Hyperscale Data (GPUS) 10-Q 22 Aug 22 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2022	Aug. 18, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	1-12711
Entity Registrant Name	BITNILE HOLDINGS, INC.
Entity Central Index Key	0000896493
Entity Tax Identification Number	94-1721931
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	11411 Southern Highlands Pkwy
Entity Address, Address Line Two	240
Entity Address, City or Town	Las Vegas
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89141
City Area Code	(949)
Local Phone Number	444-5464
Title of 12(b) Security	Class A Common Stock, $0.001 par value
Trading Symbol	NILE
Security Exchange Name	NYSEAMER
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		330,961,668

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
CURRENT ASSETS
Cash and cash equivalents	$ 24,133,000	$ 15,912,000
Restricted cash	4,672,000	5,321,000
Marketable equity securities	17,467,000	40,380,000
Digital currencies	2,745,000	2,165,000
Accounts receivable	18,076,000	6,455,000
Accrued revenue	2,177,000	2,283,000
Inventories	20,833,000	5,482,000
Investment in promissory notes and other, related parties	2,770,000	2,842,000
Prepaid expenses and other current assets	13,734,000	15,436,000
TOTAL CURRENT ASSETS	106,607,000	96,276,000
Cash and marketable securities held in Trust Account	116,895,000	116,725,000
Intangible assets, net	8,084,000	4,035,000
Goodwill	55,322,000	10,090,000
Property and equipment, net	245,987,000	174,025,000
Right-of-use assets	7,735,000	5,243,000
Investments in common stock, related parties	8,845,000	13,230,000
Investments in other equity securities	38,495,000	30,482,000
Investment in unconsolidated entity		22,130,000
Loans receivable	4,352,000	14,337,000
Other assets	3,949,000	3,713,000
TOTAL ASSETS	596,271,000	490,286,000
CURRENT LIABILITIES
Accounts payable and accrued expenses	43,525,000	22,755,000
Investment margin accounts payable		18,488,000
Operating lease liability, current	2,484,000	1,123,000
Notes payable, net	7,340,000	39,554,000
Convertible notes payable, current	1,884,000
TOTAL CURRENT LIABILITIES	55,233,000	81,920,000
LONG TERM LIABILITIES
Operating lease liability, non-current	5,538,000	4,213,000
Notes payable	55,547,000	55,055,000
Convertible notes payable	14,209,000	468,000
Deferred underwriting commissions of Ault Disruptive subsidiary	3,450,000	3,450,000
TOTAL LIABILITIES	133,977,000	145,106,000
Redeemable noncontrolling interests in equity of subsidiaries	116,895,000	116,725,000
STOCKHOLDERS’ EQUITY
Additional paid-in capital	549,713,000	385,644,000
Accumulated deficit	(200,184,000)	(145,600,000)
Accumulated other comprehensive loss	(1,863,000)	(106,000)
Treasury stock, at cost	(20,639,000)	(13,180,000)
TOTAL BITNILE HOLDINGS STOCKHOLDERS’ EQUITY	327,351,000	226,842,000
Non-controlling interest	18,048,000	1,613,000
TOTAL STOCKHOLDERS’ EQUITY	345,399,000	228,455,000
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	596,271,000	490,286,000
Series A Preferred Stock [Member]
STOCKHOLDERS’ EQUITY
Series D Cumulative Redeemable Perpetual Preferred Stock, $25 stated
Series B Preferred Stock [Member]
STOCKHOLDERS’ EQUITY
Series D Cumulative Redeemable Perpetual Preferred Stock, $25 stated
Common Class A [Member]
STOCKHOLDERS’ EQUITY
Class B Common Stock, $0.001 par value – 25,000,000 shares authorized;	324,000	84,000
Common Class B [Member]
STOCKHOLDERS’ EQUITY
Class B Common Stock, $0.001 par value – 25,000,000 shares authorized;

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Preferred stock, shares authorized	2,000,000
Series A Preferred Stock [Member]
Convertible preferred stock, stated value (in dollars per share)	$ 25	$ 25
Preferred stock, par or stated Value per share	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	7,040	7,040
Preferred stock, shares outstanding	7,040	7,040
Preferred stock, redemption amount	$ 176,000	$ 176,000
Series B Preferred Stock [Member]
Convertible preferred stock, stated value (in dollars per share)	$ 10	$ 10
Preferred stock, par or stated Value per share	$ 0.001	$ 0.001
Preferred stock, shares authorized	500,000	500,000
Preferred stock, shares issued	125,000	125,000
Preferred stock, shares outstanding	125,000	125,000
Preferred stock, liquidation preference, value	$ 1,250,000	$ 1,250,000
Series D Preferred Stock [Member]
Convertible preferred stock, stated value (in dollars per share)	$ 25	$ 25
Preferred stock, par or stated Value per share	$ 0.001	$ 0.001
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	146,618	0
Preferred stock, shares outstanding	146,618	0
Preferred stock, liquidation preference, value	$ 3,665,450	$ 0
Common Class A [Member]
Common stock, par or stated value per share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	500,000,000	500,000,000
Common stock, shares issued	324,440,579	84,344,607
Common stock, shares outstanding	324,440,579	84,344,607
Common Class B [Member]
Common stock, par or stated value per share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	25,000,000	25,000,000
Common stock, shares issued	0	0
Common stock, shares outstanding	0	0

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Total revenue	$ 17,366,000	$ 62,129,000	$ 50,192,000	$ 75,375,000
Cost of revenue	12,369,000	6,278,000	22,863,000	11,386,000
Gross profit	4,997,000	55,851,000	27,329,000	63,989,000
Operating expenses
Research and development	729,000	531,000	1,424,000	1,133,000
Selling and marketing	6,979,000	1,505,000	13,460,000	2,747,000
General and administrative	19,032,000	7,992,000	32,719,000	13,084,000
Impairment of mined cryptocurrency	1,976,000		2,415,000
Total operating expenses	28,716,000	10,028,000	50,018,000	16,964,000
(Loss) income from operations	(23,719,000)	45,823,000	(22,689,000)	47,025,000
Other income (expenses)
Interest and other income	81,000	14,000	530,000	51,000
Interest expense	(2,031,000)	(22,000)	(31,855,000)	(337,000)
Change in fair value of marketable equity securities	241,000	(1,915,000)	241,000	45,000
Realized gain (loss) on marketable securities	(43,000)		66,000	397,000
Loss from investment in unconsolidated entity	(391,000)		(924,000)
Gain on extinguishment of debt		447,000		929,000
Change in fair value of warrant liability	(6,000)	290,000	(24,000)	(388,000)
Total other (expenses) income, net	(2,149,000)	(1,186,000)	(31,966,000)	697,000
(Loss) income before income taxes	(25,868,000)	44,637,000	(54,655,000)	47,722,000
Income tax (provision) benefit	(217,000)	(3,504,000)	(217,000)	(3,510,000)
Net (loss) income	(26,085,000)	41,133,000	(54,872,000)	44,212,000
Net loss attributable to non-controlling interest	321,000	1,083,000	336,000	3,000
Net (loss) income attributable to BitNile Holdings, Inc.	(25,764,000)	42,216,000	(54,536,000)	44,215,000
Preferred dividends	(44,000)	(4,000)	(49,000)	(9,000)
Net (loss) income available to common stockholders	$ (25,808,000)	$ 42,212,000	$ (54,585,000)	$ 44,206,000
Basic net (loss) income per common share	$ (0.09)	$ 0.83	$ (0.29)	$ 0.98
Diluted net (loss) income per common share	$ (0.09)	$ 0.81	$ (0.29)	$ 0.92
Weighted average basic common shares outstanding	289,672,000	50,783,000	190,870,000	45,052,000
Weighted average diluted common shares outstanding	289,672,000	42,780,000	190,870,000	47,574,000
Other comprehensive income (loss)
Foreign currency translation adjustment	$ (1,471,000)	$ 134,000	$ (1,758,000)	$ 41,000
Net unrealized gain on derivative securities of related party		(5,893,000)		(2,924,000)
Other comprehensive (loss) income	(1,471,000)	(5,759,000)	(1,758,000)	(2,883,000)
Total comprehensive (loss) income	(27,279,000)	36,453,000	(56,343,000)	41,323,000
Revenue [Member]
Total revenue	7,849,000	8,564,000	16,508,000	16,469,000
Revenue Cryptocurrency Mining Net [Member]
Total revenue	3,976,000	291,000	7,524,000	421,000
Hotel Operations [Member]
Total revenue	4,598,000		7,296,000
Lending And Trading Activities [Member]
Total revenue	$ 943,000	$ 53,274,000	$ 18,864,000	$ 58,485,000

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]	Treasury Stock [Member]	Total
Beginning balance, value at Dec. 31, 2020		$ 28,000	$ 171,396,000	$ (121,396,000)	$ (1,718,000)	$ 822,000		$ 49,132,000
Balance at beginning (in shares) at Dec. 31, 2020	132,040	27,753,562
Stock-based compensation			39,000			545,000		584,000
Sale of common stock		$ 28,000	144,016,000					144,044,000
Sale of common stock (in shares)		27,947,325
Financing cost in connection with sales of common stock			(4,541,000)					(4,541,000)
Acquisition of non-controlling interests
Net income				44,215,000				44,215,000
Preferred dividends				(9,000)				(9,000)
Foreign currency translation adjustments					41,000			41,000
Net income attributable to non—controlling interest						(3,000)		(3,000)
Issuance of common stock for conversion   of convertible notes payable, related party			400,000					400,000
Issuance of common stock for conversion of convertible notes payable, related party (in shares)		275,862
Net unrealized loss on derivatives   in related party					(2,924,000)			(2,924,000)
Acquisition of non-controlling interests
Issuance of common stock for conversion   of convertible notes payable			450,000					450,000
Issuance of common stock for conversion of convertible notes payable (in shares)		183,214
Ending balance, value at Jun. 30, 2021		$ 56,000	311,760,000	(77,190,000)	(4,601,000)	1,364,000		231,389,000
Balance at ending (in shares) at Jun. 30, 2021	132,040	56,159,963
Beginning balance, value at Mar. 31, 2021		$ 49,000	292,763,000	(119,402,000)	1,159,000	1,902,000		176,471,000
Balance at beginning (in shares) at Mar. 31, 2021	132,040	49,498,676
Stock-based compensation			20,000			545,000		565,000
Sale of common stock		$ 7,000	19,054,000					19,061,000
Sale of common stock (in shares)		6,385,425
Financing cost in connection with sales of common stock			(477,000)					(477,000)
Net income				42,216,000				42,216,000
Preferred dividends				(4,000)				(4,000)
Foreign currency translation adjustments					134,000			134,000
Net income attributable to non—controlling interest						(1,083,000)		(1,083,000)
Issuance of common stock for conversion   of convertible notes payable, related party			400,000					400,000
Issuance of common stock for conversion of convertible notes payable, related party (in shares)		275,862
Net unrealized loss on derivatives   in related party					(5,894,000)			(5,894,000)
Ending balance, value at Jun. 30, 2021		$ 56,000	311,760,000	(77,190,000)	(4,601,000)	1,364,000		231,389,000
Balance at ending (in shares) at Jun. 30, 2021	132,040	56,159,963
Beginning balance, value at Dec. 31, 2021		$ 84,000	385,644,000	(145,600,000)	(106,000)	1,613,000	$ (13,180,000)	228,455,000
Balance at beginning (in shares) at Dec. 31, 2021	132,040	84,344,607
Issuance of common stock for restricted stock awards
Issuance of common stock for restricted stock awards (in shares)		441,879
Preferred stock issued			3,666,000					3,666,000
Preferred stock issued (in shares)	146,618
Preferred stock offering costs			(537,000)					(537,000)
Stock-based compensation			3,627,000			77,000		3,704,000
Sale of common stock		$ 240,000	163,186,000					163,426,000
Sale of common stock (in shares)		239,654,093
Financing cost in connection with sales of common stock			(4,024,000)					(4,024,000)
Acquisition of non-controlling interests			1,848,000			382,000		2,230,000
Non-controlling interest from AVLP acquisition						6,738,000		6,738,000
Non-controlling interest from SMC acquisition						10,336,000		10,336,000
Purchase of treasury stock - Ault Alpha							(7,459,000)	(7,459,000)
Net income				(54,536,000)				(54,536,000)
Preferred dividends				(49,000)				(49,000)
Foreign currency translation adjustments					(1,758,000)			(1,758,000)
Net income attributable to non—controlling interest						(336,000)		(336,000)
Other			(1,000)	1,000	1,000	2,000		3,000
Acquisition of non-controlling interests			(1,848,000)			(382,000)		(2,230,000)
Ending balance, value at Jun. 30, 2022		$ 324,000	549,713,000	(200,184,000)	(1,863,000)	18,048,000	(20,639,000)	345,399,000
Balance at ending (in shares) at Jun. 30, 2022	278,658	324,440,579
Beginning balance, value at Mar. 31, 2022		$ 225,000	495,536,000	(174,378,000)	(393,000)	1,640,000	(14,172,000)	308,458,000
Balance at beginning (in shares) at Mar. 31, 2022	132,040	225,015,203
Issuance of common stock for restricted stock awards
Issuance of common stock for restricted stock awards (in shares)		429,379
Preferred stock issued			3,666,000					3,666,000
Preferred stock issued (in shares)	146,618
Preferred stock offering costs			(537,000)					(537,000)
Stock-based compensation			983,000			36,000		1,019,000
Sale of common stock		$ 99,000	53,180,000					53,279,000
Sale of common stock (in shares)		98,995,997
Financing cost in connection with sales of common stock			(1,266,000)					(1,266,000)
Acquisition of non-controlling interests			(1,848,000)			(382,000)		(2,230,000)
Non-controlling interest from AVLP acquisition						6,738,000		6,738,000
Non-controlling interest from SMC acquisition						10,336,000		10,336,000
Purchase of treasury stock - Ault Alpha							(6,467,000)	(6,467,000)
Net income				(25,764,000)				(25,764,000)
Preferred dividends				(44,000)				(44,000)
Foreign currency translation adjustments					(1,471,000)			(1,471,000)
Net income attributable to non—controlling interest						(321,000)		(321,000)
Other			(1,000)	2,000	1,000	1,000		3,000
Acquisition of non-controlling interests			1,848,000			382,000		2,230,000
Ending balance, value at Jun. 30, 2022		$ 324,000	$ 549,713,000	$ (200,184,000)	$ (1,863,000)	$ 18,048,000	$ (20,639,000)	$ 345,399,000
Balance at ending (in shares) at Jun. 30, 2022	278,658	324,440,579

