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BitNile Holdings Inc. - NILE STOCK NEWS

Welcome to our dedicated news page for BitNile Holdings (Ticker: NILE), a resource for investors and traders seeking the latest updates and insights on BitNile Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect BitNile Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of BitNile Holdings's position in the market.

Rhea-AI Summary
Ault Alliance, Inc. (AULT) declares a monthly cash dividend of $0.2708333 per share for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. The record date is March 31, 2024, with a payment date of April 10, 2024. Investors can find more information on Ault Alliance's website and SEC filings.
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Rhea-AI Summary
Ault Alliance, Inc. (AULT) terminates at-the-market issuance sales agreement for common stock and commits to not utilizing an ATM for sales in 2024 and the foreseeable future. The company plans to restructure ownership of its operating businesses, focusing on creating a more efficient organizational chart with two reporting segments: Sentinum, Inc. and Ault Capital Group, Inc.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
22.56%
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Rhea-AI Summary
Ault Alliance, Inc. announces a record-breaking Bitcoin mining operations run rate of approximately $89 million annually, with 103 Bitcoin mined in February 2024. The company plans to transfer machines to its Montana site for expansion, targeting growth in High-Performance Computing and Artificial Intelligence. Sentinum expects to achieve a new monthly run rate record if Bitcoin prices remain high.
Rhea-AI Impact
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End-of-Day
-12.18%
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Rhea-AI Summary
Ault Alliance, Inc. (AULT) reports impressive financial results for 2023, with a record revenue of $153.0 million, marking a 30% increase from the previous year. The company highlights significant growth in various segments, including a 97% increase in Sentinum's data center and Bitcoin mining revenue and a 1696% growth in Circle 8 Crane Services revenue. Giga-tronics, Inc. also saw a 25% revenue growth. The company's Founder and Executive Chairman, Milton 'Todd' Ault III, emphasizes the strategic positioning of Sentinum and Ault Capital Group for future growth, driven by the recent uptick in Bitcoin prices.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.95%
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Rhea-AI Summary
Ault Alliance, Inc. announces strategic plans for its data centers, focusing on Bitcoin mining and AI hyperscale development. The Company aims to expand the capacity of its Michigan facility up to 300 MWs and significantly grow the Montana sites. Sentinum plans to become a leader in high-density computing and AI operations, seeking infrastructure financing and partnerships for expansion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.5%
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Rhea-AI Summary
Ault Alliance, Inc. (AULT) declares a monthly cash dividend of $0.2708333 per share for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. The record date is February 29, 2024, and the payment date is March 11, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.26%
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dividends
Rhea-AI Summary
Ault Alliance, Inc. (AULT) announces the initiation of a $50 million stock repurchase program, aiming to enhance shareholder value. The program, authorized by the Board of Directors, will commence after filing the Form 10-Q by March 31, 2024, through various methods like open market repurchases. The Rule 10b5-1 Plan will govern trades to prevent insider trading, with financing from operational cash flow and future borrowings. The Repurchase Program, set to expire on December 15, 2024, may be altered or terminated at the Company's discretion. This move follows the return to treasury of preferred and common stock shares in December 2023, reflecting management's confidence in the stock's undervaluation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
26.83%
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buyback
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Rhea-AI Summary
Ault Alliance, Inc. (NYSE American: AULT) has decided not to pursue new acquisitions in 2024, focusing on maximizing the value of its existing assets. The company has taken proactive steps to reduce its total headcount, expecting to save over $2 million in payroll expenses for the year. This strategic shift underscores Ault Alliance’s commitment to optimizing its data center operation, crane rental business, and lending company. Executive Chairman, Milton “Todd” Ault III, emphasized the decision as a deliberate focus on enhancing the value and potential of the existing portfolio, aiming for sustained growth and success.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.89%
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acquisition
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Rhea-AI Summary
Ault Alliance, Inc. (AULT) announced that its subsidiary, Sentinum, Inc., mined approximately 121 Bitcoin in January 2024, with a current annual run rate of approximately $62 million worth of Bitcoin. The company plans to relocate select mining rigs to its Montana facility by the end of March 2024 to improve operational efficiency.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.58%
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Rhea-AI Summary
Ault Alliance, Inc. (NYSE American: AULT) announces strategic reorganization into two key entities, Sentinum and Ault Capital Group, with a focus on AI, data processing, and investment management. The Michigan data center boasts a current capacity of approximately 28 megawatts of energy-efficient power, with potential to reach approximately 300MWs over the next five years. The new Montana facility is expected to initially add an incremental 10MWs and has current capacity of approximately 20MWs. The company plans to relocate bitcoin miners to the Montana site to optimize operations and profitability. Ault Alliance believes that both Sentinum and Ault Capital Group have the potential to exceed a billion-dollar valuation within the next 60 months.
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Rhea-AI Sentiment
End-of-Day
-10.71%
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BitNile Holdings Inc.

NYSE:NILE

NILE Rankings

NILE Stock Data

44.78M
Optical Instrument and Lens Manufacturing
Manufacturing
Link
US
Newport Beach

About NILE

BitNile Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, BitNile owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, automotive, telecommunications, medical/biopharma, and textiles. In addition, BitNile extends credit to select entrepreneurial businesses through a licensed lending subsidiary. BitNile Holdings’ headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141