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Agree
$MULN time to put the pedal to the metal.
Wheels up, hit the after burner.
Lets ratchet this up to mach 3
PYTHONS declare open season on SHORTS
Dip & Rip
Bitcoin 44,231.02 and climbing
Awesome
This baby ready too rumble
$MULN it's time to put the pedal to the metal
Awesome
Exactly 1000% correct
$MULN ready to put the pedal to the metal.
Mullen Automotive Featured by WardsAuto™; Company’s Hybrid Retail Model, EVs, Manufacturing and Battery Tech Highlighted
Feb. 24, 2022 5:00 AM ETMullen Automotive, Inc. (MULN)
GlobeNewswire
BREA, Calif., Feb. 24, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- Mullen Automotive, Inc (MULN). (NASDAQ: MULN) (“Mullen” or the “Company”), an emerging electric vehicle (“EV”) manufacturer, announces a recently published feature by WardsAutoTM that highlights Mullen’s vision for the future and interviews with the Company’s senior leadership. Wards, an industry-leading, automotive-centric publication and global leader in automotive intelligence, has been offering insights and intelligence on the global automotive industry for nearly a century.
“I am delighted and thankful that industry leaders like Wards are starting to take an interest in covering the great EV effort we’re accomplishing here at Mullen,” said David Michery, CEO and chairman of Mullen Automotive. “We had a great conversation with Christie, talking about the big plans we have for the FIVE EV crossover as well as our innovative hybrid retail model with our Mullen Lounge Points, direct and franchise sales and service model.”
The WardsAutoTM article featured interviews with Mullen CEO and Chairman David Michery, Vice President-Mechanical Systems Marian Patriclan and Vice President-Marketing Jason Putnam. The full WardsAutoTM article is available to read here.
Mullen has recently announced a string of key partnerships with hofer powertrain, Comau, ARRK, Dürr, and DSA Systems for EV powertrain, engineering, manufacturing, vehicle production systems, and Over the Air (OTA) and vehicle system diagnostics, respectively. The Company expects these strategic developments to play a crucial role in bringing the FIVE to market with the latest technology and in the shortest amount of time. Mullen FIVE was also named "Top Zero Emission SUV" as part of the ZEVA® Awards at the Los Angeles International Auto Show in November 2021, where the vehicle made its debut.
The FIVE is built on an EV crossover skateboard platform that offers multiple powertrain configurations and trim levels in a svelte design that is “Strikingly DifferentTM” and exciting to experience in person. Learn more about the Mullen FIVE at MullenUSA.com.
About Mullen
Mullen is a Southern California-based automotive company that owns and partners with several synergistic businesses working toward the unified goal of creating clean and scalable energy solutions. Mullen has evolved over the past decade in sync with consumers and technology trends. Today, the Company is working diligently to provide exciting EV options built entirely in the United States and made to fit perfectly into the American consumer’s life. Mullen strives to make EVs more accessible than ever by building an end-to-end ecosystem that takes care of all aspects of EV ownership.
Forward-Looking Statements
Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential" and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and are difficult to predict. Examples of such risks and uncertainties include but are not limited to whether the Company will achieve its objectives of launching its EV crossover, the FIVE, within anticipated timelines and, if so, whether the FIVE will be a success; and whether the Company’s partnerships with ARRK, Dürr and DSA Systems and Over the Air (OTA) will result in expediting the rollout of the FIVE. Additional examples of such risks and uncertainties include, but are not limited to: (i) Mullen’s ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen's ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen’s ability to successfully expand in existing markets and enter new markets; (iv) Mullen’s ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen’s business; (viii) changes in government licensing and regulation that may adversely affect Mullen’s business; (ix) the risk that changes in consumer behavior could adversely affect Mullen’s business; (x) Mullen’s ability to protect its intellectual property; (xi) and local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen’s plans and expectations as of any subsequent date.
Contact:
Mullen Automotive, Inc.
+1 (714) 613-1900
www.MullenUSA.com
Wire Service Contact:
InvestorWire (IW)
Los Angeles, California
www.InvestorWire.com
212.418.1217 Office
Editor@InvestorWire.com
Attachment
Industry leading WardsAuto™ interviews Mullen Automotive on their EV roadmap and future.
https://www.globenewswire.com/newsroom/ti?nf=ODQ5MTQxMyM0NzU1NDM0IzUwMDA3NDUwOQ==
https://ml.globenewswire.com/media/YTI5ZDE0YWItNmNkMy00ZTgwLTgwMTAtOWUwMDc3ZTdjZWIyLTUwMDA3NDUwOQ==/tiny/Mullen-Technologies-Inc-.png
https://ml.globenewswire.com/media/7811158e-ddea-470b-98ef-8561344fd2d1/small/mullen-logo-png.png
Industry leading WardsAuto™ interviews Mullen Automotive on their EV roadmap and future.https://ml.globenewswire.com/media/afce0d64-2089-4fb8-b70a-c904f715ee63/medium/industry-leading-wardsauto-interviews-mullen-automotive-on-t.jpg
Wards talks with Mullen executives on their plans for retail franchise model, manufacturing, and battery technology. Source: Mullen Technologies, Inc. 2022 GlobeNewswire, Inc.
