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Cryptocurrency News Articles
The Nile Coin Began Trading on the Solana Blockchain on May 3
May 09, 2025 at 06:38 pm
Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company ("Hyperscale Data" or the "Company"), today announced that
Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company, announced that its indirectly owned subsidiary BitNile.com, Inc. (”Bitnile.com”) has officially launched the Nile Coin (NILE) (“Nile Coin”) on the Solana Blockchain.
The U.S.-based social gaming platform, Bitnile.com, minted 500 billion units of Nile Coin and the current market capitalization as of May 8, 2025 is approximately $164.5 million, based upon a recent price of $0.000329 on Solana-based decentralized exchanges, supported by its primary liquidity pool on Raydium. BitNile.com initially provided 100 million units of Nile Coin and 11 SOL to the liquidity pool, from which Bitnile.com has sold approximately 76.6 million units of Nile Coin of the total amount minted to date; the remaining approximately 23.4 million NILE and 47 SOL in the pool are still represented by the Company’s liquidity pool tokens.
Some additional facts about the Nile Coin:
* The Nile Coin is a new cryptocurrency that is being launched on the Solana blockchain.
* BitNile.com is the primary liquidity provider for the Nile Coin.
* The company plans to accept the coin as a form of payment on or around June 1, 2025.
* Hyperscale Data is a diversified holding company with a subsidiary that is a major operator of high-performance computing services.
* The company's common stock and preferred stock are traded on the New York Stock Exchange American.
“We are very pleased with the initial launch of the Nile Coin and are excited to integrate the Nile Coin into our social gaming platform,” said Joe Spaziano, Chief Executive Officer of Bitnile.com. “By accepting the Nile Coin as a form of payment on Bitnile.com, we hope to provide users with an additional onboarding option and enhance the accessibility of the offerings on the platform. We expect to begin accepting the Nile Coin as a form of payment on or about June 1, 2025.”
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.
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 artificial intelligence (“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
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