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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) issued a letter to stockholders, providing a business update. The company emphasizes transparency and effective communication. The press release aims to keep stockholders informed about the company's progress and future plans.
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Ault Alliance, Inc. (AULT) declares a monthly cash dividend of $0.2708333 per share for its outstanding 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock, with a record date of January 31, 2024, and a payment date of February 12, 2024. The company advises stockholders, investors, and interested parties to refer to its public filings and press releases for more information.
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Ault Alliance, Inc. (AULT) announced the results of its annual stockholders meeting, including the approval of a reverse stock split, with a ratio of not less than one-for-five and not more than one-for-twenty-five. The reverse stock split will be effective on January 16, 2024, and will affect all issued and outstanding shares of the company's Common Stock. Stockholders who would otherwise be entitled to receive a fractional share will instead receive a cash payment. The Company anticipates that beginning with the opening of trading on January 17, 2024, the Common Stock will trade on the NYSE American on a split-adjusted basis under a new CUSIP number, 09175M 507.
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Ault Alliance, a diversified holding company (NYSE American: AULT), has announced a strategic decision to hold up to 20 percent and a minimum of five percent of the Bitcoin it mines on the Company’s balance sheet. This move is part of the Company’s broader plan to adjust its asset management approach to ultimately create a more valuable enterprise and drive stockholder value. The Company's current Bitcoin mining operations have an annual run rate of approximately $83 million. Founder and Executive Chairman, Milton “Todd” Ault III, expressed confidence in Bitcoin as a sustainable asset class and highlighted the Company's alignment with the insights from Michael Saylor, Executive Chairman of MicroStrategy, documented in their white papers on the topic. Ault Alliance's wholly owned subsidiary, Sentinum, Inc., has made significant strides in Bitcoin mining, with December 2023 marking the highest single monthly run rate for Bitcoin miners in the Company’s history, as Sentinum mined approximately 151 Bitcoin during the month.
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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