Agree 1000%
$MULN
It's going to happen
Awesome, thanks again
Turn & Burn
Gresham Worldwide, a BitNile Holdings Subsidiary, Booked New Orders Exceeding $10.2 Million in the Fourth Quarter of 2021
Stocks mentioned: NILE
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Strong operating performance continues to drive bookings momentum
BitNile Holdings, Inc. (NYSE:NILE), a diversified holding company ("BitNile" or the "Company") today announced that its global defense subsidiary, Gresham Worldwide, Inc. ("Gresham Worldwide"), booked orders for new business exceeding $10.2 million in the fourth quarter ended December 31, 2021, a 36% increase over the $7.5 million in new business booked in Q3 2021.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220217005426/en/
Gresham Worldwide's operating companies increased new orders in the fourth quarter as customers made purchasing decisions to meet pent up demand and as a hedge against ongoing supply chain turmoil. Despite continuation of the COVID-19 pandemic, the global defense business remains strong and continues building bookings momentum across the board in all sectors of Gresham Worldwide operations in the U.S., Israel and the U.K.
United States. Increasing capacity and improved on-time delivery at Microphase Corporation continued to drive Q4 2021 bookings activity to $4.9 million in new orders from prime defense contractors for Microphase's Radio Frequency (RF) Filter and Detector Log Video Amplifier product lines.
Israel. The improved financial position at Enertec during Q4 2021 enabled Enertec, based in Israel, to secure more than $3.7 million in orders for new work on electronics solutions for major prime defense contractors and providers of medical solutions.
United Kingdom. Bookings for power conversion equipment and displays at Gresham Worldwide operating companies in the U.K. exceeded $1.6 million for the quarter. Commercial customers continue to order earlier and in higher volume to drive backlog for RELEC Electronics Ltd into record territory. Defense bookings at Gresham Power Electronics Ltd continued to regain momentum.
Jonathan Read, Gresham Worldwide's Chief Executive Officer, said, "The fourth quarter of 2021 saw Gresham Worldwide continue to bring in orders which lay a solid foundation for a strong 2022 with significant amounts of work through 2024. Those orders include a mix of legacy business on long life cycle defense platforms as well as new offerings for customers in defense, medical, industrial and transportation sectors. We expect this upward trend in bookings to continue as the global economy begins to move beyond the pandemic and supply chains return to more normal patterns."
Timothy V. Long, Chief Operating Officer of Gresham Worldwide, added, "Our operating entities have maintained forward momentum despite the headwinds of the pandemic and supply chain turmoil. We made investments in people, infrastructure and retiring debt to strengthen our operations and drive growth in the capacity of Gresham Worldwide to deliver high quality bespoke technology solutions to meet the most demanding requirements. Our customers have responded with more orders while improved performance has attracted new customers as well."
For more information on BitNile and its subsidiaries, BitNile recommends that stockholders, investors, and any other interested parties read BitNile's public filings and press releases available under the Investor Relations section at www.BitNile.com or available at www.sec.gov.
About BitNile Holdings, Inc.
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's headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.BitNile.com.
About Gresham Worldwide Incorporated
Gresham Worldwide, Inc. is a private holding company that owns Enertec Systems 2001 Ltd, RELEC Electronics Ltd, Microphase Corporation and Gresham Power Electronics Ltd. Gresham Worldwide offers innovative, market leading solutions for electronic warfare, power conversion and electronics, RF solutions, electronic countermeasures, drone and robotics technologies. Gresham Worldwide and its subsidiaries primarily support the defense and aerospace industry as well mission critical applications in transportation, industrial and medical technology market sectors.
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 www.BitNile.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220217005426/en/
Link to original article
STRATEGIC CAPITAL PARTNERSHIP
On March 15, 2021, the Company and SAF Group (“SAF”) announced they had entered into an agreement to form a 50/50 joint venture through a new corporation, SunStream Bancorp Inc. SunStream is a private company focused on cannabisrelated verticals, seeking both Canadian and international opportunities and investments.
