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BitNile Holdings Inc. to merge subsidiary Ault Alliance with BitNile

January 4, 2023

BitNile Holdings Inc., a provider of Bitcoin mining and a holding company, has announced it will merge its subsidiary Ault Alliance Inc. with BitNile. As of Jan. 3, the combined company is operating under the name Ault Alliance, according to a press release.

This company will be organized into three segments:

• Energy and infrastructure.
• Technology and finance.
• Hotels, real estate and data center.

"The name change to Ault Alliance reflects the changes we began to build in 2017 and grow to become the diversified holding company we are today," Milton Ault III, founder and executive chairman, Ault, said in the release. "We have built a diversified portfolio of companies with assets totaling more than $600 million."