NILE - BitNile Holdings: Way More Than Just A Crypto Play

• Most investors perceive BitNile as a crypto play. However, this is incorrect. Cryptocurrency only reflected ~10% of total Q1 2022 revenue.
• In addition, BitNile also has exposure to real estate, aerospace and defense, EV charging and technology, commercial lending and activist investing.
• The main reason why the share price is severely depressed relates to the common stock ATM (at-the-market) offering, which has caused tremendous selling pressure.
• The good news is that the ATM is finally coming to an end and BitNile has created a substantial asset base, exceeding $500 million, capable of generating attractive cash flows.
• The CEO recently purchased 1 million shares in the open market, a significant vote of confidence. BitNile is significantly undervalued.

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