InvestorsHub Logo
Followers 19
Posts 1397
Boards Moderated 0
Alias Born 05/16/2018

Re: None

Wednesday, 06/22/2022 9:52:57 AM

Wednesday, June 22, 2022 9:52:57 AM

Post# of 2040
BitNile Holdings: Way More Than Just A Crypto Play

Summary

Most investors perceive BitNile as a crypto play. However, this is incorrect. Cryptocurrency only reflected ~10% of total Q1 2022 revenue.
In addition, BitNile also has exposure to real estate, aerospace and defense, EV charging and technology, commercial lending and activist investing.
The main reason why the share price is severely depressed relates to the common stock ATM (at-the-market) offering, which has caused tremendous selling pressure.
The good news is that the ATM is finally coming to an end and BitNile has created a substantial asset base, exceeding $500 million, capable of generating attractive cash flows.
The CEO recently purchased 1 million shares in the open market, a significant vote of confidence. BitNile is significantly undervalued.

https://seekingalpha.com/article/4519473-bitnile-holdings-more-than-crypto-play?mailingid=28136322&messageid=portfolio&serial=28136322.995202&source=email_portfolio&utm_campaign=nl-portfolio&utm_content=portfolio_digest&utm_medium=email&utm_source=seeking_alpha&utm_term=28136322.995202
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent AULT News