BitNile, Inc. The Company invites shareholders and the public to register for the initial launch using this link, https://BitNile.com/. Those signing up prior to the launch will be granted a future reward with details to follow. Milton "Todd" Ault, III, the Compan
Record Date Has Been Changed to January 17, 2023 with a distribution date of January 23, 2023 BitNile to distribute to its stockholders 140 million shares and warrants to purchase an additional 140 million shares of Imperalis BitNile Holdings, Inc. (NYSE:NILE), a diversified holding company ("BitNile" or the "Company"), announced today that the record date for the stock dividend for the spinoff of Imperalis Holding, to be renamed TurnOnGreen ("TurnOnGreen"), has been changed to January 17, 2023. The Company's Board of Directors in November declared a pro rata dividend to the stockholders of BitNile of (i) 140 million shares of common stock of TurnOnGreen, which represents approximately 81
BitNile Holdings, Inc. (NYSE:NILE), a diversified holding company ("BitNile" or the "Company"), today announced that its Board of Directors has declared a monthly cash dividend of $0.2708333 per share of the Company's outstanding 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. The record date for this dividend is December 31, 2022, and the payment date is January 10, 2023. Link to NYSE quote for the Company's 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock: https://www.nyse.com/quote/XASE:NILEpD For more information on BitNile and its subsidiaries, BitNile recommends that stockholders, investors, and any other interested parties read BitNile's public filin
BitNile Holdings, Inc. (NYSE:NILE), a diversified holding company ("BitNile" or the "Company"), today announced its plan to merge its wholly owned subsidiary, Ault Alliance, Inc. ("AAI") with and into BitNile. In connection with this upstream merger, the current AAI will disappear and the business of BitNile will continue as it is currently being conducted. Further, on January 3, 2023, the effective date of the merger, the Company will change its name to Ault Alliance, Inc. and its ticker will be changed to "AULT." This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221220005271/en/ The Company's Founder and Executive Chairman, Milton
BitNile Holdings, Inc. (NYSE:NILE), a diversified holding company ("BitNile" or the "Company") announced today that Circle 8 Newco LLC, a newly formed indirect subsidiary of Ault Alliance, Inc. ("Ault Alliance"), a wholly owned subsidiary of the Company, has closed on its acquisition of substantially all of the operating assets of Circle 8 Crane Services LLC ("Circle 8"). Circle 8 was a crane rental and lifting solutions provider founded in 2007 and headquartered in Corpus Christi, TX with multiple locations throughout the South Central region of the U.S. It maintained a large modern fleet of mobile cranes for its customers' heavy lifting needs. In particular, Circle 8 provided crane opera
BitNile Holdings, Inc. (NYSE:NILE), a diversified holding company ("BitNile" or the "Company") announced today that it borrowed $14.7 million of principal amount of a secured promissory note (the "Note") from an accredited investor and shareholder. The Note matures on March 16, 2023, although if the Company repays at least $12 million of principal payment on or before the maturity date, the Company may extend the maturity date by 45 days by paying a fee of 10% of the outstanding balance owed as of the original maturity date. The Note is secured by certain assets of the Company and various subsidiaries. The purchase price for the Note was $13.5 million, of which $12 million was paid in cash
Agreement provides for up to 78 megawatts of power for BitNile's Bitcoin mining operations BitNile Holdings, Inc. (NYSE:NILE), a diversified holding company ("BitNile" or the "Company") today announced that its wholly owned subsidiary, BitNile, Inc. ("BNI"), has entered into a hosting agreement (the "Agreement") securing up to 78 megawatts ("MW") of power with Agora Digital Holdings Inc. ("Agora Digital"), a majority-owned subsidiary of Ecoark Holdings Inc. (NASDAQ:ZEST). Agora Digital will initially provide up to 12 MW of electricity at their digital asset mining hosting facility located in Texas for BNI's use. At BNI's direction and Agora Digital's expense, an additional 66 MW of power
LAS VEGAS, Dec. 07, 2022 (GLOBE NEWSWIRE) -- BitNile Holdings, Inc. (NYSE:NILE), a diversified holding company ("BitNile" or the "Company") today announced that its wholly owned subsidiary, BitNile, Inc. ("BNI"), has entered into a hosting agreement (the "Agreement") securing up to 78 megawatts ("MW") of power with Agora Digital Holdings Inc. ("Agora Digital"), a majority-owned subsidiary of Ecoark Holdings Inc. (NASDAQ:ZEST). Agora Digital will initially provide up to 12 MW of electricity at their digital asset mining hosting facility located in Texas for BNI's use. At BNI's direction and Agora Digital's expense, an additional 66 MW of power can be made available to BNI as determined