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Hyperscale Data Inc. (NYSE American: GPUS) announced that its subsidiary BitNile.com has developed a strategic roadmap for its $NILE utility token on the Solana blockchain. The token currently has an estimated market capitalization of approximately $103 million, with 99% held by BitNile, according to CoinMarketCap data provided in the company’s press release.
The $NILE token operates on Solana blockchain infrastructure and is designed to support BitNile’s Web3 strategy. The company plans to integrate the token into mobile gaming applications on Google Play and Apple App Store, where it will function for in-game rewards, non-fungible token licenses and leaderboard achievements.
BitNile intends to establish a validator node network where users can participate in validating blockchain-based gaming events and receive $NILE tokens as rewards. The token will also power blockchain applications connecting users, developers and content creators.
"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. "Our goal is to engineer a new Web3 entertainment community where $NILE plays a central role in gaming, engagement and real-time crypto rewards."
The token is currently available through decentralized digital asset exchanges. BitNile stated it plans to expand accessibility and market presence for the token in the second half of 2025.
Hyperscale Data operates data centers for digital asset mining and AI ecosystem services through its subsidiary Sentinum Inc. The company expects to divest its Ault Capital Group subsidiary around December 31, 2025.