On July 7, 2021, the Company announced that it had increased its commitment to SunStream to $538 million from the previously announced commitment of $188 million. As of November 11, 2021, the Company had contributed $383 million to SunStream.
Updated: What Does Sundial Own? A Comprehensive List!
DD
This is a comprehensive list of all the companies Sundial owns, along with stakes that SNDL has taken in some companies, deals it has with others, and a list of the lending by Sunstream Bancorp. (Thanks to everyone who helped put this list together)
"The Sundial Group"
Sundialcannabis.com
Topleaf.ca
Palmettocannabis.ca
Grasslandscannabis.com
Spiritleaf.ca retail network (with over 100 locations)
Inner Spirits Holdings
7% of Village Farms
50% of Sunstream Bancorp, soon to IPO as Sunstream Opportunities LP
100% of Alcanna, will soon be acquired with its 171 locations, Wine and Beyond, Liquor Depot, and Ace liquor
62% of Nova Cannabis, will soon be ours via Alcanna acquisition (63+ locations) and with their Value Budds Branding
10% stake in Valens (ticker $VLNS) medical grade CBD
Pathway RX Inc. 25% equity and use of intellectual property
Simply Solventless Concentrates Ltd. (“SSC”) license agreement
Choklat Inc. ("Choklat") distribution agreement
Crescita Therapeutics Inc. development and licensing agreement
Vir Pharma Holdings Pty Ltd. A 3year medical cannabis oil supply agreement
______________________________________________________________________________________________
Sunstream Lending:
Greenrose Acquisition Corp. borrowed $103 million in August 2021
Skymint borrowed $78 million in September 2021
Jushi Holdings Inc. borrowed $100 million in October 2021
Zenabis has $60 million in revolving credit
Indiva $30.5 million?
Clever Leaf $41 million?
A link to the original post that contains further Due Dilligence:
What companies does Sundial Growers own? : SNDL (reddit.com)
Updated: What Does Sundial Own? A Comprehensive List!
DD
This is a comprehensive list of all the companies Sundial owns, along with stakes that SNDL has taken in some companies, deals it has with others, and a list of the lending by Sunstream Bancorp. (Thanks to everyone who helped put this list together)
"The Sundial Group"
Sundialcannabis.com
Topleaf.ca
Palmettocannabis.ca
Grasslandscannabis.com
Spiritleaf.ca retail network (with over 100 locations)
Inner Spirits Holdings
7% of Village Farms
50% of Sunstream Bancorp, soon to IPO as Sunstream Opportunities LP
100% of Alcanna, will soon be acquired with its 171 locations, Wine and Beyond, Liquor Depot, and Ace liquor
62% of Nova Cannabis, will soon be ours via Alcanna acquisition (63+ locations) and with their Value Budds Branding
10% stake in Valens (ticker $VLNS) medical grade CBD
Pathway RX Inc. 25% equity and use of intellectual property
Simply Solventless Concentrates Ltd. (“SSC”) license agreement
Choklat Inc. ("Choklat") distribution agreement
Crescita Therapeutics Inc. development and licensing agreement
Vir Pharma Holdings Pty Ltd. A 3year medical cannabis oil supply agreement
______________________________________________________________________________________________
Sunstream Lending:
Greenrose Acquisition Corp. borrowed $103 million in August 2021
Skymint borrowed $78 million in September 2021
Jushi Holdings Inc. borrowed $100 million in October 2021
Zenabis has $60 million in revolving credit
Indiva $30.5 million?
Clever Leaf $41 million?
A link to the original post that contains further Due Dilligence:
What companies does Sundial Growers own? : SNDL (reddit.com)
This could be huge
SNDL
BitNile Holdings Achieves Bitcoin Mining Production Milestone of More Than One Bitcoin per Day
February 14, 2022 06:30 AM Eastern Standard Time
LAS VEGAS--(BUSINESS WIRE)--BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”) today published an unaudited update on its Bitcoin production activity. As expected, the most recent delivery of the S19j Pro Antminers have been installed at our Michigan data center thereby increasing BitNile’s average daily mining production to more than one Bitcoin per day. BitNile's Bitcoin mining production is currently operating at an estimated annualized run rate of 367.34 Bitcoin based on current market conditions, including a mining difficulty of 26.7 trillion.
Milton “Todd” Ault, III, the Company’s Executive Chairman, stated, “We are pleased that the BitNile team continues to deliver on the goal of timely installation of new Bitcoin miners as they arrive at our Michigan data center. The plan to grow our Bitcoin mining operations is clear, and it is rewarding to see the team achieve key milestones along the way.”
