- Hyperscale Data's subsidiary BitNile.com to launch Nile Coin on Solana blockchain on May 1, 2025.
- Solana chosen for its high-performance infrastructure, fast transaction speeds, and scalability.
- Future utility of Nile Coin to be announced in upcoming updates.
Hyperscale Data, Inc. (GPUS, Financial), a diversified holding company, has announced that its wholly owned subsidiary, BitNile.com, will develop and launch the Nile Coin on the Solana blockchain platform. The launch is scheduled for May 1, 2025. BitNile.com, a U.S.-based social gaming platform, selected Solana due to its high-performance infrastructure, streamlined onboarding process, transaction speed, and scalability.
Joe Spaziano, Chief Executive Officer of BitNile.com, stated, "This launch is an exciting step in expanding the BitNile.com platform, and we remain focused on harnessing advanced technologies to enhance user engagement and drive long-term value for our stakeholders."
While the specific utility of Nile Coin has not yet been disclosed, the company plans to provide additional updates in the coming weeks regarding its future use. The launch is seen as a strategic expansion into blockchain technology and aims to enhance user engagement on the social gaming platform, potentially driving long-term stakeholder value.
Interested parties, including stockholders and investors, are encouraged to read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or www.sec.gov for more information.
