BitNile Holdings Achieves Bitcoin Mining Production Milestone of More Than One Bitcoin per Day

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LAS VEGAS, February 14, 2022- – (BUSINESS WIRE)- – BitNile Holdings, Inc. (NYSE American: NILE), an expanded holding organization (“BitNile” or the “Organization”) today distributed an unaudited update on its Bitcoin creation action. True to form, the latest conveyance of the S19j Pro Antminers have been introduced at our Michigan server farm in this way expanding BitNile’s normal everyday mining creation to more than one Bitcoin each day. BitNile’s Bitcoin mining creation is at present working at an expected annualized run pace of 367.34 Bitcoin in view of current economic situations, including mining trouble of 26.7 trillion.

Milton “Todd” Ault, III, the Company’s Executive Chairman, expressed, “We are satisfied that the BitNile group keeps on following through on the objective of convenient establishment of new Bitcoin excavators as they show up at our Michigan server farm. The arrangement to become our Bitcoin mining activities is clear, and it is compensating to see the group accomplish key achievements en route.”

As recently unveiled, BitNile has gone into buying concurrences with Bitmain Technologies Limited for a sum of 20,600 Bitcoin diggers, including 4,600 harmless to the ecosystem S19 XP Antminers that highlight a handling force of 140 terahashes each second (“TH/s”) and 16,000 S19j Pro Antminers that highlight a handling force of 100 TH/s.

The Company will keep on distributing month-to-month reports on Bitcoin creation and digger establishment.

The Company notes Bitcoin mining results are dependent upon the genuine conveyance and establishment of Bitcoin excavators, the instability in Bitcoin market value, the variance in the mining trouble level, and different elements that might affect the consequences of activities.

For more data on BitNile and its auxiliaries, BitNile suggests that investors, financial backers, and some other invested individuals read BitNile’s public filings and official statements accessible under the Investor Relations segment at www.BitNile.com or accessible at www.sec.gov.

About BitNile Holdings, Inc.

BitNile Holdings, Inc. is an enhanced holding organization seeking after development by gaining underestimated organizations and troublesome innovations with a worldwide effect. Through its entirely and larger part possessed auxiliaries and key ventures, BitNile claims and works a server farm at which it mines Bitcoin and gives strategic items that help an assorted scope of businesses, including guard/aviation, modern, car, media communications, clinical/biopharma, and materials. Moreover, BitNile stretches out credit to choose innovative organizations through an authorized loaning auxiliary. BitNile’s central command is situated at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.BitNile.com.

Forward-Looking Statements

This public statement contains “forward-looking explanations” inside the significance of Section 27A of the Securities Act of 1933, as revised, and Section 21E of the Securities Exchange Act of 1934, as altered. These forward-looking explanations, by and large, incorporate articulations that are prescient in nature and rely on or allude to future occasions or conditions, and incorporate words, for example, “accepts,” “plans,” “expects,” “projects,” “gauges,” “anticipates,” “means,” “methodology,” “future,” “opportunity,” “may,” “will,” “ought to,” “could,” “potential,” or comparable articulations. Explanations that are not recorded realities are forward-looking proclamations. Forward-looking explanations depend on current convictions and suppositions that are liable to dangers and vulnerabilities. Forward-looking articulations talk just as of the date they are made, and the Company attempts no commitment to refresh any of them openly considering new data or future occasions. Real outcomes could contrast substantially from those contained in any forward-looking assertion because of different variables. More data, including potential gamble factors, that could influence the Company’s business and monetary outcomes are remembered for the Company’s filings with the U.S. Protections and Exchange Commission, including, yet not restricted to, the Company’s Forms 10-K, 10-Q, and 8-K. All filings are accessible at www.sec.gov and on the Company’s site at www.BitNile.com.

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