Hyperscale Data Subsidiary BitNile.com Launches Nile Coin on the Solana Blockchain

Hyperscale Data (NYSE: GPUS) subsidiary BitNile.com has launched the Nile Coin (NILE) on the Solana blockchain on May 3, 2025.

The company minted 500 billion Nile Coins, with a current market capitalization of approximately $164.5 million at a recent price of $0.000329, based on May 8, 2025 data from Solana-based decentralized exchanges, supported by the primary liquidity pool on Raydium.

Initially, BitNile.com provided 100 million Nile Coins and 11 SOL to the liquidity pool on Raydium, and to date, they have sold about 76.6 million Nile Coins from the total amount minted.

The treasury wallet holds over 3.2 billion Nile Coins, with 99.8% of the supply, or about 498.9 billion NILE, is in a Streamflow-audited smart contract, vesting at a linear rate of approximately 0.46 billion NILE daily over 36 months.

Moreover, BitNile.com plans to integrate the Nile Coin as a payment option on its social gaming platform around June 1, 2025.

The company is making several interesting moves in the cryptocurrency space with the launch of the Nile Coin. The token's economics are straightforward, with a fixed supply and no mint or freeze authority, ensuring the integrity of the token issuance.

The interesting aspect lies in the integration strategy with BitNile's social gaming platform, which could open up new revenue streams and expand the company's presence in the rapidly growing gaming and Web3 sectors.

This launch signifies another step in BitNile's broader strategy to expand its offerings beyond its core businesses, which include data center operations, digital asset mining, and restaurant franchises.

As BitNile continues to diversify, its forays into the cryptocurrency domain will be closely watched by investors interested in the intersections of traditional finance, new technology, and emerging gaming trends.

The company is a subsidiary of Hyperscale Data (NYSE: GPUS), a diversified holding company.

Also Read: Best Cryptocurrency Scanners For Advanced Technical Analysis