As previously disclosed, BitNile has entered into purchase agreements with Bitmain Technologies Limited for a total of 20,600 Bitcoin miners, including 4,600 environmentally friendly S19 XP Antminers that feature a processing power of 140 terahashes per second (“TH/s”) and 16,000 S19j Pro Antminers that feature a processing power of 100 TH/s.
The Company will continue to publish monthly updates on Bitcoin production and miner installation.
The Company notes Bitcoin mining results are subject to the actual delivery and installation of Bitcoin miners, the volatility in Bitcoin market price, the fluctuation in the mining difficulty level, and other factors that may impact the results of operations.
For more information on BitNile and its subsidiaries, BitNile recommends that stockholders, investors, and any other interested parties read BitNile’s public filings and press releases available under the Investor Relations section at www.BitNile.com or available at www.sec.gov.
About BitNile Holdings, Inc.
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’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.BitNile.com.
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 www.BitNile.com.
Contacts
BitNile Holdings Investor Contact:
IR@BitNile.com or 1-888-753-2235
Awesome, should here details very soon. $SNDL
I’m interested what we will get in sunstream when the ipo hits
$SNDL
PYTHONS declare open season on SHORTS.
$SNDL
Awesome thanks
BitNile Holdings’ Subsidiary, TurnOnGreen, to Install Commercial EV Chargers in Exclusive Bel Air Shopping Center
February 10, 2022 06:30 AM Eastern Standard Time
LAS VEGAS--(BUSINESS WIRE)--BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (the “Company”), announced today that its green energy technology and power supply subsidiary, TurnOnGreen, Inc. (“TurnOnGreen”), has partnered with The Glen Centre, in Los Angeles, Calif. to expand the property’s electric vehicle charging capabilities for its thousands of annual visitors. The electrification project is expected to be complete by March 2022 and will feature TurnOnGreen’s commercial network level 2 charger, the EVP700G, installed in the main parking lot. Drivers will be able to locate the chargers using the TurnOnGreen mobile application and initiate a charging session with the app, QR code, or RFID card. The TurnOnGreen mobile application is available for download on the App Store for iPhone users and Google Play for Android users.
“We are excited to partner with the Glen Centre in order to provide their guests access to EV charging solutions that will help promote zero-emission travel throughout this historic region of Los Angeles”
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The Glen Centre, a premier Southern California shopping destination, has served the communities of Sherman Oaks, Beverly Hills, West Los Angeles, and Bel Air since 1978. The property features 25 retail locations, including six restaurants, a supermarket, and the world-famous Herb Albert’s Vibrato jazz club. Conveniently located between West Los Angeles and the San Fernando Valley, The Glen Centre offers a five-star shopping and dining experience with an EV charging infrastructure ideal for drivers seeking an opportunity to charge.
“We are excited to partner with the Glen Centre in order to provide their guests access to EV charging solutions that will help promote zero-emission travel throughout this historic region of Los Angeles,” said Marcus Charuvastra, Chief Revenue Officer for TurnOnGreen. “As we expand our commercial charging programs throughout North America, TurnOnGreen will continue to provide businesses with the opportunity to monetize their parking spaces while meeting their sustainability goals.”
According to the United States Department of Energy Alternative Fuels Data Center, there are 46,000 public charging stations in the U.S. and 1.8 million EVs on the road. The Edison Electric Institute estimates that there will be 22 million EV’s on U.S. roads by 2030 and will make up more than 27% of annual U.S. light-duty vehicle sales.
For more information on TurnOnGreen’s product line, please visit www.TurnOnGreen.com.
For more information on BitNile Holdings and its subsidiaries, BitNile recommends that stockholders, investors, and any other interested parties read BitNile’s public filings and press releases available under the Investor Relations section at www.BitNile.com or available at www.sec.gov.
About BitNile Holdings, Inc.
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’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.BitNile.com.
About TurnOnGreen, Inc.
TurnOnGreen Inc. designs and manufactures innovative, feature-rich, and top-quality power products for mission-critical applications, lifesaving and sustaining applications spanning multiple sectors in the harshest environments. The diverse markets we serve include defense and aerospace, medical and healthcare, industrial, telecommunications and e-Mobility. TurnOnGreen brings decades of experience to every project, working with our clients to develop leading-edge products to meet a wide range of needs. TurnOnGreen’s headquarters are located at Milpitas, CA; www.TurnOnGreen.com.
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 www.BitNile.com.
Contacts
IR@BitNile.com or 1-888-753-2235
We are good to go with organic growth alright. I can see 1 dollar minimum easy on the horizon.
$SNDL
Outstanding deals are there specialty.
