Hyperscale Data Subsidiary Bitnile.com Now Accepting All Verified Solana-Based $SOL Tokens, Including Meme Coins
Rhea-AI Summary
Hyperscale Data (NYSE American: GPUS) announced that its subsidiary Bitnile.com has expanded its payment options to include all verified Solana-based tokens on its sweepstakes-based social-casino platform. The integration encompasses popular tokens like $BONK and $TRUMP, featuring wallet integration and fast, low-fee transactions through the Solana network.
The platform maintains discretion over token acceptance based on verification, liquidity, and other factors. This strategic move aims to broaden Bitnile's user base by tapping into Solana's ecosystem, which spans across decentralized finance, NFTs, gaming, and enterprise applications.
Positive
- Integration with Solana ecosystem expands potential user base
- Support for multiple popular tokens increases payment flexibility
- Low-fee transactions through Solana network reduce operational costs
Negative
- Selective token acceptance criteria may limit some user participation
- Exposure to cryptocurrency market volatility and regulatory risks
Insights
Hyperscale's Bitnile expands cryptocurrency support to Solana tokens, potentially increasing user engagement but with uncertain revenue impact.
Hyperscale Data's subsidiary Bitnile.com has made a strategic move in the crypto-gaming space by integrating all verified Solana-based tokens as payment options on its sweepstakes-based social-casino platform. This integration specifically includes trending meme coins like $BONK and $TRUMP, positioning the platform to capitalize on the viral nature of these tokens.
The technical implementation leverages Solana's key advantages - namely its speed and low transaction fees - which addresses two critical friction points in crypto payments. By supporting tokens issued under the Solana Program Library standard and providing wallet integration, Bitnile is removing technical barriers for Solana users.
From a business perspective, this move has several strategic implications. First, it widens Bitnile's potential user base by tapping into established token communities. Second, it reduces payment friction by leveraging Solana's technical advantages. Third, it positions Bitnile to benefit from network effects within the rapidly growing Solana ecosystem.
However, there are important considerations regarding this integration. The company notes they reserve the right to reject specific coins based on verification, liquidity, and other factors - suggesting careful risk management regarding token volatility and regulatory compliance. While meme coins offer community engagement benefits, they also present higher volatility risks compared to more established cryptocurrencies.
This integration represents an attempt to increase platform stickiness by meeting users where they are in the crypto ecosystem rather than forcing them to convert to specific payment methods.
LAS VEGAS, June 27, 2025 (GLOBE NEWSWIRE) -- Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced that its indirect wholly owned subsidiary Bitnile.com, Inc. (“Bitnile”) has begun accepting all verified Solana-based tokens as a payment method on its sweepstakes-based social-casino platform Bitnile.com. These include recently trending coins such as $BONK, $TRUMP, and many others on the Solana network. Bitnile reserves the right to not accept specific coins dependent on certain factors such as verification, liquidity and other factors.
Key Highlights
- Full support for all verified Solana-based tokens: Any verified token issued under the Solana Program Library standard.
- Wallet integration for Solana users.
- Fast, low-fee transactions through the Solana network.
- Real-time compatibility with trending coins such as $BONK, $TRUMP, Jupiter, Raydium and more.
The Solana ecosystem continues to expand as new projects are regularly launched across multiple verticals such as decentralized finance, non-fungible tokens, decentralized applications, gaming, and enterprise tools. By embracing this diversity, Bitnile positions itself to capture a wider user base by providing additional onboarding options.
“Solana is one of the most powerful and vibrant ecosystems within the cryptocurrency world today,” stated Joe Spaziano, Chief Executive Officer of Bitnile. “By opening Bitnile up to every verified Solana-based token, we’re giving users the freedom to bring their communities with them while playing on the Bitnile.com platform. A goal of the team is to make Bitnile.com a highly inclusive and flexible social-casino platform, with opportunities for a large user base to enjoy the platform.”
For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.
About Hyperscale Data, Inc.
Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging artificial intelligence (“AI”) ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, ACG, is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.
Hyperscale Data hopes to divest itself of ACG on or about December 31, 2025 (the “Divestiture”). Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support HPC services, though it may at that time continue to operate in the digital asset space as described in the Company’s filings with the SEC. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.
On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.
Hyperscale Data Investor Contact:
IR@hyperscaledata.com or 1-888-753-2235
FAQ
What new payment options did Hyperscale Data (GPUS) announce for Bitnile.com?
Which specific Solana tokens are accepted on the Bitnile.com platform?
How does the Solana integration benefit Bitnile.com users?
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