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net (loss) income	$ (54,872,000)	$ 44,212,000
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Depreciation and amortization	7,129,000	1,093,000
Interest expense – debt discount	26,493,000	40,000
Gain on extinguishment of debt		(929,000)
Change in fair value of warrant liability	24,000	(290,000)
Accretion of original issue discount on notes receivable – related party		(4,000)
Accretion of original issue discount on notes receivable	(612,000)	(955,000)
Increase in accrued interest on notes receivable – related party	(100,000)	(1,000)
Stock-based compensation	3,704,000	584,000
Impairment of cryptocurrencies	2,415,000
Realized gains on sale of marketable securities	(18,585,000)	(12,283,000)
Unrealized losses (gains) on marketable securities	9,669,000	(3,483,000)
Unrealized losses (gains) on investments in common stock, related parties	9,048,000	(39,852,000)
Unrealized gains on equity securities	(17,021,000)	(1,224,000)
Loss from investment in unconsolidated entity	924,000
Loss on remeasurement of investment in unconsolidated entity	2,700,000
Changes in operating assets and liabilities:
Marketable equity securities	50,734,000	(9,616,000)
Accounts receivable	(2,311,000)	(887,000)
Accrued revenue	(7,000)	78,000
Inventories	(2,646,000)	485,000
Prepaid expenses and other current assets	2,406,000	(2,537,000)
Digital currencies	(7,785,000)
Other assets	(384,000)	(246,000)
Accounts payable and accrued expenses	4,706,000	83,000
Other current liabilities		4,472,000
Lease liabilities	(626,000)	(439,000)
Net cash provided by (used in) operating activities	15,003,000	(21,699,000)
Cash flows from investing activities:
Purchase of property and equipment	(72,779,000)	(5,590,000)
Investment in promissory notes and other, related parties	(2,200,000)	(4,040,000)
Investments in common stock and warrants, related parties	(4,663,000)	(16,483,000)
Investment in real property, related party		(2,670,000)
Proceeds from sale of investment in real property, related party		2,670,000
Purchase of SMC, net of cash received	(8,239,000)
Cash received upon acquisition of AVLP	1,245,000
Acquisition of non-controlling interests	(2,230,000)
Purchase of marketable equity securities	(1,981,000)
Sales of marketable equity securities	11,733,000	430,000
Investments in loans receivable	(2,728,000)
Principal payments on loans receivable	10,525,000
Sale of digital currencies	4,377,000
Investments in equity securities	(15,820,000)	(4,054,000)
Net cash used in investing activities	(82,760,000)	(29,737,000)
Cash flows from financing activities:
Gross proceeds from sales of common stock	163,426,000	144,044,000
Financing cost in connection with sales of common stock	(4,024,000)	(4,541,000)
Proceeds from sales of preferred stock	3,666,000
Financing cost in connection with sales of preferred stock	(537,000)
Proceeds from notes payable	4,945,000	500,000
Repayment of margin accounts	(18,488,000)
Payments on notes payable	(65,999,000)	(1,917,000)
Payments of preferred dividends	(49,000)	(9,000)
Purchase of treasury stock	(7,459,000)
Payments on revolving credit facilities, net		(23,000)
Net cash provided by financing activities	75,481,000	138,054,000
Effect of exchange rate changes on cash and cash equivalents	(152,000)	93,000
Net increase in cash and cash equivalents and restricted cash	7,572,000	86,711,000
Cash and cash equivalents and restricted cash at beginning of period	21,233,000	18,680,000
Cash and cash equivalents and restricted cash at end of period	28,805,000	105,391,000
Supplemental disclosures of cash flow information:
Cash paid during the period for interest	4,104,000	658,000
Non-cash investing and financing activities:
Conversion of convertible notes payable into shares of common stock		450,000
Settlement of accounts payable with digital currency	413,000	119,000
Conversion of investment in unconsolidated entity for acquisition of AVLP	23,406,000
Conversion of convertible notes payable, related party into shares of common stock	400,000	400,000
Conversion of debt and equity securities to marketable securities	24,828,000	2,656,000
Conversion of loans receivable to marketable securities	3,600,000
Conversion of interest receivable to marketable securities	231,000
Conversion of loans receivable to debt and equity securities		150,000
Recognition of new operating lease right-of-use assets and lease liabilities	$ 2,188,000

DESCRIPTION OF BUSINESS

DESCRIPTION OF BUSINESS	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
DESCRIPTION OF BUSINESS	DESCRIPTION OF BUSINESS BitNile Holdings, Inc., a Delaware corporation (“BitNile” or the “Company”) was incorporated in September 2017. BitNile is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly- and majority-owned subsidiaries and strategic investments, the Company owns and operates a data center at which it mines Bitcoin, and provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, automotive, medical/biopharma, karaoke audio equipment, hotel operations and textiles. In addition, the Company extends credit to select entrepreneurial businesses through a licensed lending subsidiary. BitNile was founded by Milton “Todd” Ault, III, its Executive Chairman and is led by Mr. Ault, William B. Horne, its Chief Executive Officer and Vice Chairman and Henry Nisser, its President and General Counsel. Together, they constitute the Executive Committee, which manages the day-to-day operations of the Company. All major investment and capital allocation decisions are made for the Company by Mr. Ault and the other members of the Executive Committee. The Company has eight reportable segments: · BitNile, Inc. (“BNI”) – cryptocurrency mining operations; · Ault Alliance, Inc. (“Ault Alliance”) – commercial lending, activist investing, media, and digital learning; · Gresham Worldwide, Inc. (“GWW”) – defense solutions; · TurnOnGreen, Inc. (“TurnOnGreen”) – commercial electronics solutions; · The Singing Machine Company, Inc. (“SMC”) – karaoke audio equipment; · Avalanche International Corp. (“Avalanche” or “AVLP”) – advanced textiles processing technology; · Ault Global Real Estate Equities, Inc. (“AGREE”) – hotel operations and other commercial real estate holdings; and · Ault Disruptive Technologies Corporation (“Ault Disruptive”) – a special purpose acquisition company (“SPAC”).

LIQUIDITY AND FINANCIAL CONDITI

LIQUIDITY AND FINANCIAL CONDITION	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
LIQUIDITY AND FINANCIAL CONDITION	2. LIQUIDITY AND FINANCIAL CONDITION As of June 30, 2022, the Company had cash and cash equivalents of $ 24.1 million 51.4 million

BASIS OF PRESENTATION AND SIGNI

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES	3. BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Regulation S-X and do not include all the information and disclosures required by generally accepted accounting principles in the United States of America (“GAAP”). The Company has made estimates and judgments affecting the amounts reported in the Company’s condensed consolidated financial statements and the accompanying notes. The actual results experienced by the Company may differ materially from the Company’s estimates. The condensed consolidated financial information is unaudited but reflects all normal adjustments that are, in the opinion of management, necessary to provide a fair statement of results for the interim periods presented. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, filed with the Securities and Exchange Commission (the “SEC”) on April 15, 2022. The condensed consolidated balance sheet as of December 31, 2021 was derived from the Company’s audited 2021 financial statements contained in the above referenced Form 10-K. Results of the three and six months ended June 30, 2022, are not necessarily indicative of the results to be expected for the full year ending December 31, 2022. Significant Accounting Policies Other than as noted below, there have been no material changes to the Company’s significant accounting policies previously disclosed in the 2021 Annual Report. Business Combination The Company allocates the purchase price of an acquired business to the tangible and intangible assets acquired and liabilities assumed based upon their estimated fair values on the acquisition date. Any excess of the purchase price over the fair value of the net assets acquired is recorded as goodwill. Acquired customer relations, technology, tradenames and know how are recognized at fair value. The purchase price allocation process requires management to make significant estimates and assumptions, especially at the acquisition date with respect to intangible assets. Direct transaction costs associated with the business combination are expensed as incurred. The allocation of the consideration transferred in certain cases may be subject to revision based on the final determination of fair values during the measurement period, which may be up to one year from the acquisition date. The Company includes the results of operations of the business that it has acquired in its consolidated results prospectively from the date of acquisition. If the business combination is achieved in stages, the acquisition date carrying value of the acquirer’s previously held equity interest in the acquirer is re-measured to fair value at the acquisition date; any gains or losses arising from such re-measurement are recognized in profit or loss. Reclassifications Certain prior period amounts have been reclassified for comparative purposes to conform to the current-period financial statement presentation. These reclassifications had no effect on previously reported results of operations. Recent Accounting Standards In May 2021, the Financial Accountings Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2021-04, “Earnings Per Share (Topic 260), Debt-Modifications and Extinguishments (Subtopic 470-50), Compensation-Stock Compensation (Topic 718), and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 815- 40): Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options.” The guidance became effective for the Company on January 1, 2022. The Company adopted the guidance on January 1, 2022, and has concluded the adoption did not have a material impact on its unaudited condensed consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments - Credit Losses,” (“ASU No. 2016-13”) to improve information on credit losses for financial assets and net investment in leases that are not accounted for at fair value through net income. ASU 2016-13 replaces the current incurred loss impairment methodology with a methodology that reflects expected credit losses. This guidance is effective for the Company beginning on January 1, 2023, with early adoption permitted. The Company does not expect that the adoption of this standard will have a significant impact on its condensed consolidated financial statements. In August 2020, the FASB issued ASU 2020-06, “Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 815-40)-Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity” (“ASU 2020-06”). The ASU simplifies accounting for convertible instruments by removing major separation models required under current GAAP. Consequently, more convertible debt instruments will be reported as a single liability instrument with no separate accounting for embedded conversion features. ASU 2020-06 removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for it. ASU 2020-06 also simplifies the diluted net income per share calculation in certain areas. The amendments in ASU 2020-06 are effective for smaller reporting companies as defined by the SEC, for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Effective January 1, 2022, the Company early adopted ASU 2020-06 using the modified retrospective approach, which resulted in no impact on its condensed consolidated financial statements. In October 2021, the FASB issued ASU 2021-08, “Business Combinations (Topic 805), Accounting for Contract Assets and Contract Liabilities from Contracts with Customers,” which requires contract assets and contract liabilities acquired in a business combination to be recognized and measured by the acquirer on the acquisition date in accordance with Accounting Standards Codification (“ASC”) 606, “Revenue from Contracts with Customers.” The guidance will result in the acquirer recognizing contract assets and contract liabilities at the same amounts recorded by the acquiree. The guidance should be applied prospectively to acquisitions occurring on or after the effective date. The guidance is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted, including in interim periods, for any financial statements that have not yet been issued. The Company is currently evaluating this guidance to determine the impact it may have on its condensed consolidated financial statements. In November 2021, the FASB issued ASU 2021-10, “Government Assistance (Topic 832),” which requires annual disclosures that increase the transparency of transactions involving government grants, including (1) the types of transactions, (2) the accounting for those transactions, and (3) the effect of those transactions on an issuer’s financial statements. The amendments in this update are effective for financial statements issued for annual periods beginning after December 15, 2021. The Company expects that this guidance will not have a significant impact on its condensed consolidated financial statements.

REVENUE DISAGGREGATION

REVENUE DISAGGREGATION	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
REVENUE DISAGGREGATION	4. REVENUE DISAGGREGATION The following tables summarize disaggregated customer contract revenues and the source of the revenue for the three and six months ended June 30, 2022 and 2021. Revenues from lending and trading activities included in consolidated revenues were primarily interest, dividend and other investment income, which are not considered to be revenues from contracts with customers under GAAP. The Company’s disaggregated revenues consisted of the following for the three months ended June 30, 2022: Three months ended June 30, 2022 GWW TurnOnGreen Ault BNI AGREE Total Primary Geographical Markets North America $ 1,111,000 $ 822,000 $ 12,000 $ 4,248,000 $ 4,598,000 $ 10,791,000 Europe 2,540,000 28,000 - - - 2,568,000 Middle East and other 2,852,000 212,000 - - - 3,064,000 Revenue from contracts with customers 6,503,000 1,062,000 12,000 4,248,000 4,598,000 16,423,000 Revenue, lending and trading activities (North America) - - 943,000 - - 943,000 Total revenue $ 6,503,000 $ 1,062,000 $ 955,000 $ 4,248,000 $ 4,598,000 $ 17,366,000 Major Goods or Services RF/microwave filters 559,000 - - - - 559,000 Detector logarithmic video amplifiers 692,000 - - - - 692,000 Power supply units 1,698,000 1,016,000 - - - 2,714,000 Power supply systems 609,000 - - - - 609,000 Healthcare diagnostic systems 1,992,000 - - - - 1,992,000 Electric vehicle chargers - 46,000 - - - 46,000 Defense systems 953,000 - - - - 953,000 Digital currency mining - - - 3,976,000 - 3,976,000 Hotel operations - - - - 4,598,000 4,598,000 Other - - 12,000 272,000 - 284,000 Revenue from contracts with customers 6,503,000 1,062,000 12,000 4,248,000 4,598,000 16,423,000 Revenue, lending and trading activities - - 943,000 - - 943,000 Total revenue $ 6,503,000 $ 1,062,000 $ 955,000 $ 4,248,000 $ 4,598,000 $ 17,366,000 Timing of Revenue Recognition Goods transferred at a point in time $ 3,601,000 $ 1,062,000 $ 12,000 $ 4,248,000 $ 4,598,000 $ 13,521,000 Services transferred over time 2,902,000 - - - - 2,902,000 Revenue from contracts with customers $ 6,503,000 $ 1,062,000 $ 12,000 $ 4,248,000 $ 4,598,000 $ 16,423,000 The Company’s disaggregated revenues consisted of the following for the six months ended June 30, 2022: Six months ended June 30, 2022 GWW TurnOnGreen Ault BNI AGREE Total Primary Geographical Markets North America $ 2,622,000 $ 1,834,000 $ 19,000 $ 8,074,000 $ 7,296,000 $ 19,845,000 Europe 4,719,000 47,000 - - - 4,766,000 Middle East and other 6,407,000 310,000 - - - 6,717,000 Revenue from contracts with customers 13,748,000 2,191,000 19,000 8,074,000 7,296,000 31,328,000 Revenue, lending and trading activities (North America) - - 18,864,000 - - 18,864,000 Total revenue $ 13,748,000 $ 2,191,000 $ 18,883,000 $ 8,074,000 $ 7,296,000 $ 50,192,000 Major Goods or Services RF/microwave filters 2,070,000 - - - - 2,070,000 Detector logarithmic video amplifiers 692,000 - - - - 692,000 Power supply units 4,129,000 2,112,000 - - - 6,241,000 Power supply systems 657,000 - - - - 657,000 Healthcare diagnostic systems 1,992,000 - - - - 1,992,000 Electric vehicle chargers - 79,000 - - - 79,000 Defense systems 4,208,000 - - - - 4,208,000 Digital currency mining - - - 7,524,000 - 7,524,000 Hotel operations - - - - 7,296,000 7,296,000 Other - - 19,000 550,000 - 569,000 Revenue from contracts with customers 13,748,000 2,191,000 19,000 8,074,000 7,296,000 31,328,000 Revenue, lending and trading activities - - 18,864,000 - - 18,864,000 Total revenue $ 13,748,000 $ 2,191,000 $ 18,883,000 $ 8,074,000 $ 7,296,000 $ 50,192,000 Timing of Revenue Recognition Goods transferred at a point in time $ 7,113,000 $ 2,191,000 $ 19,000 $ 8,074,000 $ 7,296,000 $ 24,693,000 Services transferred over time 6,635,000 - - - - 6,635,000 Revenue from contracts with customers $ 13,748,000 $ 2,191,000 $ 19,000 $ 8,074,000 $ 7,296,000 $ 31,328,000 The Company’s disaggregated revenues consisted of the following for the three months ended June 30, 2021: Three months ended June 30, 2021 GWW TurnOnGreen Ault Alliance Total Primary Geographical Markets North America $ 2,140,000 $ 1,289,000 $ 550,000 $ 3,979,000 Europe 1,842,000 453,000 - 2,295,000 Middle East and other 2,493,000 88,000 - 2,581,000 Revenue from contracts with customers 6,475,000 1,830,000 550,000 8,855,000 Revenue, lending and trading activities (North America) - - 53,274,000 53,274,000 Total revenue $ 6,475,000 $ 1,830,000 $ 53,824,000 $ 62,129,000 Major Goods RF/microwave filters $ 1,076,000 $ - $ - $ 1,076,000 Detector logarithmic video amplifiers 73,000 - - 73,000 Power supply units 240,000 1,830,000 - 2,070,000 Power supply systems 2,475,000 - - 2,475,000 Healthcare diagnostic systems 228,000 - - 228,000 Defense systems 2,383,000 - - 2,383,000 Digital currency mining - - 291,000 291,000 Other - - 259,000 259,000 Revenue from contracts with customers 6,475,000 1,830,000 550,000 8,855,000 Revenue, lending and trading activities - - 53,274,000 53,274,000 Total revenue $ 6,475,000 $ 1,830,000 $ 53,824,000 $ 62,129,000 Timing of Revenue Recognition Goods transferred at a point in time $ 3,863,000 $ 1,830,000 $ 550,000 $ 6,243,000 Services transferred over time 2,612,000 - - 2,612,000 Revenue from contracts with customers $ 6,475,000 $ 1,830,000 $ 550,000 $ 8,855,000 The Company’s disaggregated revenues consisted of the following for the six months ended June 30, 2021: Six months ended June 30, 2021 GWW TurnOnGreen Ault Alliance Total Primary Geographical Markets North America $ 4,029,000 $ 2,497,000 $ 852,000 $ 7,378,000 Europe 3,752,000 562,000 - 4,314,000 Middle East and other 5,044,000 154,000 - 5,198,000 Revenue from contracts with customers 12,825,000 3,213,000 852,000 16,890,000 Revenue, lending and trading activities (North America) - - 58,485,000 58,485,000 Total revenue $ 12,825,000 $ 3,213,000 $ 59,337,000 $ 75,375,000 Major Goods RF/microwave filters $ 2,291,000 $ - $ - $ 2,291,000 Detector logarithmic video amplifiers 144,000 - - 144,000 Power supply units 478,000 3,213,000 - 3,691,000 Power supply systems 4,708,000 - - 4,708,000 Healthcare diagnostic systems 413,000 - - 413,000 Defense systems 4,791,000 - - 4,791,000 Digital currency mining - - 421,000 421,000 Other - - 431,000 431,000 Revenue from contracts with customers 2,825,000 3,213,000 852,000 16,890,000 Revenue, lending and trading activities - - 58,485,000 58,485,000 Total revenue $ 12,825,000 $ 3,213,000 $ 59,337,000 $ 75,375,000 Timing of Revenue Recognition Goods transferred at a point in time $ 7,621,000 $ 3,213,000 $ 852,000 $ 11,686,000 Services transferred over time 5,204,000 - - 5,204,000 Revenue from contracts with customers $ 12,825,000 $ 3,213,000 $ 852,000 $ 16,890,000

