Ault Alliance Inc. (“Ault Alliance”) and BitNile
Metaverse, Inc. (“BitNile Metaverse”) announced today that
BitNile.com (the “Platform”) is celebrating the BitNile.com
Grand Prix of Portland by giving 200,000 Nile tokens to everyone
who creates an avatar on the Platform. BitNile Metaverse recently
announced that the Platform is the title sponsor for this year’s
NTT INDYCAR SERIES event at Portland International Raceway
(“PIR”), being held on September 3, 2023. The Platform is
owned and operated by BitNile.com, Inc. (“BNC”), a wholly
owned subsidiary of BitNile Metaverse, which is a consolidated
minority beneficially owned subsidiary of Ault Alliance.
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the full release here:
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BitNile Metaverse stated that from midnight, September 1, 2023
through 11:59 pm on September 30, 2023 (all times Eastern), any
account, either new or previously active, that has a saved avatar
on the Platform will be awarded a gift of 200,000 Nile Tokens for
in-world use with social gaming on the Platform, including Roulette
and Blackjack, the latter of which has been launched as of
September 1, 2023. The Platform anticipates that the reward of
200,000 Nile tokens will be uploaded into each account within 72
hours of confirmation of the saved avatar.
The Platform is a rapidly growing virtual world with over 1.4
million engaged users. Launched earlier this year, the Platform
introduced social gaming with the launch of roulette, offering
users an opportunity to play for fun or real money prizes, and also
allows gamers the opportunity to drive on virtual racetracks
including the Indianapolis Motor Speedway. BNC also sponsors Ed
Carpenter Racing, an NTT INDYCAR SERIES team that will be
represented by previous Indianapolis 500 winner Ryan Hunter-Reay
and Rinus VeeKay in the BitNile.com Grand Prix of Portland.
“BNC is launching this giveaway of 200,000 Nile tokens for use
in the social gaming area of the Platform to achieve its goal of
introducing the Platform to the widest audience possible and to
gain the greatest number of new active memberships through the
sponsorship of the Portland Grand Prix. We firmly believe that the
BitNile.com Grand Prix of Portland embodies the essence of
innovation and technology, mirroring the cutting-edge nature of the
metaverse world,” stated Milton “Todd” Ault III, Executive Chairman
of Ault Alliance and BNC. “By sponsoring this thrilling event at
PIR, we applaud BitNile.com’s passion for technological advancement
within their virtual world and for creating an electrifying
experience for IndyCar fans both at the track and in the
metaverse.”
Users can access and explore the early-access version of the
Platform and receive updates by visiting https://BitNile.com.
Single-day tickets for the BitNile.com Grand Prix of Portland at
the PIR, featuring 10 total races from five different series and
taking place between September 1 and September 3, 2023, are on
sale. Ticket prices start as low as $25 for single-day general
admission and $70 for single-day grandstand seats. Three-day
tickets remain available for purchase and offer the best value.
Fans should visit portlandgp.com to buy tickets for the BitNile.com
Grand Prix of Portland weekend.
The 2023 BitNile.com Grand Prix of Portland marks the 29th
running of this event, adding to the rich history of open-wheel
racing in the Rose City. The NTT INDYCAR SERIES headlines the
weekend events. This late-season race that could decide and
finalize the championship chase. The series points leader after the
completion of the past four Portland rounds (2018, 2019, 2021 and
2022) has gone on to claim the NTT INDYCAR SERIES championship.
This year’s field will feature returning race winners Scott
McLaughlin (2022), Alex Palou (2021) and Will Power (2019). The
grid will boast other notable drivers such as 10-year Formula One
veteran Romain Grosjean and, including Mr. Power, eight
Indianapolis 500 winners, including this year’s winner Josef
Newgarden, four-time winner Helio Castroneves, 2008 winner and
six-time NTT INDYCAR SERIES champion Scott Dixon, Marcus Ericsson,
Ryan Hunter-Reay, Simon Pagenaud and Alexander Rossi.
About Ault Alliance, Inc.
Ault Alliance, 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, Ault
Alliance owns and operates a data center at which it mines Bitcoin
and offers colocation and hosting services for the emerging
artificial intelligence ecosystems and other industries, and
provides mission-critical products that support a diverse range of
industries, including metaverse platform, oil exploration, crane
services, defense/aerospace, industrial, automotive,
medical/biopharma, consumer electronics, hotel operations and
textiles. In addition, Ault Alliance extends credit to select
entrepreneurial businesses through a licensed lending subsidiary.
Ault Alliance’s headquarters are located at 11411 Southern
Highlands Parkway, Suite 24w0, Las Vegas, NV 89141;
www.Ault.com.
About BitNile Metaverse, Inc.
Founded in 2011, BitNile Metaverse (Nasdaq: BNMV) owns 100% of
BNC, including the BitNile.com metaverse Platform. The Platform,
which went live to the public on March 1, 2023, allows users to
engage with a new social networking community and purchase both
digital and physical products while playing 3D immersive games. In
addition to BNC, BitNile Metaverse also owns three non-core
subsidiaries either directly or indirectly: approximately 66% of
Wolf Energy Services Inc. (OTCQB: WOEN) indirectly; 100% of Zest
Labs, Inc. directly; and approximately 89% of Agora Digital
Holdings Inc. directly. BitNile Metaverse also owns approximately
70% of White River Energy Corp (OTCQB: WTRV).
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 neither Ault Alliance nor BitNile Metaverse undertake any
obligation to update any of these statements 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. In addition to risks relating to the
acceptance of the Platform by individuals, competition with much
larger companies operating metaverses and BitNile Metaverse’s
ability to raise capital, investors should review risk factors,
that could affect either or both of the Ault Alliance’s and BitNile
Metaverse’s respective businesses and financial results which are
included in Ault Alliance’s and BitNile Metaverse’s respective
filings with the U.S. Securities and Exchange Commission,
including, but not limited to, their respective Forms 10-K, 10-Q
and 8-K. All such filings are available at www.sec.gov and on the
companies’ websites at www.Ault.com and www.BitNile.net,
respectively.
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version on businesswire.com: https://www.businesswire.com/news/home/20230901876131/en/
Ault Alliance Investor Contact: IR@Ault.com or
1-888-753-2235
BitNile Metaverse Investor Contact:
investorrelations@bitnile.net or 1-800-762-7293
BitNile Metaverse (NASDAQ:BNMV)
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