$SNDL
You have a strange sense of direction
Not a bad idea
$SNDL running green, shorts are scared
Very green today no doubt
February 7, 2022 - 6:30 am LAS VEGASBitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”) today announced preliminary unaudited revenue for 2021 and revenue guidance for 2022.
The Company anticipates preliminary unaudited revenue of approximately $52 million for 2021, up 119% from revenue of $23.9 million in 2020. Further, the Company announced expected revenue of approximately $155 million for 2022, which would represent a 197% increase from 2021 preliminary unaudited revenue.
Preliminary revenue and revenue projections by business segment are as follows:
Business Segment
2021 Prelim 2022 Forecast
Bitcoin Mining $3,500,000 $ 82,100,000
Gresham Worldwide 25,600,000 29,600,000
TurnOnGreen 5,300,000 13,100,000
DP Lending 17,000,000 14,800,000
Real Estate 800,000 15,400,000
Total $ 52,200,000 $ 155,000,000
Milton “Todd” Ault, III, the Company’s Executive Chairman, stated, “We are encouraged by the Company’s momentum across its business segments, which leads us to expect significant revenue growth in 2022. We have several key initiatives that we expect will drive nearly 200% revenue growth from 2021 to 2022:
BitNile expects to grow its Bitcoin mining operations through strategic procurement of power at its Michigan data center to support the additional Bitcoin mining equipment the Company plans to install in 2022. The Company is taking a dual-path strategy for power procurement, looking at the cost benefit analysis of increasing capacity in Michigan versus procuring power in a more advantageous geography. To this end, BitNile is exploring various tax friendly locales in addition to opportunities through alternative energy sources, including hydropower. The Company’s projected Bitcoin mining revenue, presumes the installation of 20,600 Bitcoin miners by the end of 2022, a Bitcoin price of $41,500 and a mining difficulty level of 26.7 trillion;
TurnOnGreen projects revenue to grow from $5.3 million in 2021 to $13.1 million in 2022 through increased sales of its electric vehicle charging products; and
We are also expecting $15.4 million of revenue from our subsidiary, Ault Global Real Estate Equities, Inc., which recently announced the acquisition of four hotels including two Marriott and two Hilton Garden Inn hotels, located in the suburbs of Madison, Wisconsin.”
The Company notes Bitcoin mining estimates are subject to the actual delivery and installation of Bitcoin miners, the volatility in Bitcoin market price, the fluctuation in the mining difficulty level, and other factors that may impact the results of operations.
For more information on BitNile and its subsidiaries, BitNile recommends that stockholders, investors, and any other interested parties read BitNile’s public filings and press releases available under the Investor Relations section at www.BitNile.com or available at www.sec.gov.
About BitNile Holdings, Inc.
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’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.BitNile.com.
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 www.BitNile.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220207005353/en/
BitNile Holdings Investor Contact:
IR@BitNile.com or 1-888-753-2235
$SNDL not a chance in hell this get delisted
PYTHONS in the bushes ready to launch attack on shorts.
$SNDL
It's GO time $SNDL
Breaking: House of Reps Approves Marijuana Banking Bill, Attaches It To America COMPETES Act
Maureen Meehan - 3h ago
The U.S. House of Representatives formally attached a marijuana banking reform amendment to a large-scale bill dealing with innovation and manufacturing, marking the most recent development in the push to protect financial institutions that work with state-legal cannabis businesses.
Breaking: House of Reps Approves Marijuana Banking Bill, Attaches It To America COMPETES Act
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Breaking: House of Reps Approves Marijuana Banking Bill, Attaches It To America COMPETES Act
Marijuana Moment first reported that the amendment from sponsor Rep. Ed Perlmutter (D-CO) was preliminarily approved on Wednesday on a voice vote as part of an 'en bloc group' with other amendments, but a roll call was requested. The chamber then took that package back up on Thursday and passed it in a 262-168 vote.
“There was no floor debate about the cannabis provision itself, demonstrating how relatively noncontroversial the bipartisan-supported reform is in the House,” noted Marijuana Moment's Kyle Jaeger. “The Senate, as observers of the issue know, is a different story.” Yes, we do.
What’s Next?
Advocates will need to wait and see whether the America COMPETES Act, with the now-attached Secure and Fair Enforcement (SAFE) Banking Act, will actually pass in the House on Friday when a final vote is expected.
Marijuana legalization proponents have been pushing for the SAFE Banking Act to be passed into law for several years.
Though legislative hurdles have arisen in the past, it appears as though there may be momentum for meaningful change. The hope is that bicameral negotiations do not remove the desired language from the currently proposed legislation, ultimately setting the stage for its enactment.
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