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	5. FAIR VALUE OF FINANCIAL INSTRUMENTS The following table sets forth the Company’s financial instruments that were measured at fair value on a recurring basis by level within the fair value hierarchy: Fair Value Measurement at June 30, 2022 Total Level 1 Level 2 Level 3 Investment in term promissory note of Ault & Company, Inc. (“Ault & Company”) and other – a related party $ 2,770,000 $ - $ - $ 2,770,000 Investment in common stock of Alzamend Neuro, Inc. (“Alzamend”) – a related party 8,845,000 8,845,000 - - Investments in marketable equity securities 17,467,000 17,467,000 - - Cash and marketable securities held in trust account 116,895,000 116,895,000 - - Investments in other equity securities 804,000 - - 804,000 Total assets measured at fair value $ 146,781,000 $ 143,207,000 $ - $ 3,574,000 Fair Value Measurement at December 31, 2021 Total Level 1 Level 2 Level 3 Investment in term promissory note of Ault & Company and other – a related party $ 2,842,000 $ - $ - $ 2,842,000 Investment in common stock of Alzamend – a related party 13,230,000 13,230,000 - - Investments in marketable equity securities 40,380,000 40,380,000 - - Cash and marketable securities held in trust account 116,725,000 116,725,000 - - Investments in other equity securities 9,215,000 - - 9,215,000 Total assets measured at fair value $ 182,392,000 $ 170,335,000 $ - $ 12,057,000 The Company assesses the inputs used to measure fair value using the three-tier hierarchy based on the extent to which inputs used in measuring fair value are observable in the market. For investments where little or no public market exists, management’s determination of fair value is based on the best available information which may incorporate management’s own assumptions and involves a significant degree of judgment, taking into consideration various factors including earnings history, financial condition, recent sales prices of the issuer’s securities and liquidity risks. The following table summarizes the changes in investments in other equity securities measured and carried at fair value on a recurring basis with the use of significant unobservable inputs (Level 3) for the six months ended June 30, 2022: Investments in Balance at January 1, 2022 $ 9,215,000 Investment in preferred stock 2,550,000 Change in fair value of warrants 13,867,000 Conversion to marketable securities (24,828,000 ) Balance at June 30, 2022 $ 804,000 See Note 11 for the changes in investments in Ault & Company measured and carried at fair value on a recurring basis with the use of significant unobservable inputs (Level 3) during the three and six months ended June 30, 2022. Other equity securities also include investments in entities that do not have a readily determinable fair value and do not report net asset value per share. These investments are accounted for using a measurement alternative under which they are measured at cost and adjusted for observable price changes and impairments. Observable price changes result from, among other things, equity transactions for the same issuer executed during the reporting period, including subsequent equity offerings or other reported equity transactions related to the same issuer. For these transactions to be considered observable price changes of the same issuer, the Company evaluates whether these transactions have similar rights and obligations, including voting rights, distribution preferences, conversion rights, and other factors, to the investments the Company holds. Any investments adjusted to their fair value by applying the measurement alternative are disclosed as nonrecurring fair value measurements, including the level in the fair value hierarchy that was used. As of June 30, 2022 and December 31, 2021, investments in other equity securities valued using a measurement alternative of $ 37.7 21.3 The following table presents information on the assets measured at fair value on a nonrecurring basis by level within the fair value hierarchy as of June 30, 2022 and December 31, 2021. These investments were not measured due to an observable price change or impairment during the six months ended June 30, 2022. Fair Value Measurement Using Total Quoted prices Other Significant As of June 30, 2022 Investments in other equity securities that do not report net asset value $ 37,691,000 $ - $ - $ 37,691,000 Fair Value Measurement Using Total Quoted prices Other Significant As of December 31, 2021 Investments in other equity securities that do not report net asset value $ 21,241,000 $ - $ - $ 21,241,000

MARKETABLE EQUITY SECURITIES

MARKETABLE EQUITY SECURITIES	6 Months Ended
	Jun. 30, 2022
Marketable Equity Securities
MARKETABLE EQUITY SECURITIES	6. MARKETABLE EQUITY SECURITIES Marketable equity securities with readily determinable market prices consisted of the following as of June 30, 2022 and December 31, 2021: Marketable equity securities at June 30, 2022 Gross unrealized Gross unrealized Cost gains losses Fair value Common shares $ 26,063,000 $ 481,000 $ (9,077,000 ) $ 17,467,000 Marketable equity securities at December 31, 2021 Gross unrealized Gross unrealized Cost gains losses Fair value Common shares $ 53,475,000 $ 32,000 $ (13,127,000 ) $ 40,380,000 The Company’s investment in marketable equity securities are revalued on each balance sheet date.

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	6 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	7. PROPERTY AND EQUIPMENT, NET At June 30, 2022 and December 31, 2021, property and equipment consisted of: June 30, 2022 December 31, 2021 Cryptocurrency machines and related equipment $ 76,963,000 $ 10,763,000 Computer, software and related equipment 18,697,000 8,884,000 Office furniture and equipment 2,585,000 702,000 Land 25,696,000 25,696,000 Building and improvements 70,926,000 68,959,000 194,867,000 115,004,000 Accumulated depreciation and amortization (10,403,000 ) (5,096,000 ) Property and equipment placed in service, net 184,464,000 109,908,000 Deposits on cryptocurrency machines 61,523,000 64,117,000 Property and equipment, net $ 245,987,000 $ 174,025,000 For the six months ended June 30, 2022 and 2021, depreciation expense amounted to $ 6.3 million 0.4 million

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	6 Months Ended
	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
BUSINESS COMBINATIONS	8. BUSINESS COMBINATIONS Overview of AVLP Acquisition On June 1, 2022, the Company converted the principal amount under the convertible promissory notes issued to it by AVLP and accrued but unpaid interest into common stock of AVLP. The Company converted $ 20.0 5.9 20 92 Prior to the conversion of the convertible promissory notes, the Company accounted for its investment in AVLP as an investment in an unconsolidated entity under the equity method of accounting. In connection with the conversion of the convertible promissory notes, the Company’s consolidated financial statements now include all of the accounts of AVLP, and any significant intercompany balances and transactions have been eliminated in consolidation. The consideration transferred for the Company’s approximate 92% ownership interest in connection with this acquisition aggregated $20.7 million, which represented the fair value of the Company’s holdings in AVLP immediately prior to conversion. The following table presents the final allocation of the consideration transferred to the assets acquired and liabilities assumed based on their fair values. Preliminary Total purchase consideration $ 20,706,000 Fair value of non-controlling interest 6,706,000 Total consideration $ 27,412,000 Identifiable net liabilities assumed: Cash $ 1,245,000 Prepaid expenses and other current assets 55,000 Property and equipment 5,057,000 Note receivable 800,000 Accounts payable and accrued expenses (6,935,000 ) Convertible notes payable, principal (9,734,000 ) Fair value of embedded derivative (1,226,000 ) Fair value of bifurcated conversion option (4,425,000 ) Fair value of bifurcated put option (200,000 ) Net liabilities assumed (15,363,000 ) Goodwill $ 42,775,000 The Company consolidates the results of AVLP on a one-month lag, therefore the statements of operations do not include results for AVLP for the three and six months ended June 30, 2022. Overview of SMC Acquisition Beginning in June 2022, the Company, through its subsidiary Digital Power Lending, LLC (“DP Lending”), began making open market purchases of SMC common stock. These purchases granted the Company a greater than 20% effective ownership on June 9, 2022, and subsequently, on June 15, 2022, the Company owned more than 50% of the issued and outstanding common stock of SMC. The Company’s ownership of SMC stands at 51.6% as of June 30, 2022. As of June 15, 2022 (“Acquisition Date”), the purchase price of the common stock acquired totaled $ 7.4 million 3.1 million 10.5 million 10.3 million The allocation of the total consideration transferred to the assets acquired, including intangible assets and goodwill, and the liabilities assumed, is preliminary and could be revised as a result of additional information obtained due to the finalization of a third-party valuation report, leases and related commitments, tax related matters and contingencies and certain assets and liabilities, including receivables and payables. Amounts will be finalized within the measurement period, which will not exceed one year from the Acquisition Date. The goodwill resulting from this acquisition is not tax deductible. The Company consolidates the results of SMC on a one-quarter lag as it enables the Company to report its quarterly results independent from the timing of when SMC reports its results, therefore the statements of operations do not include results for SMC for the three and six months ended June 30, 2022. The following table presents the preliminary allocation of the consideration transferred to the assets acquired and liabilities assumed based on their fair values. Preliminary Total purchase consideration $ 10,517,000 Fair value of non-controlling interest 10,336,000 Total consideration $ 20,853,000 Identifiable net assets acquired: Cash $ 2,278,000 Accounts receivable 9,891,000 Prepaid expenses and other current assets 673,000 Inventories 12,840,000 Property and equipment, net 529,000 Right-of-use assets 1,073,000 Other assets 83,000 Intangible assets: Trade names-estimated useful life of 19 years 2,470,000 Customer relationships-estimated useful life of 16 years 1,380,000 Proprietary technology-estimated useful life of 3 years 600,000 Accounts payable and accrued expenses (10,052,000 ) Notes payable (2,972,000 ) Lease liabilities (1,124,000 ) Net assets acquired 17,669,000 Goodwill $ 3,184,000 Unaudited Pro Forma Financial Information The following unaudited pro forma consolidated results of operations for the three and six months ended June 30, 2022 have been prepared as if the SMC acquisition had occurred on January 1, 2022. Three Months Ended Six Months Ended June 30, 2022 June 30, 2022 Total revenues $ 29,058,000 $ 64,717,000 Net loss attributable to BitNile Holdings, Inc. $ (26,206,000 ) $ (56,531,000 ) The unaudited pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved had the acquisition been consummated as of that time, nor is it intended to be a projection of future results.

GOODWILL

GOODWILL	6 Months Ended
	Jun. 30, 2022
Following Table Summarizes Changes In Companys Goodwill For Six Months Ended June 30 2022
GOODWILL	9. GOODWILL The Company’s goodwill increased due to the acquisition of controlling interests in AVLP on June 1, 2022 and SMC on June 15, 2022. The following table summarizes the changes in the Company’s goodwill for the six months ended June 30, 2022: Goodwill Balance as of January 1, 2022 $ 10,090,000 Acquisition of AVLP 42,775,000 Acquisition of SMC 3,184,000 Effect of exchange rate changes (727,000 ) Balance as of June 30, 2022 $ 55,322,000

INCREASE IN OWNERSHIP INTEREST

INCREASE IN OWNERSHIP INTEREST OF SUBSIDIARIES	6 Months Ended
	Jun. 30, 2022
Noncontrolling Interest [Abstract]
INCREASE IN OWNERSHIP INTEREST OF SUBSIDIARIES	10. INCREASE IN OWNERSHIP INTEREST OF SUBSIDIARIES On May 12, 2022, BNI closed a $ 1.8 30 Between June 15, 2022 and June 30, 2022, DP Lending increased the Company’s ownership interest in SMC through the open market purchase of approximately 55,000 430,000

INVESTMENTS _ RELATED PARTIES

INVESTMENTS – RELATED PARTIES	6 Months Ended
	Jun. 30, 2022
Investments Related Parties
INVESTMENTS – RELATED PARTIES	11. INVESTMENTS – RELATED PARTIES Investments in Alzamend and Ault & Company at June 30, 2022 and December 31, 2021, were comprised of the following: Investment in Promissory Notes, Related Parties Interest Due June 30, December 31, rate date 2022 2021 Investment in promissory note of Ault & Company 8% December 31, 2022 $ 2,500,000 $ 2,500,000 Accrued interest receivable, Ault & Company 270,000 170,000 Other - 172,000 Total investment in promissory note, related party $ 2,770,000 $ 2,842,000 Investment in Common Stock and Options, Related Parties June 30, December 31, 2022 2021 Investment in common stock and options of Alzamend $ 8,845,000 $ 13,230,000 The following table summarizes the changes in the Company’s investments in Alzamend and Ault & Company during the six months ended June 30, 2022: Investment in Investment in Balance at January 1, 2022 $ 13,230,000 $ 2,842,000 Investment in common stock and options of Alzamend 4,663,000 - Unrealized loss in common stock of Alzamend (9,048,000 ) - Amortization of related party investment - (173,000 ) Accrued interest - 101,000 Balance at June 30, 2022 $ 8,845,000 $ 2,770,000 Investments in Alzamend Common Stock The following table summarizes the changes in the Company’s investments in Alzamend common stock during the six months ended June 30, 2022: Shares of Per Share Investment in Common Stock Price Common Stock Balance at January 1, 2022 6,947,000 $ 1.90 $ 13,230,000 March 9, 2021 securities purchase agreement * 2,667,000 $ 1.50 4,000,000 Open market purchases after initial public offering 618,000 $ 1.07 663,000 Unrealized loss in common stock of Alzamend (9,048,000 ) Balance at June 30, 2022 10,232,000 $ 0.86 $ 8,845,000 * Pursuant to the March 9, 2021 securities purchase agreement, in aggregate, Alzamend agreed to sell up to 6,666,667 shares of its common stock to DP Lending for $10.0 million, or $1.50 per share, and issue to DP Lending warrants to acquire 3,333,334 shares of Alzamend common stock with an exercise price of $3.00 per share. As of December 31, 2021, DP Lending funded $6.0 million, including the conversion of notes and advances of $0.8 million, and the remaining $4.0 million was funded upon Alzamend achieving certain milestones during the three months ended June 30, 2022.

