BitNile.com seeks centralized exchange listing for $NILE coin

LAS VEGAS - BitNile.com, an indirect majority-owned subsidiary of Hyperscale Data, Inc. (NYSE American:GPUS), announced Wednesday its plans to pursue listings on centralized digital asset exchanges for its native utility token $NILE. According to InvestingPro data, Hyperscale Data currently trades near its 52-week low of $0.83, with a market capitalization of approximately $19 million.

The $NILE coin, which operates on the Solana blockchain, currently has an estimated market capitalization of approximately $103 million according to CoinMarketCap, with 99% currently held by BitNile. The token is presently only available through decentralized exchanges. This market cap significantly exceeds that of its parent company, which InvestingPro analysis shows has been experiencing rapid cash burn and maintains a concerning debt-to-equity ratio of 19x.

BitNile intends to expand the token’s accessibility in the second half of 2025 as part of its broader Web3 strategy. The company plans to integrate $NILE into mobile games on Google Play and Apple App Store, develop validator node architecture where users can earn rewards, and power blockchain applications. These expansion plans come as the parent company faces significant financial challenges, with InvestingPro data showing a negative EBITDA of -$19 million and a weak overall financial health score.

"We have invested a significant amount of capital in BitNile.com as a brand and we are hoping to capitalize on the brand recognition and foundation that we have built," said Joe Spaziano, Chief Executive Officer of BitNile, in the press release statement.

BitNile is owned by Hyperscale Data, a diversified holding company that operates data centers for cryptocurrency mining and colocation services through its subsidiary Sentinum, Inc. Hyperscale Data also owns Ault Capital Group, which the company expects to divest around December 31, 2025.

The $NILE token (Solana Token:7evZ2P7uyerbqtVMjvFav4Gr4KnmPtYEGALJoRKVpgFz) is intended to serve as the foundation for BitNile’s expanding Web3 ecosystem, which aims to connect users, developers, and content creators.

In other recent news, Hyperscale Data, Inc. reported a 45% increase in its second-quarter revenue, reaching $25.8 million compared to $17.8 million in the same period last year. The company also reaffirmed its full-year revenue guidance for 2025, projecting between $125 million and $135 million. Additionally, Hyperscale Data has announced plans to expand its Michigan data center campus to 340 megawatts by the third quarter of 2029, focusing on artificial intelligence and high-performance computing infrastructure. In a strategic move to strengthen its financial position, the company reduced its outstanding debt by more than $20 million. This debt reduction is part of its efforts to transform into a focused AI data center platform. Furthermore, Hyperscale Data declared monthly cash dividends for two series of its preferred stock, with payments scheduled for August 11, 2025. The company’s askROI mobile application has also surpassed 590,000 cumulative downloads, indicating strong demand for its AI tools. These developments highlight Hyperscale Data’s ongoing efforts to enhance its financial standing and expand its technological capabilities.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.