BitNile to Provide Updates on Bitcoin Marketplace, Bitcoin Mining Operations, Electric Vehicle Initiatives, Global Defense Business Growth, The Singing Machine Company and Other Initiatives

BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”), announced today that its Executive Chairman, Mr. Milton “Todd” Ault, III, will be presenting at the 15th annual LD Micro Main Event that will be held next week from Tuesday, October 25 through Thursday, October 27, 2022 at the Luxe Sunset Boulevard Hotel in Southern California and features over 200 companies presenting during the three-day event.

Mr. Ault will be presenting at 10:00 AM Pacific Time on Tuesday, October 25, 2022 on behalf of the Company to a live audience and virtually for those unable to physically attend. Mr. Ault looks forward to reviewing the achievements made by the Company and its subsidiaries, including:

• BitNile’s Bitcoin mining operations and data center;
• The prospective launch of the Bitcoin Marketplace;
• TurnOnGreen’s merger with Imperalis Holdings and progress related to TurnOnGreen’s electric vehicle charging products;
• The growth of Gresham Worldwide’s defense business and the closing of the share exchange agreement with Giga-tronics;
• The progress of The Singing Machine since its acquisition by the Company earlier this year;
• Updates on the planned spin-offs creating four public companies;
• An overview of the Company’s licensed California finance lender and investing initiatives; and
• The Company’s plans for the remainder of 2022 and beyond.

This event is being held live with virtual attendance available for those who cannot attend in person. Registration is mandatory to attend any of the presentations, whether live or virtual. To register, please use this link, https://www.meetmax.com/sched/event_86249/invitee_login.html?attendee_role_id=INVESTOR

For more information on BitNile and its subsidiaries, BitNile recommends that stockholders, investors, and any other interested parties read BitNile’s public filings and press releases available under the Investors section at www.BitNile.com or available at http://www.sec.gov/.

About BitNile Holdings, Inc.

BitNile Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, BitNile owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including oil exploration, defense/aerospace, industrial, automotive, medical/biopharma, karaoke audio equipment, hotel operations and textiles. In addition, BitNile extends credit to select entrepreneurial businesses through a licensed lending subsidiary. BitNile’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.BitNile.com.

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 www.BitNile.com.

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