INVESTMENT IN UNCONSOLIDATED EN

INVESTMENT IN UNCONSOLIDATED ENTITY – AVLP	6 Months Ended
	Jun. 30, 2022
Investment In Unconsolidated Entity Avlp
INVESTMENT IN UNCONSOLIDATED ENTITY – AVLP	12. INVESTMENT IN UNCONSOLIDATED ENTITY – AVLP Equity Investments in Unconsolidated Entity – AVLP The Company converted its AVLP convertible promissory note on June 1, 2022 as part of the acquisition of AVLP (see Note 8). Equity investments in the then unconsolidated entity, AVLP, at December 31, 2021, were comprised of the following: Investment in Promissory Notes Interest rate Due date December 31, 2021 Investment in convertible promissory note 12 2022-2026 $ 17,799,000 Investment in promissory note – Alpha Fund 8 June 30, 2022 3,600,000 Accrued interest receivable 2,092,000 Other 600,000 Total investment in promissory notes, gross 24,091,000 Less: provision for loan losses (2,000,000 ) Total investment in promissory note $ 22,091,000 The following table summarizes the changes in the Company’s equity investments in the then unconsolidated entity, AVLP, during the six months ended June 30, 2022: Investment in Investment in warrants and promissory notes Total common stock and advances investment Balance at January 1, 2022 $ 39,000 $ 22,091,000 $ 22,130,000 Investment in convertible promissory notes - 2,200,000 2,200,000 Loss from equity investment (39,000 ) (885,000 ) (924,000 ) Accrued interest - 143,000 143,000 Loss on remeasurement upon conversion - (2,700,000 ) (2,700,000 ) Conversion of AVLP convertible promissory notes - (17,040,000 ) (17,040,000 ) Elimination of intercompany debt after conversion - (3,809,000 ) (3,809,000 ) Balance at June 30, 2022 $ - $ - $ -

CONSOLIDATED VARIABLE INTEREST

CONSOLIDATED VARIABLE INTEREST ENTITY - ALPHA FUND	6 Months Ended
	Jun. 30, 2022
Consolidated Variable Interest Entity - Alpha Fund
CONSOLIDATED VARIABLE INTEREST ENTITY - ALPHA FUND	13. CONSOLIDATED VARIABLE INTEREST ENTITY - ALPHA FUND Alpha Fund – Consolidated Variable Interest Entity As of June 30, 2022 and December 31, 2021, the Company held an investment in Ault Alpha LP (“Alpha Fund”). Alpha Fund operates as a private investment fund. The general partner of Alpha Fund, Ault Alpha GP LLC (“Alpha GP”) is owned by Ault Capital Management LLC (the “Investment Manager”), which also acts as the investment manager to Alpha Fund. The Investment Manager is owned by Ault & Company. Messrs. Ault, Horne, Nisser and Cragun, who serve as executive officers and/or directors of the Company, are executive officers of the Investment Manager, and Messrs. Ault, Horne and Nisser are executive officers and directors of Ault & Company. As of June 30, 2022, DP Lending subscribed for $ 25 100 8 17 The Company consolidates Alpha Fund as a variable interest entity (a “VIE”) due to its significant level of influence and control of Alpha Fund, the size of its investment, and its ability to participate in policy making decisions, the Company is considered the primary beneficiary of the VIE. Investments by Alpha Fund – Treasury Stock As of June 30, 2022, Alpha Fund owned 22,225,000 53,033 13.00

ACCOUNTS PAYABLE AND ACCRUED EX

ACCOUNTS PAYABLE AND ACCRUED EXPENSES	6 Months Ended
	Jun. 30, 2022
Payables and Accruals [Abstract]
ACCOUNTS PAYABLE AND ACCRUED EXPENSES	14. ACCOUNTS PAYABLE AND ACCRUED EXPENSES Other current liabilities at June 30, 2022 and December 31, 2021 consisted of: Schedule of other current liabilities June 30, December 31, 2022 2021 Accounts payable $ 18,348,000 $ 6,902,000 Accrued payroll and payroll taxes 6,540,000 5,027,000 Financial instrument liabilities 934,000 4,249,000 Accrued legal 1,787,000 2,637,000 Interest payable 3,680,000 187,000 Other accrued expenses 12,236,000 3,753,000 Total $ 43,525,000 $ 22,755,000 Financial Instruments Under authoritative guidance used by the FASB on determining whether an instrument (or embedded feature) is indexed to an entity’s own stock, instruments that do not have fixed settlement provisions are deemed to be derivative instruments. In prior years, the Company granted certain warrants that resulted in these warrants accounted for as a financial instrument and being re-measured every reporting period with the change in value reported in the statement of operations. The financial instruments were valued using a variety of pricing models with the following valuation assumptions: Schedule of Financial Instrument June 30, 2022 December 31, 2021 Contractually stipulated stock price $2.50 $2.50 Exercise price $2.50 $2.50 Contractually defined remaining term 5.0 5.0 Contractually defined volatility 135% 135% Dividend yield 0% 0% Risk-free interest rate 3.0% 1.3% Per the terms of the warrant agreements underlying the financial instruments, the value to the warrant holders is defined within the agreement based on a stock price, contractual term, volatility factor and dividend rate as defined in the warrant agreement, and not indexed to the company’s stock, resulting in the financial instrument accounting. The risk-free interest rate was based on rates established by the Federal Reserve Bank. The following table sets forth a summary of the changes in the estimated fair value of the financial instruments during the six months ended June 30, 2022 and 2021: Schedule of fair value of the financial instruments June 30, 2022 June 30, 2021 Beginning balance $ 4,249,000 $ 4,192,000 Change in fair value 24,000 388,000 Extinguishment (3,339,000 ) - Ending balance $ 934,000 $ 4,580,000

NOTES PAYABLE

NOTES PAYABLE	6 Months Ended
	Jun. 30, 2022
Notes Payable
NOTES PAYABLE	15. NOTES PAYABLE Notes payable at June 30, 2022 and December 31, 2021, were comprised of the following. Schedule of notes payable Interest Due date June 30, 2022 December 31, Short-term notes payable 12.0% Aug. – Nov. 2022 $ 92,000 $ 118,000 10% original issue discount senior secured notes - 65,972,000 AGREE Madison secured construction loans 7.0% January 1, 2025 55,055,000 55,055,000 SMC line of credit 15.5% June 11, 2023 2,500,000 - SMC installment notes 7.6% June 18, 2024 195,000 - SMC notes payable 6.0% Sep. 2024 – Feb. 2025 353,000 - XBTO Trading note payable 12.5% December 30, 2023 4,000,000 - Short-term bank line of credit 3.9% Renews monthly 1,736,000 960,000 Total notes payable $ 63,931,000 $ 122,105,000 Less: Unamortized debt discounts (1,044,000 ) (27,496,000 ) Total notes payable, net $ 62,887,000 $ 94,609,000 Less: current portion (7,340,000 ) (39,554,000 ) Notes payable – long-term portion $ 55,547,000 $ 55,055,000 SMC Debt Security Interest The SMC debt is secured by a perfected security interest in all SMC assets including a first-priority security interest in SMC accounts receivable and inventory. Amortization of Debt Discount of Secured Promissory Notes On December 30, 2021, the Company entered into a securities purchase agreement with certain accredited investors providing for the issuance of: · secured promissory notes (the “Secured Promissory Notes”) that bear interest at 8 66 10 · five-year warrants to purchase an aggregate of 14,095,350 2.50 · five-year warrants to purchase an aggregate of 1,942,508 2.50 As of December 31, 2021, unamortized debt discount on the Secured Promissory Notes related to the original issue discount and estimated fair value of the warrants totaled $ 26.3 million During the three months ended March 31, 2022, the Secured Promissory Notes were repaid and the Company fully amortized the related debt discount of $ 26.3 million

CONVERTIBLE NOTES

CONVERTIBLE NOTES	6 Months Ended
	Jun. 30, 2022
Convertible Notes
CONVERTIBLE NOTES	16. CONVERTIBLE NOTES Convertible notes payable at June 30, 2022 and December 31, 2021, were comprised of the following: Conversion price Interest Due June 30, December 31, Convertible promissory note $ 4.00 4 May 10, 2024 $ 660,000 $ 660,000 AVLP convertible promissory notes $ 0.35 15 August 22, 2025 9,911,000 - Fair value of embedded derivative 1,226,000 - Fair value of bifurcated conversion option 4,425,000 - Fair value of bifurcated put option 200,000 - Less: unamortized debt discounts (329,000 ) (192,000 ) Total convertible notes payable, net of financing cost $ 16,093,000 $ 468,000 Less: current portion (1,884,000 ) - Total convertible notes payable, net of financing cost, long term $ 14,209,000 $ 468,000 AVLP convertible promissory notes The AVLP convertible notes payable are due and payable on August 22, 2025, with interest at 7% per annum. At the election of the holders, outstanding principal and accrued but unpaid interest under the notes are convertible into shares of AVLP’s common stock at a conversion price equal to either (i) if the aggregate market capital of AVLP on the date of conversion (the “Market Cap”) is $35 million or less, at a 25% discount to the market price, or (ii) if the Market Cap is greater than $35 million, at a 25% discount to the market price, provided that such discount shall be increased by dividing it by the quotient that shall be obtained by dividing $35 million by the Market Cap at the time of conversion, provided, however, any increase in the discount to the market price shall not result in a discount that is greater than a 75% discount (the “Conversion Price”). Notwithstanding the foregoing, in no event shall the Conversion Price be less than $0.35.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	17. COMMITMENTS AND CONTINGENCIES Blockchain Mining Supply and Services, Ltd. On November 28, 2018, Blockchain Mining Supply and Services, Ltd. (“Blockchain Mining”) a vendor who sold computers to one of the Company’s subsidiaries, filed a Complaint (the “Complaint”) in the United States District Court for the Southern District of New York against the Company and the Company’s subsidiary, Digital Farms, Inc. (f/k/a Super Crypto Mining, Inc.), in an action captioned Blockchain Mining Supply and Services, Ltd. v. Super Crypto Mining, Inc. and DPW Holdings, Inc. The Complaint asserts claims for breach of contract and promissory estoppel against the Company and its subsidiary arising from the subsidiary’s alleged failure to honor its obligations under the purchase agreement. The Complaint seeks monetary damages in excess of $ 1,388,495 The Company intends to vigorously defend against the claims asserted against it in this action. On April 13, 2020, the Company and its subsidiary, jointly filed a motion to dismiss the Complaint in its entirety as against the Company, and the promissory estoppel claim as against its subsidiary. On the same day, the Company’s subsidiary also filed a partial Answer to the Complaint in connection with the breach of contract claim. On April 29, 2020, Blockchain Mining filed an amended complaint (the “Amended Complaint”). The Amended Complaint asserts the same causes of action and seeks the same damages as the initial Complaint. On May 13, 2020, the Company and its subsidiary, jointly filed a motion to dismiss the Amended Complaint in its entirety as against the Company, and the promissory estoppel claim as against of its subsidiary. On the same day, the Company’s subsidiary also filed a partial Answer to the Amended Complaint in connection with the breach of contract claim. In its partial Answer, the Company’s subsidiary admitted to the validity of the contract at issue and also asserted numerous affirmative defenses concerning the proper calculation of damages. On December 4, 2020, the Court issued an Order directing the parties to engage in limited discovery to be completed by March 4, 2021. In connection therewith, the Court also denied the defendants’ motion to dismiss without prejudice. On June 2, 2021, the Company and its subsidiary filed a motion to dismiss the Amended Complaint in its entirety as against the Company, and the promissory estoppel claim as against the subsidiary. On August 8, 2022, the Court issued an Order denying the motion to dismiss, in its entirety. The deadline for the Company and its subsidiaries to file an Answer to the Amended Complaint is September 2, 2022. Based on the Company’s assessment of the facts underlying the claims, the uncertainty of litigation, and the preliminary stage of the case, the Company cannot reasonably estimate the potential loss or range of loss that may result from this action. Notwithstanding, the Company has established a reserve in the amount of the unpaid portion of the purchase agreement, which is included in accounts payable and accrued expenses. An unfavorable outcome may have a material adverse effect on the Company’s business, financial condition and results of operations. Ding Gu (a/k/a Frank Gu) and Xiaodan Wang Litigation On January 17, 2020, Ding Gu (a/k/a Frank Gu) (“Gu”) and Xiaodan Wang (“Wang” and with “Gu” collectively, “Plaintiffs”), filed a Complaint (the “Complaint”) in the Supreme Court of the State of New York, County of New York against the Company and the Company’s Chief Executive Officer, Milton C. Ault, III, in an action captioned Ding Gu (a/k/a Frank Gu) and Xiaodan Wang v. DPW Holdings, Inc. and Milton C. Ault III (a/k/a Milton Todd Ault III a/k/a Todd Ault) The Complaint asserts causes of action for declaratory judgment, specific performance, breach of contract, conversion, attorneys’ fees, permanent injunction, enforcement of Guaranty, unjust enrichment, money had and received, and fraud arising from: (i) a series of transactions entered into between Gu and the Company, as well as Gu and Ault, in or about May 2019; and (ii) a term sheet entered into between Plaintiffs and the Company, in or about July 2019. The Complaint seeks, among other things, monetary damages in excess of $ 1.1 million The Company intends to vigorously defend against the claims asserted against it in this action. On May 4, 2020, the Company and Ault jointly filed a motion to dismiss the Complaint in its entirety, with prejudice. On July 28, 2021, the Court conducted oral argument in connection with the motion to dismiss. During the oral argument, the Court informed the parties that the Court was dismissing the fraud claim, in its entirety, and provided Plaintiffs an opportunity to amend their fraud claim within sixty days of the date of the oral argument. The Court reserved decision on the other causes of action. On December 14, 2021, the Court entered a decision and order in connection with the motion to dismiss whereby the Court dismissed Plaintiff’s causes of action for specific performance, conversion, permanent injunction, and reiterated its prior determination that the fraud claim was also dismissed. The Court denied the motion to dismiss in connection with the other causes of action asserted in the complaint. On January 26, 2022, the Company and Mr. Ault filed an answer to the complaint and asserted numerous affirmative defenses. Based on the Company’s assessment of the facts underlying the above claims, the uncertainty of litigation, and the preliminary stage of the case, the Company cannot reasonably estimate the potential loss or range of loss that may result from this action. An unfavorable outcome may have a material adverse effect on the Company’s business, financial condition and results of operations. Subpoena The Company and certain affiliates and related parties have received several subpoenas from the SEC for the production of documents and testimony. The Company is fully cooperating with this non-public, fact-finding inquiry and management believes that the Company has operated its business in compliance with all applicable laws. The subpoenas expressly provide that the inquiry is not to be construed as an indication by the SEC or its staff that any violations of the federal securities laws have occurred, nor should they be considered a reflection upon any person, entity or security. However, there can be no assurance as to the outcome of this matter. Other Litigation Matters The Company is involved in litigation arising from other matters in the ordinary course of business. The Company is regularly subject to claims, suits, regulatory and government investigations, and other proceedings involving labor and employment, commercial disputes, and other matters. Such claims, suits, regulatory and government investigations, and other proceedings could result in fines, civil penalties, or other adverse consequences. Certain of these outstanding matters include speculative, substantial or indeterminate monetary amounts. The Company records a liability when it believes that it is probable that a loss has been incurred and the amount can be reasonably estimated. If the Company determines that a loss is reasonably possible and the loss or range of loss can be estimated, the Company discloses the reasonably possible loss. The Company evaluates developments in its legal matters that could affect the amount of liability that has been previously accrued, and the matters and related reasonably possible losses disclosed, and makes adjustments as appropriate. Significant judgment is required to determine both likelihood of there being and the estimated amount of a loss related to such matters. With respect to the Company’s other outstanding matters, based on the Company’s current knowledge, the Company believes that the amount or range of reasonably possible loss will not, either individually or in aggregate, have a material adverse effect on the Company’s business, consolidated financial position, results of operations, or cash flows. However, the outcome of such matters is inherently unpredictable and subject to significant uncertainties.

