DPW - Ault Global Holdings to split into two public companies will change its name to BitNile Holdings

Ault Global Holdings (NYSE:DPW) announced its plan to split into two public companies BitNile and Ault Alliance. Ault Alliance to be spun off as a separate public company to stockholders in late 2022. The company will change its name to BitNile Holdings, Inc. and stock symbol to NILE by the end of 2021. BitNile will focus on Bitcoin mining, data center operations and decentralized finance opportunities. Ault Alliance will continue its focus on the company’s legacy businesses and more recently initiated operations, including lending and investing in the real estate and distressed asset spaces, among others, defense, and power solutions, including EV charging products. Each business is expected to benefit from increased operational focus, independent capital allocation based on the needs of the businesses, dedicated and focused boards of directors and compelling investment profiles that will appeal to investors with distinct interests. The Company’s Founder and Executive Chairman, Milton “Todd” Ault,

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Ault Global Holdings to split into two public companies, will change its name to BitNile Holdings