Benzinga | Jan 14, 2022 06:31AM EST

BitNile Reports Partnership With Ed Carpenter Racing To Sponsor No. 20 BitNile Chevrolet For 2022 NTT INDYCAR SERIES

BitNile Holdings, Inc (NYSE:NILE), a diversified holding company ("BitNile" or the "Company") announced today a new partnership with Ed Carpenter Racing to serve as primary partner for the No. 20 Chevrolet in a two-year deal (subject to certain termination provisions) as Ed Carpenter Racing welcomes back Conor Daly as the full-time driver for the 2022 NTT INDYCAR SERIES season. BitNile will also serve as an associate sponsor on Ed Carpenter Racing's second entry, the No. 21 Chevrolet.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220114005127/en/

BitNile Holdings, Inc (NYSE:NILE), is the primary sponsor of the Ed Carpenter Racing No. 20 Chevrolet in a two-year deal as Ed Carpenter Racing welcomes back Conor Daly as the full-time driver for the 2022 NTT INDYCAR SERIES season. (Photo: Business Wire)BitNile Holdings, Inc (NYSE:NILE), is the primary sponsor of the Ed Carpenter Racing No. 20 Chevrolet in a two-year deal as Ed Carpenter Racing welcomes back Conor Daly as the full-time driver for the 2022 NTT INDYCAR SERIES season. (Photo: Business Wire)The upcoming season will mark Daly's return to Ed Carpenter Racing for a third year, though it will be his first as full-time driver of the No. 20 BitNile Chevrolet. Over the past eight years Conor Daly, an Indiana native, has competed in 80 Indy car races. The 2021 Indianapolis 500 proved a career highlight for the hometown favorite as he paced the field for nearly a quarter of the race, leading the most laps of all drivers.

Milton "Todd" Ault, III, the Company's Executive Chairman, stated, "I've been a fan of Indy car racing for a long time, and it is exciting to have the opportunity to team up with Ed Carpenter Racing. It's a natural fit for BitNile to invest in a small Indiana business as we have a number of investments in the Midwest, including our mining facilities." He added, "BitNile operates with a Risk On' philosophy where we believe risk is a key element to winning. Conor Daly and Ed Carpenter Racing share that mindset."

Next Wednesday, January 19, Messrs. Daly and Carpenter will be guests on Mr. Ault's podcast, Risk On. Viewers can watch a livestream from the ECR shop on YouTube at 4 p.m. ET. The 2022 NTT INDYCAR SERIES season will begin on Sunday, February 27, 2022 in St. Petersburg, FL.

BitNile previously announced its plan to split into two public companies by distributing the equity of Ault Alliance to its stockholders. Following the spin-off of Ault Alliance, the Company, through its BitNile, Inc. subsidiary, will be a pure-play provider of Bitcoin mining and data center operations, pursuing DeFi-related initiatives. Ault Alliance will maintain 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 as well as, among others, defense, and power solutions, including electric vehicle charging products.

For more information on BitNile Holdings and its subsidiaries, BitNile recommends that stockholders, investors, and any other interested parties read BitNile's public filings and press releases available under the Investor Relations section at www.BitNile.com or available at www.sec.gov.