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
STOCKHOLDERS’ EQUITY	18. STOCKHOLDERS’ EQUITY 2022 Issuances 2022 ATM Offering – Common Stock On February 25, 2022, the Company entered into an At-The-Market issuance sales agreement with Ascendiant Capital Markets, LLC (“Ascendiant Capital”) to sell shares of common stock having an aggregate offering price of up to $ 200 239.7 million 163.4 million Public Offering of Series D Preferred Stock The Company has designated 2,000,000 On June 3, 2022, the Company announced the closing of its public offering of 144,000 shares of its Series D Preferred Stock at a price to the public of $25.00 per share. Gross proceeds from the offering were approximately $3.6 million, before deducting offering expenses. Net proceeds to the Company, after payment of commissions, non-accountable fees and offering expenses were $3.1 million. 2022 ATM Offering – Preferred Stock On June 14, 2022, the Company entered into an At-The-Market equity offering program with Ascendiant Capital under which it may sell, from time to time, shares of its Series D Preferred Stock for aggregate gross proceeds of up to $ 46,400,000 2,618 57,000

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	19. INCOME TAXES The Company calculates its interim income tax provision in accordance with ASC Topic 270, Interim Reporting, and ASC Topic 740, Income Taxes. The Company’s effective tax rate (“ETR”) from continuing operations was 0.4 (7.4%) 0.2 million 3.5 million 21

NET (LOSS) INCOME PER SHARE

NET (LOSS) INCOME PER SHARE	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
NET (LOSS) INCOME PER SHARE	20. NET (LOSS) INCOME PER SHARE For the three and six months ended June 30, 2022, net loss per share is computed by dividing the net loss to common stockholders by the weighted average number of common shares outstanding. The calculation of the basic and diluted earnings per share is the same for the three and six months ended June 30, 2022, as the effect of the potential common stock equivalents is anti-dilutive due to the Company’s net loss position for the period. Anti-dilutive securities, which are convertible into or exercisable for the Company’s common stock, consisted of the following at June 30, 2022: Net Loss Per Share June 30, 2022 Stock options 6,396,000 Restricted stock grants 2,085,000 Warrants 18,493,000 Convertible notes 165,000 Convertible preferred stock 2,000 Total 27,141,000 Basic and diluted net income per common share for the three and six months ended June 30, 2021 are calculated as follows: For the Three Months Ended June 30, 2021 Income Shares Per-Share (Numerator) (Denominator) Amount Net income attributable to BitNile Holdings $ 41,216,000 Less: Preferred stock dividends (4,000 ) Basic earnings per share Net income available to common stockholders 42,212,000 50,783,000 $ 0.83 Effect of dilutive securities Stock options — 292,000 Warrants 290,000 1,540,000 4% convertible notes 7,000 165,000 Diluted earnings per share Income available to common stockholders plus assumed conversions $ 42,509,000 52,780,000 $ 0.81 For the Six Months Ended June 30, 2021 Income Shares Per-Share (Numerator) (Denominator) Amount Net income attributable to BitNile Holdings $ 44,215,000 Less: Preferred stock dividends (9,000 ) Basic earnings per share Net income available to common stockholders 44,206,000 45,052,000 $ 0.98 Effect of dilutive securities Stock options — 422,000 Warrants (388,000 ) 1,935,000 4% convertible notes 13,000 165,000 Diluted earnings per share Income available to common stockholders plus assumed conversions $ 43,831,000 47,574,000 $ 0.92

SEGMENT AND CUSTOMERS INFORMATI

SEGMENT AND CUSTOMERS INFORMATION	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
SEGMENT AND CUSTOMERS INFORMATION	21. SEGMENT AND CUSTOMERS INFORMATION The Company had six reportable segments as of June 30, 2022 and three as of June 30, 2021; see Note 1 for a brief description of the Company’s business. The following data presents the revenues, expenditures and other operating data of the Company’s operating segments for the three and six months ended June 30, 2022: Three Months Ended June 30, 2022 GWW TurnOnGreen Ault Alliance BNI AGREE Ault Holding Total Revenue $ 6,503,000 $ 1,062,000 $ 12,000 $ - $ - $ - $ - $ 7,577,000 Revenue, cryptocurrency mining - - - 3,976,000 - - - 3,976,000 Revenue, commercial real estate leases - - - 272,000 - - - 272,000 Revenue, lending and trading activities - - 943,000 - - - - 943,000 Revenue, hotel operations - - - - 4,598,000 - - 4,598,000 Total revenues $ 6,503,000 $ 1,062,000 $ 955,000 $ 4,248,000 $ 4,598,000 $ - $ - $ 17,366,000 Depreciation and amortization expense $ 298,000 $ 4,000 $ 34,000 $ 2,613,000 $ 827,000 $ - $ 711,000 $ 4,487,000 Loss from operations $ (1,076,000 ) $ (445,000 ) $ (11,486,000 ) $ (3,454,000 ) $ (166,000 ) $ (489,000 ) $ (6,603,000 ) $ (23,719,000 ) Capital expenditures for the three months ended June 30, 2022 $ 156,000 $ 50,000 $ 761,000 $ 36,397,000 $ (15,000 ) $ - $ 71,000 $ 37,420,000 Six Months Ended June 30, 2022 GWW TurnOnGreen Ault BNI AGREE Ault Holding Total Revenue $ 13,749,000 $ 2,191,000 $ 19,000 $ - $ - $ - $ - $ 15,959,000 Revenue, cryptocurrency mining - - - 7,524,000 - - - 7,524,000 Revenue, commercial real estate leases - - - 549,000 - - - 549,000 Revenue, lending and trading activities - - 18,864,000 - - - - 18,864,000 Revenue, hotel operations - - - - 7,296,000 - - 7,296,000 Total revenues $ 13,749,000 $ 2,191,000 $ 18,883,000 $ 8,073,000 $ 7,296,000 $ - $ - $ 50,192,000 Depreciation and amortization expense $ 519,000 $ 10,000 $ 68,000 $ 4,140,000 $ 1,655,000 $ - $ 53,000 $ 6,445,000 Income (loss) from operations $ (1,220,000 ) $ (1,620,000 ) $ 426,000 $ (3,817,000 ) $ (1,548,000 ) $ (786,000 ) $ (14,124,000 ) $ (22,689,000 ) Capital expenditures for the six months ended June 30, 2022 $ 285,000 $ 125,000 $ 849,000 $ 71,384,000 $ 19,000 $ - $ 117,000 $ 72,779,000 AVLP and SMC Segment Information The AVLP and SMC acquisitions were completed in June 2022. The results of operations were not material to the Company’s consolidated results of operations for the three and six months ended June 30, 2022. As of June 30, 2022, identifiable assets for AVLP and SMC were $ 49.9 million 35.0 million Segment information for the three and six months ended June 30, 2021: Three Months Ended June 30, 2021 GWW TurnOnGreen Ault BNI AGREE Ault Holding Total Revenue $ 6,475,000 $ 1,831,000 $ 50,000 $ - $ - $ - $ - $ 8,356,000 Revenue, cryptocurrency mining - - - 291,000 - - - 291,000 Revenue, commercial real estate leases - - - 208,000 - - - 208,000 Revenue, lending and trading activities - - 53,274,000 - - - - 53,274,000 Revenue, hotel operations - - - - - - - - Total revenues $ 6,475,000 $ 1,831,000 $ 53,324,000 $ 499,000 $ - $ - $ - $ 62,129,000 Depreciation and amortization expense $ 213,000 $ 6,000 $ 27,000 $ 111,000 $ - $ - $ 13,000 $ 370,000 Income (loss) from operations $ (1,000,000 ) $ 117,000 $ 49,375,000 $ (197,000 ) $ - $ (118,000 ) $ (2,354,000 ) $ 45,823,000 Capital expenditures for the three months ended June 30, 2021 $ 474,000 $ - $ 12,000 $ 650,000 $ - $ - $ 105,000 $ 1,241,000 Six Months Ended June 30, 2021 GWW TurnOnGreen Ault BNI AGREE Ault Holding Total Revenue $ 12,826,000 $ 3,213,000 $ 126,000 $ - $ - $ - $ - $ 16,165,000 Revenue, cryptocurrency mining - - - 421,000 - - - 421,000 Revenue, commercial real estate leases - - - 304,000 - - - 304,000 Revenue, lending and trading activities - - 58,485,000 - - - 58,485,000 Revenue, hotel operations - - - - - - Total revenues $ 12,826,000 $ 3,213,000 $ 58,611,000 $ 725,000 $ - $ - $ - $ 75,375,000 Depreciation and amortization expense $ 428,000 $ 13,000 $ 28,000 $ 152,000 $ - $ - $ 16,000 $ 637,000 Income (loss) from operations $ (788,000 ) $ (83,000 ) $ 53,781,000 $ (500,000 ) $ - $ (188,000 ) $ (5,197,000 ) $ 47,025,000 Capital expenditures for the six months ended June 30, 2021 $ 566,000 $ - $ 285,000 $ 4,634,000 $ - $ - $ 105,000 $ 5,590,000

CONCENTRATIONS OF CREDIT AND RE

CONCENTRATIONS OF CREDIT AND REVENUE RISK	6 Months Ended
	Jun. 30, 2022
Risks and Uncertainties [Abstract]
CONCENTRATIONS OF CREDIT AND REVENUE RISK	22. CONCENTRATIONS OF CREDIT AND REVENUE RISK Accounts receivable are concentrated with certain large customers. At June 30, 2022, approximately 38 10 For the three months ended June 30, 2022, one customer represented 13

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	23. SUBSEQUENT EVENTS 2022 Common ATM Offering During the period between July 1, 2022 through August 18, 2022, the Company sold an aggregate of 6.5 million 2.1 million 2022 Preferred ATM Offering During the period between July 1, 2022 through August 18, 2022, the Company sold an aggregate of 6,866 126,000 Investments in Alpha Fund During the period between July 1, 2022 through August 18, 2022, DP Lending purchased an additional $6.5 million of limited partnership interests in Alpha Fund. As of August 18, 2022, DP Lending had subscribed for $31.5 million of limited partnership interests. Formation of Ault Energy On July 11, 2022, the Company announced the formation of Ault Energy, LLC (“Ault Energy”), as an indirect wholly-owned subsidiary of the Company through Ault Alliance. Ault Energy will partner with White River Holdings Corp. (“White River”), a wholly owned subsidiary of Ecoark Holdings, Inc. (“Ecoark”), on drilling projects across 30,000 acres in Texas, Louisiana and Mississippi. Ault Energy, as DP Lending’s designee, has the right to purchase up to 25 In August 2022, Ault Energy committed to purchasing 40% of the first drilling project offered, at a cost to Ault Energy of approximately $1 million. Note Purchase Agreement On August 10, 2022, the Company, through its BNI and DP Lending subsidiaries, entered into a note purchase agreement providing for the issuance of secured promissory notes with an aggregate principal face amount of $11,000,000 and an interest rate of 10%. The purchase price (proceeds to the Company) for the secured promissory notes was $10.0 million. The secured promissory notes have a security interest in marketable securities, investments and certain Bitcoin mining equipment. The secured promissory notes are further secured by a guaranty provided by the Company, as well as by Milton C. Ault, the Executive Chairman of the Company. The maturity date of the secured promissory notes is August 10, 2023. The Company is required to make monthly payment (principal and interest) of $1,000,000 on the tenth calendar day of each month, starting in September 2022. After six months, the Company may elect to pay a forbearance fee of $250,000 in lieu of a monthly payment, which would extend the maturity date of the related secured promissory notes. Hosting Agreement On August 15, 2022, the Company, through its BNI subsidiary, entered into a hosting agreement with Compute North LLC (“Compute North”) to host 6,500 S19j Pro Antminers owned by BNI for a period of five years. The Company granted Compute North a continuing first-position security interest in the hosted miners, as collateral for the Company’s obligations under the hosting agreement.

