Ault Alliance and BitNile Metaverse Announce BitNile.com Experiences Significant Growth, Surpassing 370,000 Active Users in First 21 Days
March 23 2023 - 8:30AM
Business Wire
- Over 370,000 active users in the first 21 days of early
access
- Companies expect introduction of three new games and three
new in-world features within the next 30 days
Ault Alliance, Inc. (NYSE American: AULT), a diversified holding
company (“Ault Alliance”) and BitNile Metaverse, Inc. (Nasdaq:
BNMV) (“BitNile Metaverse”), the company behind the rapidly
growing virtual world, BitNile.com, announce that BitNile.com has
surpassed 370,000 active users in the first 21 days since launching
its early access phase. This extraordinary growth demonstrates the
platform’s appeal to users worldwide and emphasizes its position as
a major player in the Metaverse landscape.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230323005379/en/
In response to this success, BitNile Metaverse has revealed that
it will introduce three new games and three new in-world features
to the platform within the next 30 days. These additions will not
only expand the range of experiences available to users but also
contribute to the continued growth and development of the
platform.
Joe Spaziano, Chief Technology Officer of BitNile Metaverse,
expressed his enthusiasm for the BitNile Metaverse’s achievements,
stating, “We are only getting started, and we see new users joining
us from all over the world. This is what the metaverse is supposed
to be: a global, connected experience that brings people
together.”
BitNile Metaverse’s commitment to enhancing the user experience
through continuous innovation and expansion is expected to further
strengthen its position in the metaverse market. As more users
flock to BitNile.com, the platform is poised to become a leading
destination for those seeking a truly immersive and interconnected
virtual world.
For more information, please visit www.bitnile.com.
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 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 240, Las Vegas, NV 89141;
www.ault.com.
About BitNile Metaverse
Founded in 2011, BitNile Metaverse owns 100% of BitNile.com,
Inc., 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 BitNile.com, Inc., 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
continuation of high oil prices, the acceptance of the Platform by
individuals, competition with much larger companies operating
metaverses, BitNile Metaverse’s ability to raise capital, and state
regulation of bitcoin mining, 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230323005379/en/
Ault Alliance Investor Contact: IR@Ault.com or
1-888-753-2235
BitNile Metaverse Investor Contacts:
investorrelations@bitnile.net or 1-800-762-7293
BitNile Metaverse (NASDAQ:BNMV)
Historical Stock Chart
From Jun 2024 to Jul 2024
BitNile Metaverse (NASDAQ:BNMV)
Historical Stock Chart
From Jul 2023 to Jul 2024