BitNile Holdings (NYSE-A:NILE) CEO Todd Ault explains the investment holding company’s strategy of acquiring undervalued businesses and disruptive technologies as it builds a portfolio of diversified assets.
Ault explained that the company’s holdings include a data centre business, a real estate business including investments in hotels, and a significant stake in early clinical-stage biopharmaceutical company Alzamend Neuro, a company that Ault founded.
“On top of all that, we mine Bitcoin and we are very, very invested in Bitcoin,” Ault added. “We have spent more than $150 million building out our mining operation in Dowagiac, Michigan. So we are an unusual small cap holding company.”
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