BASIS OF PRESENTATION AND SIG_2

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies Other than as noted below, there have been no material changes to the Company’s significant accounting policies previously disclosed in the 2021 Annual Report.
Business Combination	Business Combination The Company allocates the purchase price of an acquired business to the tangible and intangible assets acquired and liabilities assumed based upon their estimated fair values on the acquisition date. Any excess of the purchase price over the fair value of the net assets acquired is recorded as goodwill. Acquired customer relations, technology, tradenames and know how are recognized at fair value. The purchase price allocation process requires management to make significant estimates and assumptions, especially at the acquisition date with respect to intangible assets. Direct transaction costs associated with the business combination are expensed as incurred. The allocation of the consideration transferred in certain cases may be subject to revision based on the final determination of fair values during the measurement period, which may be up to one year from the acquisition date. The Company includes the results of operations of the business that it has acquired in its consolidated results prospectively from the date of acquisition. If the business combination is achieved in stages, the acquisition date carrying value of the acquirer’s previously held equity interest in the acquirer is re-measured to fair value at the acquisition date; any gains or losses arising from such re-measurement are recognized in profit or loss.
Reclassifications	Reclassifications Certain prior period amounts have been reclassified for comparative purposes to conform to the current-period financial statement presentation. These reclassifications had no effect on previously reported results of operations.
Recent Accounting Standards	Recent Accounting Standards In May 2021, the Financial Accountings Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2021-04, “Earnings Per Share (Topic 260), Debt-Modifications and Extinguishments (Subtopic 470-50), Compensation-Stock Compensation (Topic 718), and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 815- 40): Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options.” The guidance became effective for the Company on January 1, 2022. The Company adopted the guidance on January 1, 2022, and has concluded the adoption did not have a material impact on its unaudited condensed consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments - Credit Losses,” (“ASU No. 2016-13”) to improve information on credit losses for financial assets and net investment in leases that are not accounted for at fair value through net income. ASU 2016-13 replaces the current incurred loss impairment methodology with a methodology that reflects expected credit losses. This guidance is effective for the Company beginning on January 1, 2023, with early adoption permitted. The Company does not expect that the adoption of this standard will have a significant impact on its condensed consolidated financial statements. In August 2020, the FASB issued ASU 2020-06, “Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 815-40)-Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity” (“ASU 2020-06”). The ASU simplifies accounting for convertible instruments by removing major separation models required under current GAAP. Consequently, more convertible debt instruments will be reported as a single liability instrument with no separate accounting for embedded conversion features. ASU 2020-06 removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for it. ASU 2020-06 also simplifies the diluted net income per share calculation in certain areas. The amendments in ASU 2020-06 are effective for smaller reporting companies as defined by the SEC, for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Effective January 1, 2022, the Company early adopted ASU 2020-06 using the modified retrospective approach, which resulted in no impact on its condensed consolidated financial statements. In October 2021, the FASB issued ASU 2021-08, “Business Combinations (Topic 805), Accounting for Contract Assets and Contract Liabilities from Contracts with Customers,” which requires contract assets and contract liabilities acquired in a business combination to be recognized and measured by the acquirer on the acquisition date in accordance with Accounting Standards Codification (“ASC”) 606, “Revenue from Contracts with Customers.” The guidance will result in the acquirer recognizing contract assets and contract liabilities at the same amounts recorded by the acquiree. The guidance should be applied prospectively to acquisitions occurring on or after the effective date. The guidance is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted, including in interim periods, for any financial statements that have not yet been issued. The Company is currently evaluating this guidance to determine the impact it may have on its condensed consolidated financial statements. In November 2021, the FASB issued ASU 2021-10, “Government Assistance (Topic 832),” which requires annual disclosures that increase the transparency of transactions involving government grants, including (1) the types of transactions, (2) the accounting for those transactions, and (3) the effect of those transactions on an issuer’s financial statements. The amendments in this update are effective for financial statements issued for annual periods beginning after December 15, 2021. The Company expects that this guidance will not have a significant impact on its condensed consolidated financial statements.

REVENUE DISAGGREGATION (Tables)

REVENUE DISAGGREGATION (Tables)	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
The Company’s disaggregated revenues consisted of the following for the three months ended June 30, 2022:	The Company’s disaggregated revenues consisted of the following for the three months ended June 30, 2022: Three months ended June 30, 2022 GWW TurnOnGreen Ault BNI AGREE Total Primary Geographical Markets North America $ 1,111,000 $ 822,000 $ 12,000 $ 4,248,000 $ 4,598,000 $ 10,791,000 Europe 2,540,000 28,000 - - - 2,568,000 Middle East and other 2,852,000 212,000 - - - 3,064,000 Revenue from contracts with customers 6,503,000 1,062,000 12,000 4,248,000 4,598,000 16,423,000 Revenue, lending and trading activities (North America) - - 943,000 - - 943,000 Total revenue $ 6,503,000 $ 1,062,000 $ 955,000 $ 4,248,000 $ 4,598,000 $ 17,366,000 Major Goods or Services RF/microwave filters 559,000 - - - - 559,000 Detector logarithmic video amplifiers 692,000 - - - - 692,000 Power supply units 1,698,000 1,016,000 - - - 2,714,000 Power supply systems 609,000 - - - - 609,000 Healthcare diagnostic systems 1,992,000 - - - - 1,992,000 Electric vehicle chargers - 46,000 - - - 46,000 Defense systems 953,000 - - - - 953,000 Digital currency mining - - - 3,976,000 - 3,976,000 Hotel operations - - - - 4,598,000 4,598,000 Other - - 12,000 272,000 - 284,000 Revenue from contracts with customers 6,503,000 1,062,000 12,000 4,248,000 4,598,000 16,423,000 Revenue, lending and trading activities - - 943,000 - - 943,000 Total revenue $ 6,503,000 $ 1,062,000 $ 955,000 $ 4,248,000 $ 4,598,000 $ 17,366,000 Timing of Revenue Recognition Goods transferred at a point in time $ 3,601,000 $ 1,062,000 $ 12,000 $ 4,248,000 $ 4,598,000 $ 13,521,000 Services transferred over time 2,902,000 - - - - 2,902,000 Revenue from contracts with customers $ 6,503,000 $ 1,062,000 $ 12,000 $ 4,248,000 $ 4,598,000 $ 16,423,000 The Company’s disaggregated revenues consisted of the following for the six months ended June 30, 2022: Six months ended June 30, 2022 GWW TurnOnGreen Ault BNI AGREE Total Primary Geographical Markets North America $ 2,622,000 $ 1,834,000 $ 19,000 $ 8,074,000 $ 7,296,000 $ 19,845,000 Europe 4,719,000 47,000 - - - 4,766,000 Middle East and other 6,407,000 310,000 - - - 6,717,000 Revenue from contracts with customers 13,748,000 2,191,000 19,000 8,074,000 7,296,000 31,328,000 Revenue, lending and trading activities (North America) - - 18,864,000 - - 18,864,000 Total revenue $ 13,748,000 $ 2,191,000 $ 18,883,000 $ 8,074,000 $ 7,296,000 $ 50,192,000 Major Goods or Services RF/microwave filters 2,070,000 - - - - 2,070,000 Detector logarithmic video amplifiers 692,000 - - - - 692,000 Power supply units 4,129,000 2,112,000 - - - 6,241,000 Power supply systems 657,000 - - - - 657,000 Healthcare diagnostic systems 1,992,000 - - - - 1,992,000 Electric vehicle chargers - 79,000 - - - 79,000 Defense systems 4,208,000 - - - - 4,208,000 Digital currency mining - - - 7,524,000 - 7,524,000 Hotel operations - - - - 7,296,000 7,296,000 Other - - 19,000 550,000 - 569,000 Revenue from contracts with customers 13,748,000 2,191,000 19,000 8,074,000 7,296,000 31,328,000 Revenue, lending and trading activities - - 18,864,000 - - 18,864,000 Total revenue $ 13,748,000 $ 2,191,000 $ 18,883,000 $ 8,074,000 $ 7,296,000 $ 50,192,000 Timing of Revenue Recognition Goods transferred at a point in time $ 7,113,000 $ 2,191,000 $ 19,000 $ 8,074,000 $ 7,296,000 $ 24,693,000 Services transferred over time 6,635,000 - - - - 6,635,000 Revenue from contracts with customers $ 13,748,000 $ 2,191,000 $ 19,000 $ 8,074,000 $ 7,296,000 $ 31,328,000 The Company’s disaggregated revenues consisted of the following for the three months ended June 30, 2021: Three months ended June 30, 2021 GWW TurnOnGreen Ault Alliance Total Primary Geographical Markets North America $ 2,140,000 $ 1,289,000 $ 550,000 $ 3,979,000 Europe 1,842,000 453,000 - 2,295,000 Middle East and other 2,493,000 88,000 - 2,581,000 Revenue from contracts with customers 6,475,000 1,830,000 550,000 8,855,000 Revenue, lending and trading activities (North America) - - 53,274,000 53,274,000 Total revenue $ 6,475,000 $ 1,830,000 $ 53,824,000 $ 62,129,000 Major Goods RF/microwave filters $ 1,076,000 $ - $ - $ 1,076,000 Detector logarithmic video amplifiers 73,000 - - 73,000 Power supply units 240,000 1,830,000 - 2,070,000 Power supply systems 2,475,000 - - 2,475,000 Healthcare diagnostic systems 228,000 - - 228,000 Defense systems 2,383,000 - - 2,383,000 Digital currency mining - - 291,000 291,000 Other - - 259,000 259,000 Revenue from contracts with customers 6,475,000 1,830,000 550,000 8,855,000 Revenue, lending and trading activities - - 53,274,000 53,274,000 Total revenue $ 6,475,000 $ 1,830,000 $ 53,824,000 $ 62,129,000 Timing of Revenue Recognition Goods transferred at a point in time $ 3,863,000 $ 1,830,000 $ 550,000 $ 6,243,000 Services transferred over time 2,612,000 - - 2,612,000 Revenue from contracts with customers $ 6,475,000 $ 1,830,000 $ 550,000 $ 8,855,000 The Company’s disaggregated revenues consisted of the following for the six months ended June 30, 2021: Six months ended June 30, 2021 GWW TurnOnGreen Ault Alliance Total Primary Geographical Markets North America $ 4,029,000 $ 2,497,000 $ 852,000 $ 7,378,000 Europe 3,752,000 562,000 - 4,314,000 Middle East and other 5,044,000 154,000 - 5,198,000 Revenue from contracts with customers 12,825,000 3,213,000 852,000 16,890,000 Revenue, lending and trading activities (North America) - - 58,485,000 58,485,000 Total revenue $ 12,825,000 $ 3,213,000 $ 59,337,000 $ 75,375,000 Major Goods RF/microwave filters $ 2,291,000 $ - $ - $ 2,291,000 Detector logarithmic video amplifiers 144,000 - - 144,000 Power supply units 478,000 3,213,000 - 3,691,000 Power supply systems 4,708,000 - - 4,708,000 Healthcare diagnostic systems 413,000 - - 413,000 Defense systems 4,791,000 - - 4,791,000 Digital currency mining - - 421,000 421,000 Other - - 431,000 431,000 Revenue from contracts with customers 2,825,000 3,213,000 852,000 16,890,000 Revenue, lending and trading activities - - 58,485,000 58,485,000 Total revenue $ 12,825,000 $ 3,213,000 $ 59,337,000 $ 75,375,000 Timing of Revenue Recognition Goods transferred at a point in time $ 7,621,000 $ 3,213,000 $ 852,000 $ 11,686,000 Services transferred over time 5,204,000 - - 5,204,000 Revenue from contracts with customers $ 12,825,000 $ 3,213,000 $ 852,000 $ 16,890,000

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
The following table sets forth the Company’s financial instruments that were measured at fair value on a recurring basis by level within the fair value hierarchy:	The following table sets forth the Company’s financial instruments that were measured at fair value on a recurring basis by level within the fair value hierarchy: Fair Value Measurement at June 30, 2022 Total Level 1 Level 2 Level 3 Investment in term promissory note of Ault & Company, Inc. (“Ault & Company”) and other – a related party $ 2,770,000 $ - $ - $ 2,770,000 Investment in common stock of Alzamend Neuro, Inc. (“Alzamend”) – a related party 8,845,000 8,845,000 - - Investments in marketable equity securities 17,467,000 17,467,000 - - Cash and marketable securities held in trust account 116,895,000 116,895,000 - - Investments in other equity securities 804,000 - - 804,000 Total assets measured at fair value $ 146,781,000 $ 143,207,000 $ - $ 3,574,000 Fair Value Measurement at December 31, 2021 Total Level 1 Level 2 Level 3 Investment in term promissory note of Ault & Company and other – a related party $ 2,842,000 $ - $ - $ 2,842,000 Investment in common stock of Alzamend – a related party 13,230,000 13,230,000 - - Investments in marketable equity securities 40,380,000 40,380,000 - - Cash and marketable securities held in trust account 116,725,000 116,725,000 - - Investments in other equity securities 9,215,000 - - 9,215,000 Total assets measured at fair value $ 182,392,000 $ 170,335,000 $ - $ 12,057,000
The following table summarizes the changes in investments in other equity securities measured and carried at fair value on a recurring basis with the use of significant unobservable inputs (Level 3) for the six months ended June 30, 2022:	The following table summarizes the changes in investments in other equity securities measured and carried at fair value on a recurring basis with the use of significant unobservable inputs (Level 3) for the six months ended June 30, 2022: Investments in Balance at January 1, 2022 $ 9,215,000 Investment in preferred stock 2,550,000 Change in fair value of warrants 13,867,000 Conversion to marketable securities (24,828,000 ) Balance at June 30, 2022 $ 804,000
These investments were not measured due to an observable price change or impairment during the six months ended June 30, 2022.	The following table presents information on the assets measured at fair value on a nonrecurring basis by level within the fair value hierarchy as of June 30, 2022 and December 31, 2021. These investments were not measured due to an observable price change or impairment during the six months ended June 30, 2022. Fair Value Measurement Using Total Quoted prices Other Significant As of June 30, 2022 Investments in other equity securities that do not report net asset value $ 37,691,000 $ - $ - $ 37,691,000 Fair Value Measurement Using Total Quoted prices Other Significant As of December 31, 2021 Investments in other equity securities that do not report net asset value $ 21,241,000 $ - $ - $ 21,241,000

MARKETABLE EQUITY SECURITIES (T

MARKETABLE EQUITY SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2022
Marketable Equity Securities
Marketable equity securities with readily determinable market prices consisted of the following as of June 30, 2022 and December 31, 2021:	Marketable equity securities with readily determinable market prices consisted of the following as of June 30, 2022 and December 31, 2021: Marketable equity securities at June 30, 2022 Gross unrealized Gross unrealized Cost gains losses Fair value Common shares $ 26,063,000 $ 481,000 $ (9,077,000 ) $ 17,467,000 Marketable equity securities at December 31, 2021 Gross unrealized Gross unrealized Cost gains losses Fair value Common shares $ 53,475,000 $ 32,000 $ (13,127,000 ) $ 40,380,000

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	6 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
At June 30, 2022 and December 31, 2021, property and equipment consisted of:	At June 30, 2022 and December 31, 2021, property and equipment consisted of: June 30, 2022 December 31, 2021 Cryptocurrency machines and related equipment $ 76,963,000 $ 10,763,000 Computer, software and related equipment 18,697,000 8,884,000 Office furniture and equipment 2,585,000 702,000 Land 25,696,000 25,696,000 Building and improvements 70,926,000 68,959,000 194,867,000 115,004,000 Accumulated depreciation and amortization (10,403,000 ) (5,096,000 ) Property and equipment placed in service, net 184,464,000 109,908,000 Deposits on cryptocurrency machines 61,523,000 64,117,000 Property and equipment, net $ 245,987,000 $ 174,025,000

