Ault Alpha Has Purchased 50 Million Shares of Common Stock of BitNile Holdings, Inc.

LAS VEGAS–(BUSINESS WIRE)–$AP #10b18_plan—BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding institution (“BitNile” oregon the “Company”), announced contiguous that its related party, Ault Alpha, LP (“Ault Alpha”), has purchased an aggregate of 50 cardinal shares of communal banal of BitNile since it archetypal started buying successful September 2021. Ault Alpha purchases communal banal of BitNile pursuant to a program antecedently adopted pursuant to Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, arsenic amended. The 50 cardinal shares of communal banal correspond astir 13% of the Company arsenic of today.

“BitNile reported astir $610 cardinal successful full assets arsenic of September 30, 2022 and precocious completed the acquisition of Circle 8, the crane company. Ault Alpha intends to proceed its acquisition of communal banal of BitNile if the existent marketplace conditions continue. Ault Alpha anticipates adopting a caller 10b5-1/10b-18 program successful the adjacent future,” said Milton “Todd” Ault, III, the controlling idiosyncratic of Ault Alpha and the Executive Chairman of BitNile.

For much accusation connected BitNile and its subsidiaries, BitNile recommends that stockholders, investors, and immoderate different funny parties work BitNile’s nationalist filings and property releases disposable nether the Investor Relations conception astatine www.BitNile.com or disposable astatine www.sec.gov.

About BitNile Holdings, Inc.

BitNile Holdings, Inc. is simply a diversified holding institution pursuing maturation by acquiring undervalued businesses and disruptive technologies with a planetary impact. Through its wholly and majority-owned subsidiaries and strategical investments, BitNile owns and operates a information halfway astatine which it mines Bitcoin and provides mission-critical products that enactment a divers scope of industries, including lipid exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, user electronics, edifice operations and textiles. In addition, BitNile extends recognition to prime entrepreneurial businesses done a licensed lending subsidiary. BitNile’s office are located astatine 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.BitNile.com.

Forward-Looking Statements

This property merchandise contains “forward-looking statements” wrong the meaning of Section 27A of the Securities Act of 1933, arsenic amended, and Section 21E of the Securities Exchange Act of 1934, arsenic amended. These forward-looking statements mostly see statements that are predictive successful quality and beryllium upon oregon notation to aboriginal events oregon conditions, and see words specified arsenic “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” oregon akin expressions. Statements that are not humanities facts are forward-looking statements. Forward-looking statements are based connected existent beliefs and assumptions that are taxable to risks and uncertainties. Forward-looking statements talk lone arsenic of the day they are made, and the Company undertakes nary work to update immoderate of them publically successful airy of caller accusation oregon aboriginal events. Actual results could disagree materially from those contained successful immoderate forward-looking connection arsenic a effect of assorted factors. More information, including imaginable hazard factors, that could impact the Company’s concern and fiscal results are included successful the Company’s filings with the U.S. Securities and Exchange Commission, including, but not constricted to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are disposable astatine www.sec.gov and connected the Company’s website astatine www.BitNile.com.

Contacts

IR@BitNile.com oregon 1-888-753-2235