BitNile (NILE) Announces Planned Spin-Offs Creating Four Public Companies
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BitNile Holdings Announces Planned Spin-Offs Creating Four Public Companies
September 9, 2022 6:00 AM EDTTurnOnGreen and Gresham Worldwide are now publicly traded companies. BitNile intends to have Ault Alliance become a publicly reporting holding company focused on Bitcoin mining, data center operations, lending, activist investing, oil exploration, and real estate whereas BitNile will focus on a new Bitcoin marketplace platform
Upon completion of the spin-offs BitNile will have distributed substantially all of its nearly $600 million assets to its shareholders
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