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)	6 Months Ended
	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
The following table presents the final allocation of the consideration transferred to the assets acquired and liabilities assumed based on their fair values.	The following table presents the final allocation of the consideration transferred to the assets acquired and liabilities assumed based on their fair values. Preliminary Total purchase consideration $ 20,706,000 Fair value of non-controlling interest 6,706,000 Total consideration $ 27,412,000 Identifiable net liabilities assumed: Cash $ 1,245,000 Prepaid expenses and other current assets 55,000 Property and equipment 5,057,000 Note receivable 800,000 Accounts payable and accrued expenses (6,935,000 ) Convertible notes payable, principal (9,734,000 ) Fair value of embedded derivative (1,226,000 ) Fair value of bifurcated conversion option (4,425,000 ) Fair value of bifurcated put option (200,000 ) Net liabilities assumed (15,363,000 ) Goodwill $ 42,775,000
The following table presents the preliminary allocation of the consideration transferred to the assets acquired and liabilities assumed based on their fair values.	The following table presents the preliminary allocation of the consideration transferred to the assets acquired and liabilities assumed based on their fair values. Preliminary Total purchase consideration $ 10,517,000 Fair value of non-controlling interest 10,336,000 Total consideration $ 20,853,000 Identifiable net assets acquired: Cash $ 2,278,000 Accounts receivable 9,891,000 Prepaid expenses and other current assets 673,000 Inventories 12,840,000 Property and equipment, net 529,000 Right-of-use assets 1,073,000 Other assets 83,000 Intangible assets: Trade names-estimated useful life of 19 years 2,470,000 Customer relationships-estimated useful life of 16 years 1,380,000 Proprietary technology-estimated useful life of 3 years 600,000 Accounts payable and accrued expenses (10,052,000 ) Notes payable (2,972,000 ) Lease liabilities (1,124,000 ) Net assets acquired 17,669,000 Goodwill $ 3,184,000
The following unaudited pro forma consolidated results of operations for the three and six months ended June 30, 2022 have been prepared as if the SMC acquisition had occurred on January 1, 2022.	The following unaudited pro forma consolidated results of operations for the three and six months ended June 30, 2022 have been prepared as if the SMC acquisition had occurred on January 1, 2022. Three Months Ended Six Months Ended June 30, 2022 June 30, 2022 Total revenues $ 29,058,000 $ 64,717,000 Net loss attributable to BitNile Holdings, Inc. $ (26,206,000 ) $ (56,531,000 )

GOODWILL (Tables)

GOODWILL (Tables)	6 Months Ended
	Jun. 30, 2022
Following Table Summarizes Changes In Companys Goodwill For Six Months Ended June 30 2022
The following table summarizes the changes in the Company’s goodwill for the six months ended June 30, 2022:	The Company’s goodwill increased due to the acquisition of controlling interests in AVLP on June 1, 2022 and SMC on June 15, 2022. The following table summarizes the changes in the Company’s goodwill for the six months ended June 30, 2022: Goodwill Balance as of January 1, 2022 $ 10,090,000 Acquisition of AVLP 42,775,000 Acquisition of SMC 3,184,000 Effect of exchange rate changes (727,000 ) Balance as of June 30, 2022 $ 55,322,000

INVESTMENTS _ RELATED PARTIES (

INVESTMENTS – RELATED PARTIES (Tables)	6 Months Ended
	Jun. 30, 2022
Investments Related Parties
Investments in Alzamend and Ault & Company at June 30, 2022 and December 31, 2021, were comprised of the following:	Investments in Alzamend and Ault & Company at June 30, 2022 and December 31, 2021, were comprised of the following: Investment in Promissory Notes, Related Parties Interest Due June 30, December 31, rate date 2022 2021 Investment in promissory note of Ault & Company 8% December 31, 2022 $ 2,500,000 $ 2,500,000 Accrued interest receivable, Ault & Company 270,000 170,000 Other - 172,000 Total investment in promissory note, related party $ 2,770,000 $ 2,842,000 Investment in Common Stock and Options, Related Parties June 30, December 31, 2022 2021 Investment in common stock and options of Alzamend $ 8,845,000 $ 13,230,000
The following table summarizes the changes in the Company’s investments in Alzamend and Ault & Company during the six months ended June 30, 2022:	The following table summarizes the changes in the Company’s investments in Alzamend and Ault & Company during the six months ended June 30, 2022: Investment in Investment in Balance at January 1, 2022 $ 13,230,000 $ 2,842,000 Investment in common stock and options of Alzamend 4,663,000 - Unrealized loss in common stock of Alzamend (9,048,000 ) - Amortization of related party investment - (173,000 ) Accrued interest - 101,000 Balance at June 30, 2022 $ 8,845,000 $ 2,770,000
The following table summarizes the changes in the Company’s investments in Alzamend common stock during the six months ended June 30, 2022:	The following table summarizes the changes in the Company’s investments in Alzamend common stock during the six months ended June 30, 2022: Shares of Per Share Investment in Common Stock Price Common Stock Balance at January 1, 2022 6,947,000 $ 1.90 $ 13,230,000 March 9, 2021 securities purchase agreement * 2,667,000 $ 1.50 4,000,000 Open market purchases after initial public offering 618,000 $ 1.07 663,000 Unrealized loss in common stock of Alzamend (9,048,000 ) Balance at June 30, 2022 10,232,000 $ 0.86 $ 8,845,000 * Pursuant to the March 9, 2021 securities purchase agreement, in aggregate, Alzamend agreed to sell up to 6,666,667 shares of its common stock to DP Lending for $10.0 million, or $1.50 per share, and issue to DP Lending warrants to acquire 3,333,334 shares of Alzamend common stock with an exercise price of $3.00 per share. As of December 31, 2021, DP Lending funded $6.0 million, including the conversion of notes and advances of $0.8 million, and the remaining $4.0 million was funded upon Alzamend achieving certain milestones during the three months ended June 30, 2022.

INVESTMENT IN UNCONSOLIDATED _2

INVESTMENT IN UNCONSOLIDATED ENTITY – AVLP (Tables)	6 Months Ended
	Jun. 30, 2022
Investment In Unconsolidated Entity Avlp
The Company converted its AVLP convertible promissory note on June 1, 2022 as part of the acquisition of AVLP (see Note 8). Equity investments in the then unconsolidated entity, AVLP, at December 31, 2021, were comprised of the following:	The Company converted its AVLP convertible promissory note on June 1, 2022 as part of the acquisition of AVLP (see Note 8). Equity investments in the then unconsolidated entity, AVLP, at December 31, 2021, were comprised of the following: Investment in Promissory Notes Interest rate Due date December 31, 2021 Investment in convertible promissory note 12 2022-2026 $ 17,799,000 Investment in promissory note – Alpha Fund 8 June 30, 2022 3,600,000 Accrued interest receivable 2,092,000 Other 600,000 Total investment in promissory notes, gross 24,091,000 Less: provision for loan losses (2,000,000 ) Total investment in promissory note $ 22,091,000
The following table summarizes the changes in the Company’s equity investments in the then unconsolidated entity, AVLP, during the six months ended June 30, 2022:	The following table summarizes the changes in the Company’s equity investments in the then unconsolidated entity, AVLP, during the six months ended June 30, 2022: Investment in Investment in warrants and promissory notes Total common stock and advances investment Balance at January 1, 2022 $ 39,000 $ 22,091,000 $ 22,130,000 Investment in convertible promissory notes - 2,200,000 2,200,000 Loss from equity investment (39,000 ) (885,000 ) (924,000 ) Accrued interest - 143,000 143,000 Loss on remeasurement upon conversion - (2,700,000 ) (2,700,000 ) Conversion of AVLP convertible promissory notes - (17,040,000 ) (17,040,000 ) Elimination of intercompany debt after conversion - (3,809,000 ) (3,809,000 ) Balance at June 30, 2022 $ - $ - $ -

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)	6 Months Ended
	Jun. 30, 2022
Payables and Accruals [Abstract]
Schedule of other current liabilities	Other current liabilities at June 30, 2022 and December 31, 2021 consisted of: Schedule of other current liabilities June 30, December 31, 2022 2021 Accounts payable $ 18,348,000 $ 6,902,000 Accrued payroll and payroll taxes 6,540,000 5,027,000 Financial instrument liabilities 934,000 4,249,000 Accrued legal 1,787,000 2,637,000 Interest payable 3,680,000 187,000 Other accrued expenses 12,236,000 3,753,000 Total $ 43,525,000 $ 22,755,000
Schedule of Financial Instrument	The financial instruments were valued using a variety of pricing models with the following valuation assumptions: Schedule of Financial Instrument June 30, 2022 December 31, 2021 Contractually stipulated stock price $2.50 $2.50 Exercise price $2.50 $2.50 Contractually defined remaining term 5.0 5.0 Contractually defined volatility 135% 135% Dividend yield 0% 0% Risk-free interest rate 3.0% 1.3%
Schedule of fair value of the financial instruments	The following table sets forth a summary of the changes in the estimated fair value of the financial instruments during the six months ended June 30, 2022 and 2021: Schedule of fair value of the financial instruments June 30, 2022 June 30, 2021 Beginning balance $ 4,249,000 $ 4,192,000 Change in fair value 24,000 388,000 Extinguishment (3,339,000 ) - Ending balance $ 934,000 $ 4,580,000

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Payable
Schedule of notes payable	Notes payable at June 30, 2022 and December 31, 2021, were comprised of the following. Schedule of notes payable Interest Due date June 30, 2022 December 31, Short-term notes payable 12.0% Aug. – Nov. 2022 $ 92,000 $ 118,000 10% original issue discount senior secured notes - 65,972,000 AGREE Madison secured construction loans 7.0% January 1, 2025 55,055,000 55,055,000 SMC line of credit 15.5% June 11, 2023 2,500,000 - SMC installment notes 7.6% June 18, 2024 195,000 - SMC notes payable 6.0% Sep. 2024 – Feb. 2025 353,000 - XBTO Trading note payable 12.5% December 30, 2023 4,000,000 - Short-term bank line of credit 3.9% Renews monthly 1,736,000 960,000 Total notes payable $ 63,931,000 $ 122,105,000 Less: Unamortized debt discounts (1,044,000 ) (27,496,000 ) Total notes payable, net $ 62,887,000 $ 94,609,000 Less: current portion (7,340,000 ) (39,554,000 ) Notes payable – long-term portion $ 55,547,000 $ 55,055,000

CONVERTIBLE NOTES (Tables)

CONVERTIBLE NOTES (Tables)	6 Months Ended
	Jun. 30, 2022
Convertible Notes
Convertible notes payable at June 30, 2022 and December 31, 2021, were comprised of the following:	Convertible notes payable at June 30, 2022 and December 31, 2021, were comprised of the following: Conversion price Interest Due June 30, December 31, Convertible promissory note $ 4.00 4 May 10, 2024 $ 660,000 $ 660,000 AVLP convertible promissory notes $ 0.35 15 August 22, 2025 9,911,000 - Fair value of embedded derivative 1,226,000 - Fair value of bifurcated conversion option 4,425,000 - Fair value of bifurcated put option 200,000 - Less: unamortized debt discounts (329,000 ) (192,000 ) Total convertible notes payable, net of financing cost $ 16,093,000 $ 468,000 Less: current portion (1,884,000 ) - Total convertible notes payable, net of financing cost, long term $ 14,209,000 $ 468,000 AVLP convertible promissory notes The AVLP convertible notes payable are due and payable on August 22, 2025, with interest at 7% per annum. At the election of the holders, outstanding principal and accrued but unpaid interest under the notes are convertible into shares of AVLP’s common stock at a conversion price equal to either (i) if the aggregate market capital of AVLP on the date of conversion (the “Market Cap”) is $35 million or less, at a 25% discount to the market price, or (ii) if the Market Cap is greater than $35 million, at a 25% discount to the market price, provided that such discount shall be increased by dividing it by the quotient that shall be obtained by dividing $35 million by the Market Cap at the time of conversion, provided, however, any increase in the discount to the market price shall not result in a discount that is greater than a 75% discount (the “Conversion Price”). Notwithstanding the foregoing, in no event shall the Conversion Price be less than $0.35.

NET (LOSS) INCOME PER SHARE (Ta

NET (LOSS) INCOME PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Net Loss Per Share	Net Loss Per Share June 30, 2022 Stock options 6,396,000 Restricted stock grants 2,085,000 Warrants 18,493,000 Convertible notes 165,000 Convertible preferred stock 2,000 Total 27,141,000
Basic and diluted net income per common share for the three and six months ended June 30, 2021 are calculated as follows:	Basic and diluted net income per common share for the three and six months ended June 30, 2021 are calculated as follows: For the Three Months Ended June 30, 2021 Income Shares Per-Share (Numerator) (Denominator) Amount Net income attributable to BitNile Holdings $ 41,216,000 Less: Preferred stock dividends (4,000 ) Basic earnings per share Net income available to common stockholders 42,212,000 50,783,000 $ 0.83 Effect of dilutive securities Stock options — 292,000 Warrants 290,000 1,540,000 4% convertible notes 7,000 165,000 Diluted earnings per share Income available to common stockholders plus assumed conversions $ 42,509,000 52,780,000 $ 0.81 For the Six Months Ended June 30, 2021 Income Shares Per-Share (Numerator) (Denominator) Amount Net income attributable to BitNile Holdings $ 44,215,000 Less: Preferred stock dividends (9,000 ) Basic earnings per share Net income available to common stockholders 44,206,000 45,052,000 $ 0.98 Effect of dilutive securities Stock options — 422,000 Warrants (388,000 ) 1,935,000 4% convertible notes 13,000 165,000 Diluted earnings per share Income available to common stockholders plus assumed conversions $ 43,831,000 47,574,000 $ 0.92

