Bitnile.com now accepts Nile Coin for in-game currency purchases, enhancing its gaming platform offerings.
Quiver AI Summary
Hyperscale Data, Inc. announced that its subsidiary, Bitnile.com, is now accepting the Nile Coin (NILE) as payment for its Nile Package, which includes virtual in-game currency called Nile tokens for casino-style social games. Launched on the Solana Blockchain on May 3, 2025, Nile tokens allow entry into various games but cannot be exchanged for cash or prizes. The Nile Package purchase also grants Nile sweeps coins, which provide entries into sweepstakes for prizes or cryptocurrency. CEO Joe Spaziano emphasized that the incorporation of Nile Coin enhances the gaming ecosystem. This move is part of Hyperscale Data's broader initiative to integrate blockchain technology with practical applications across diverse sectors. The company expects to divest its subsidiary Ault Capital Group by the end of 2025, focusing on data center operations and high-performance computing.
Potential Positives
- Bitnile.com now accepts Nile Coin as a payment method, enhancing the utility of the cryptocurrency within its gaming ecosystem.
- The launch of the Nile Coin on the Solana Blockchain signifies a commitment to blockchain innovation and real-world applications in gaming.
- The acceptance of Nile Coin is expected to expand user opportunities and enhance engagement within the Bitnile.com platform.
Potential Negatives
- The press release lacks specific financial details regarding the performance of the newly launched Nile Coin and its expected impact on the company’s revenue, which may create uncertainty among investors.
- The announcement of the divestiture of Ault Capital Group, Inc. may raise concerns about the company’s strategic direction and ability to maintain diverse revenue streams in the future.
- The reliance on a new cryptocurrency within a competitive market carries inherent risks that could negatively affect the company’s branding and user acceptance if the initiative does not succeed.
FAQ
What is the Nile Coin?
The Nile Coin is a digital currency launched by Bitnile.com on the Solana Blockchain, used for in-game purchases.
How can I use Nile Coin on Bitnile.com?
You can use Nile Coin to purchase the Nile Package, which includes virtual currency tokens for games.
What are Nile tokens and Coins?
Nile tokens are used in games, while Nile sweeps coins offer sweepstakes entries for prizes or cryptocurrency.
What is the purpose of the divestiture planned for Ault Capital Group?
The divestiture aims to focus on data centers supporting high-performance computing and possibly continue Bitcoin mining.
How can I find more information about Hyperscale Data?
Visit the Investor Relations section on hyperscaledata.com or check public filings at www.sec.gov.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$GPUS Insider Trading Activity
$GPUS insiders have traded $GPUS stock on the open market 7 times in the past 6 months. Of those trades, 6 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $GPUS stock by insiders over the last 6 months:
- MILTON C III AULT (Executive Chairman) has made 6 purchases buying 1,800 shares for an estimated $10,808 and 0 sales.
- WILLIAM B. HORNE (Chief Executive Officer) sold 2 shares for an estimated $10
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
Full Release
LAS VEGAS, June 04, 2025 (GLOBE NEWSWIRE) --
Hyperscale Data, Inc.
(NYSE American: GPUS), a diversified holding company (“
Hyperscale Data
” or the “
Company
”), today announced indirectly owned subsidiary
Bitnile.com
, Inc. (“
Bitnile.com
”) is now accepting the
Nile Coin
(NILE) (“
Nile Coin
”) as a form of payment for a package (the “
Nile Package
”) of Bitnile.com’s virtual in-game currency, Nile tokens (the “
Tokens
”). Bitnile.com officially launched the Nile Coin on the Solana Blockchain on May 3, 2025.
The Tokens are used to enter a wide range of casino-style social games on Bitnile.com, including slots, poker and blackjack. The Tokens cannot be redeemed for cash or prizes. In addition to the Tokens, purchases of the Nile Package receive Nile sweeps coins (the “
Coins
”). The Coins, which cannot be purchased, give the holder sweepstakes entries, the winners of which can receive prizes or cryptocurrency (in the form of currency used to purchase the Nile Package that gifted the Coins).
Joe Spaziano, Chief Executive Officer of Bitnile.com, stated, “Nile Coin brings real utility to our gaming ecosystem, and we are excited to accept it on the Bitnile.com platform. We are confident that this will expand the opportunities for users to utilize the Nile Coin and to enjoy the product offerings within the Bitnile.com platform. The acceptance of the Nile Coin along with other recently announced cryptocurrency is a major step forward in the development of the Bitnile.com platform.”
The Nile Coin is part of a broader digital asset initiative driven by Hyperscale Data and its subsidiaries, aiming to merge blockchain innovation with real world applications across gaming, finance, and artificial intelligence (“
AI
”) infrastructure.
This press release is for information purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of Nile Coins in any state or other jurisdiction in which such offer, solicitation or sale or such assets or securities would be unlawful under the laws of any such state or other jurisdiction.
For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at
hyperscaledata.com
or available at
www.sec.gov.
About Hyperscale Data, Inc.
Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, Ault Capital Group, Inc. (“
ACG
”), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.
Hyperscale Data expects to divest itself of ACG on or about December 31, 2025 (the “
Divestiture
”). Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support high-performance computing services, though it may at that time continue to mine Bitcoin. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.
On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “
Series F Preferred Stock
”) to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “
ACG Shares
”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.
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
hyperscaledata.com
.
Hyperscale Data Investor Contact:
IR@hyperscaledata.com
or 1-888-753-2235
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
