$PEPE Meme Coin to be Accepted as Crypto Payment in Social Casino of Bitnile.com, a Hyperscale Data Subsidiary
Rhea-AI Summary
Positive
- Integration of $PEPE and $TRUMP meme coins provides new revenue streams and payment options
- Triple rewards promotion for $TRUMP coin purchases could drive user acquisition and engagement
- Strategic expansion into crypto payments could attract meme coin communities
Negative
- Virtual tokens cannot be redeemed for cash or prizes, limiting real value for users
- Reliance on volatile meme coins as payment methods poses potential financial risks
- Regulatory uncertainties surrounding social casino and crypto payments could impact operations
Insights
Hyperscale Data's BitNile platform adding meme coin payment options represents limited real-world utility for these tokens with uncertain revenue impact.
Hyperscale Data's move to accept
The strategic rationale behind this integration appears twofold: First, to tap into the substantial liquidity and community enthusiasm around popular meme coins, potentially attracting new users to BitNile's gaming ecosystem. Second, to position BitNile as an innovative platform in the competitive social gaming space by offering cryptocurrency payment options.
However, the actual utility being created is quite limited. Users can purchase non-redeemable tokens for social casino games and receive sweepstakes entries that could potentially win prizes or cryptocurrency. This falls short of true mainstream utility that would drive significant adoption.
The
This announcement reflects the ongoing search for practical applications for meme coins beyond speculative trading, but doesn't fundamentally change BitNile's business model or create substantial new revenue streams for Hyperscale Data. The market impact will likely depend on whether these payment options actually drive meaningful user acquisition and retention for the platform.
LAS VEGAS, June 05, 2025 (GLOBE NEWSWIRE) -- Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced that, on or about July 1, 2025, the $PEPE meme coin will become an accepted payment method on Bitnile.com, the sweepstakes-based social-casino platform operated by Bitnile.com, Inc. (“Bitnile.com”), an indirectly wholly owned subsidiary of Hyperscale Data.
Players will be able to use $PEPE to purchase a package (the “Nile Package”) of Bitnile.com’s virtual in-game currency, Nile tokens (the “Tokens”). The Tokens are used to enter a wide range of casino-style social games on BitNile.com, including slots, poker and blackjack. The Tokens cannot be redeemed for cash or prizes. In addition to the Tokens, purchases of the Nile Package receive Nile sweeps coins (the “Coins”). The Coins, which cannot be purchased, give the holder sweepstakes entries, the winners of which can receive prizes or cryptocurrency (in the form of currency used to purchase the Nile Package that gifted the Coins).
Joe Spaziano, Chief Executive Officer of Bitnile.com, stated, “We believe meme coins are moving beyond speculation and into practical applications. By enabling purchases and redemptions in $PEPE and $TRUMP coins, we are giving these communities real-world use cases while enhancing our user experience.”
The Company also reiterates that Bitnile.com plans to begin accepting $TRUMP coin, a Solana-based meme coin, on or about June 15, 2025. For one month after $TRUMP becomes an accepted payment method, Bitnile.com will offer a limited-time promotion: players who use $TRUMP to purchase Nile Packages will receive three times the number of Tokens and Coins. For example, a
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, Ault Capital Group, Inc. (“ACG”), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.
Hyperscale Data expects 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 high-performance computing services, though it may at that time continue to mine Bitcoin. 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
When will Bitnile.com start accepting $PEPE coin for payments?
What is the special promotion for $TRUMP coin on Bitnile.com?
What can players do with Nile tokens on Bitnile.com?
Can Nile tokens be redeemed for cash on Bitnile.com?
What games are available on Bitnile.com's social casino platform?
