BitNile sees FY23 revenue $200M, one estimate $111.39M

BitNile Holdings announced revenue guidance for 2023 of more than $200M, including anticipated revenue from the recently announced agreement to purchase assets of Circle 8 Crane Services, but excluding revenue from Imperalis Holding and Giga-tronics, both of which have been announced as future spin-offs from the Company. The Company notes that all estimates and other projections are subject to a number of factors that could result in decreased revenue for FY23, including, but in no way not limited to: the unforeseen delays in delivery and installation of Bitcoin miners, the volatility in, and downward pressure on, Bitcoin’s market price, the increase in the mining difficulty level, whether the Company will close the acquisition of Circle 8, revenues and profits generated by its wholly owned subsidiary Ault Lending, the Company’s operations in the oil and gas industry and the potential continuation of falling crude oil prices, and a significant number of other factors that could adversely impact the results of production or operations.