SEGMENT AND CUSTOMERS INFORMA_2

SEGMENT AND CUSTOMERS INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
The following data presents the revenues, expenditures and other operating data of the Company’s operating segments for the three and six months ended June 30, 2022:	The following data presents the revenues, expenditures and other operating data of the Company’s operating segments for the three and six months ended June 30, 2022: Three Months Ended June 30, 2022 GWW TurnOnGreen Ault Alliance BNI AGREE Ault Holding Total Revenue $ 6,503,000 $ 1,062,000 $ 12,000 $ - $ - $ - $ - $ 7,577,000 Revenue, cryptocurrency mining - - - 3,976,000 - - - 3,976,000 Revenue, commercial real estate leases - - - 272,000 - - - 272,000 Revenue, lending and trading activities - - 943,000 - - - - 943,000 Revenue, hotel operations - - - - 4,598,000 - - 4,598,000 Total revenues $ 6,503,000 $ 1,062,000 $ 955,000 $ 4,248,000 $ 4,598,000 $ - $ - $ 17,366,000 Depreciation and amortization expense $ 298,000 $ 4,000 $ 34,000 $ 2,613,000 $ 827,000 $ - $ 711,000 $ 4,487,000 Loss from operations $ (1,076,000 ) $ (445,000 ) $ (11,486,000 ) $ (3,454,000 ) $ (166,000 ) $ (489,000 ) $ (6,603,000 ) $ (23,719,000 ) Capital expenditures for the three months ended June 30, 2022 $ 156,000 $ 50,000 $ 761,000 $ 36,397,000 $ (15,000 ) $ - $ 71,000 $ 37,420,000 Six Months Ended June 30, 2022 GWW TurnOnGreen Ault BNI AGREE Ault Holding Total Revenue $ 13,749,000 $ 2,191,000 $ 19,000 $ - $ - $ - $ - $ 15,959,000 Revenue, cryptocurrency mining - - - 7,524,000 - - - 7,524,000 Revenue, commercial real estate leases - - - 549,000 - - - 549,000 Revenue, lending and trading activities - - 18,864,000 - - - - 18,864,000 Revenue, hotel operations - - - - 7,296,000 - - 7,296,000 Total revenues $ 13,749,000 $ 2,191,000 $ 18,883,000 $ 8,073,000 $ 7,296,000 $ - $ - $ 50,192,000 Depreciation and amortization expense $ 519,000 $ 10,000 $ 68,000 $ 4,140,000 $ 1,655,000 $ - $ 53,000 $ 6,445,000 Income (loss) from operations $ (1,220,000 ) $ (1,620,000 ) $ 426,000 $ (3,817,000 ) $ (1,548,000 ) $ (786,000 ) $ (14,124,000 ) $ (22,689,000 ) Capital expenditures for the six months ended June 30, 2022 $ 285,000 $ 125,000 $ 849,000 $ 71,384,000 $ 19,000 $ - $ 117,000 $ 72,779,000 AVLP and SMC Segment Information The AVLP and SMC acquisitions were completed in June 2022. The results of operations were not material to the Company’s consolidated results of operations for the three and six months ended June 30, 2022. As of June 30, 2022, identifiable assets for AVLP and SMC were $ 49.9 million 35.0 million Segment information for the three and six months ended June 30, 2021: Three Months Ended June 30, 2021 GWW TurnOnGreen Ault BNI AGREE Ault Holding Total Revenue $ 6,475,000 $ 1,831,000 $ 50,000 $ - $ - $ - $ - $ 8,356,000 Revenue, cryptocurrency mining - - - 291,000 - - - 291,000 Revenue, commercial real estate leases - - - 208,000 - - - 208,000 Revenue, lending and trading activities - - 53,274,000 - - - - 53,274,000 Revenue, hotel operations - - - - - - - - Total revenues $ 6,475,000 $ 1,831,000 $ 53,324,000 $ 499,000 $ - $ - $ - $ 62,129,000 Depreciation and amortization expense $ 213,000 $ 6,000 $ 27,000 $ 111,000 $ - $ - $ 13,000 $ 370,000 Income (loss) from operations $ (1,000,000 ) $ 117,000 $ 49,375,000 $ (197,000 ) $ - $ (118,000 ) $ (2,354,000 ) $ 45,823,000 Capital expenditures for the three months ended June 30, 2021 $ 474,000 $ - $ 12,000 $ 650,000 $ - $ - $ 105,000 $ 1,241,000 Six Months Ended June 30, 2021 GWW TurnOnGreen Ault BNI AGREE Ault Holding Total Revenue $ 12,826,000 $ 3,213,000 $ 126,000 $ - $ - $ - $ - $ 16,165,000 Revenue, cryptocurrency mining - - - 421,000 - - - 421,000 Revenue, commercial real estate leases - - - 304,000 - - - 304,000 Revenue, lending and trading activities - - 58,485,000 - - - 58,485,000 Revenue, hotel operations - - - - - - Total revenues $ 12,826,000 $ 3,213,000 $ 58,611,000 $ 725,000 $ - $ - $ - $ 75,375,000 Depreciation and amortization expense $ 428,000 $ 13,000 $ 28,000 $ 152,000 $ - $ - $ 16,000 $ 637,000 Income (loss) from operations $ (788,000 ) $ (83,000 ) $ 53,781,000 $ (500,000 ) $ - $ (188,000 ) $ (5,197,000 ) $ 47,025,000 Capital expenditures for the six months ended June 30, 2021 $ 566,000 $ - $ 285,000 $ 4,634,000 $ - $ - $ 105,000 $ 5,590,000

LIQUIDITY AND FINANCIAL CONDI_2

LIQUIDITY AND FINANCIAL CONDITION (Details Narrative)	Jun. 30, 2022 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 24,100,000
Working capital	$ 51,400,000

The Company_s disaggregated rev

The Company’s disaggregated revenues consisted of the following for the three months ended June 30, 2022: (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Digital currency mining	$ 16,423,000	$ 8,855,000	$ 31,328,000	$ 16,890,000
Revenue lending and trading activities	943,000	53,274,000	18,864,000	58,485,000
Total revenue	17,366,000	62,129,000	50,192,000	75,375,000
R F Microwave Filters [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	559,000	1,076,000	2,070,000	2,291,000
Detector Logarithmic Video Amplifiers [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	692,000	73,000	692,000	144,000
Power Supply Units [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	2,714,000	2,070,000	6,241,000	3,691,000
Power Supply Systems [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	609,000	2,475,000	657,000	4,708,000
Healthcare Diagnostic Systems [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	1,992,000	228,000	1,992,000	413,000
Electric Vehicle Chargers [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	46,000		79,000
Defense Systems [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	953,000	2,383,000	4,208,000	4,791,000
Digital Currency Mining Net [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	3,976,000		7,524,000	421,000
Hotel Operations [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	4,598,000		7,296,000
Other [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	284,000	259,000	569,000	431,000
Goods Transferred At A Point In Time [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	13,521,000	6,243,000	24,693,000	11,686,000
Services Transferred Over Time [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	2,902,000	2,612,000	6,635,000	5,204,000
Digital Currency Mining [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining		291,000
North America [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	10,791,000	3,979,000	19,845,000	7,378,000
Europe [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	2,568,000	2,295,000	4,766,000	4,314,000
Middle East [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	3,064,000	2,581,000	6,717,000	5,198,000
G W W [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	6,503,000	6,475,000	13,748,000	12,825,000
Revenue lending and trading activities
Total revenue	6,503,000	6,475,000	13,748,000	12,825,000
Revenue from contracts with customers				2,825,000
G W W [Member] | R F Microwave Filters [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	559,000	1,076,000	2,070,000	2,291,000
G W W [Member] | Detector Logarithmic Video Amplifiers [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	692,000	73,000	692,000	144,000
G W W [Member] | Power Supply Units [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	1,698,000	240,000	4,129,000	478,000
G W W [Member] | Power Supply Systems [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	609,000	2,475,000	657,000	4,708,000
G W W [Member] | Healthcare Diagnostic Systems [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	1,992,000	228,000	1,992,000	413,000
G W W [Member] | Defense Systems [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	953,000	2,383,000	4,208,000	4,791,000
G W W [Member] | Goods Transferred At A Point In Time [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	3,601,000	3,863,000	7,113,000	7,621,000
G W W [Member] | Services Transferred Over Time [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	2,902,000	2,612,000	6,635,000	5,204,000
G W W [Member] | North America [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	1,111,000	2,140,000	2,622,000	4,029,000
G W W [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	2,540,000	1,842,000	4,719,000	3,752,000
G W W [Member] | Middle East [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	2,852,000	2,493,000	6,407,000	5,044,000
Turn On Green [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	1,062,000	1,830,000	2,191,000	3,213,000
Revenue lending and trading activities
Total revenue	1,062,000	1,830,000	2,191,000	3,213,000
Turn On Green [Member] | Power Supply Units [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	1,016,000	1,830,000	2,112,000	3,213,000
Turn On Green [Member] | Electric Vehicle Chargers [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	46,000		79,000
Turn On Green [Member] | Goods Transferred At A Point In Time [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	1,062,000	1,830,000	2,191,000	3,213,000
Turn On Green [Member] | Services Transferred Over Time [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining
Turn On Green [Member] | North America [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	822,000	1,289,000	1,834,000	2,497,000
Turn On Green [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	28,000	453,000	47,000	562,000
Turn On Green [Member] | Middle East [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	212,000	88,000	310,000	154,000
D P Lending [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	12,000	550,000	19,000	852,000
Revenue lending and trading activities	943,000	53,274,000	18,864,000	58,485,000
Total revenue	955,000	53,824,000	18,883,000	59,337,000
D P Lending [Member] | Digital Currency Mining Net [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining				421,000
D P Lending [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	12,000	259,000	19,000	431,000
D P Lending [Member] | Goods Transferred At A Point In Time [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	12,000	550,000	19,000	852,000
D P Lending [Member] | Services Transferred Over Time [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining
D P Lending [Member] | Digital Currency Mining [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining		291,000
D P Lending [Member] | North America [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	12,000	550,000	19,000	852,000
D P Lending [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining
D P Lending [Member] | Middle East [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining
B N I [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	4,248,000		8,074,000
Revenue lending and trading activities
Total revenue	4,248,000		8,074,000
B N I [Member] | Digital Currency Mining Net [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	3,976,000		7,524,000
B N I [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	272,000		550,000
B N I [Member] | Goods Transferred At A Point In Time [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	4,248,000		8,074,000
B N I [Member] | Services Transferred Over Time [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining
B N I [Member] | North America [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	4,248,000		8,074,000
B N I [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining
B N I [Member] | Middle East [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining
A G R E E [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	4,598,000		7,296,000
Revenue lending and trading activities
Total revenue	4,598,000		7,296,000
A G R E E [Member] | Hotel Operations [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	4,598,000		7,296,000
A G R E E [Member] | Goods Transferred At A Point In Time [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	4,598,000		7,296,000
A G R E E [Member] | Services Transferred Over Time [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining
A G R E E [Member] | North America [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining	4,598,000		7,296,000
A G R E E [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining
A G R E E [Member] | Middle East [Member]
Disaggregation of Revenue [Line Items]
Digital currency mining

The following table sets forth

The following table sets forth the Company’s financial instruments that were measured at fair value on a recurring basis by level within the fair value hierarchy: (Details) - Fair Value, Recurring [Member] - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	$ 146,781,000	$ 182,392,000
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	143,207,000	170,335,000
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	3,574,000	12,057,000
A V L P And Alzamend [Member] | Convertible Promissory Note [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	2,770,000	2,842,000
A V L P And Alzamend [Member] | Convertible Promissory Note [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities
A V L P And Alzamend [Member] | Convertible Promissory Note [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities
A V L P And Alzamend [Member] | Convertible Promissory Note [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	2,770,000	2,842,000
Alzamend A Related Party [Member] | Common Stock 11 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	8,845,000	13,230,000
Alzamend A Related Party [Member] | Common Stock 11 [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	8,845,000	13,230,000
Alzamend A Related Party [Member] | Common Stock 11 [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities
Alzamend A Related Party [Member] | Common Stock 11 [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities
Marketable Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	17,467,000	40,380,000
Marketable Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	17,467,000	40,380,000
Marketable Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities
Marketable Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities
Cash And Marketable Securities Held In Trust [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	116,895,000	116,725,000
Cash And Marketable Securities Held In Trust [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	116,895,000	116,725,000
Cash And Marketable Securities Held In Trust [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities
Cash And Marketable Securities Held In Trust [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities
Debt Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	804,000	9,215,000
Debt Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities
Debt Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities
Debt Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities	$ 804,000	$ 9,215,000

The following table summarizes

The following table summarizes the changes in investments in other equity securities measured and carried at fair value on a recurring basis with the use of significant unobservable inputs (Level 3) for the six months ended June 30, 2022: (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Change in fair value of warrants	$ 6,000	$ (290,000)	$ 24,000	$ 388,000
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance at January 1, 2022			9,215,000
Investment in preferred stock			2,550,000
Change in fair value of warrants			13,867,000
Conversion to marketable securities			(24,828,000)
Balance at June 30, 2022	$ 804,000		$ 804,000

These investments were not meas

These investments were not measured due to an observable price change or impairment during the six months ended June 30, 2022. (Details) - Fair Value, Recurring [Member] - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in other equity securities that do not report net asset value	$ 37,691,000	$ 21,241,000
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in other equity securities that do not report net asset value
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in other equity securities that do not report net asset value
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in other equity securities that do not report net asset value	$ 37,691,000	$ 21,241,000

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details Narrative) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Alternative investment	$ 37.7	$ 21.3

Marketable equity securities wi

Marketable equity securities with readily determinable market prices consisted of the following as of June 30, 2022 and December 31, 2021: (Details) - Common Stock [Member] - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Net Investment Income [Line Items]
Payments to Acquire Investments	$ 26,063,000	$ 53,475,000
Unrealized Gain (Loss) on Securities	481,000	32,000
Debt and Equity Securities, Gain (Loss)	(9,077,000)	(13,127,000)
Mortgage-backed Securities Available-for-sale, Fair Value Disclosure	$ 17,467,000	$ 40,380,000

At June 30, 2022 and December 3

At June 30, 2022 and December 31, 2021, property and equipment consisted of: (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 194,867,000	$ 115,004,000
Accumulated depreciation and amortization	(10,403,000)	(5,096,000)
Property and equipment placed in service, net	184,464,000	109,908,000
Deposits on cryptocurrency machines	61,523,000	64,117,000
Property and equipment, net	245,987,000	174,025,000
Cryptocurrency Machines And Related Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	76,963,000	10,763,000
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	18,697,000	8,884,000
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	2,585,000	702,000
Land [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	25,696,000	25,696,000
Building [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 70,926,000	$ 68,959,000

PROPERTY AND EQUIPMENT, NET (De

PROPERTY AND EQUIPMENT, NET (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 6,300,000	$ 400,000

The following table presents th

The following table presents the final allocation of the consideration transferred to the assets acquired and liabilities assumed based on their fair values. (Details)	6 Months Ended
	Jun. 30, 2022 USD ($)
Business Combination and Asset Acquisition [Abstract]
Total purchase consideration	$ 20,706,000
Fair value of non-controlling interest	6,706,000
Total consideration	27,412,000
Cash	1,245,000
Prepaid expenses and other current assets	55,000
Property and equipment	5,057,000
Note receivable	800,000
Accounts payable and accrued expenses	(6,935,000)
Convertible notes payable, principal	(9,734,000)
Fair value of embedded derivative	(1,226,000)
Fair value of bifurcated conversion option	(4,425,000)
Fair value of bifurcated put option	(200,000)
Net liabilities assumed	(15,363,000)
Goodwill	$ 42,775,000

The following table presents _2

The following table presents the preliminary allocation of the consideration transferred to the assets acquired and liabilities assumed based on their fair values. (Details)	6 Months Ended
	Jun. 30, 2022 USD ($)
Business Combination and Asset Acquisition [Abstract]
Total purchase consideration	$ 10,517,000
Fair value of non-controlling interest	10,336,000
Total consideration	20,853,000
Cash	2,278,000
Accounts receivables	9,891,000
Prepaid expenses and other current assets	673,000
Inventories	12,840,000
Property and equipment, net	529,000
Right-of-use assets	1,073,000
Other assets	83,000
Trade names-estimated useful life of 19 years	2,470,000
Customer relationships-estimated useful life of 16 years	1,380,000
Proprietary technology-estimated useful life of 3 years	600,000
Accounts payable and accrued expenses	(10,052,000)
Notes payable	(2,972,000)
Lease liabilities	(1,124,000)
Net assets acquired	17,669,000
Goodwill	$ 3,184,000

The following unaudited pro for

The following unaudited pro forma consolidated results of operations for the three and six months ended June 30, 2022 have been prepared as if the SMC acquisition had occurred on January 1, 2022. (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Total revenues	$ 29,058,000	$ 64,717,000
Net loss attributable to BitNile Holdings, Inc.	$ (26,206,000)	$ (56,531,000)

BUSINESS COMBINATIONS (Details

BUSINESS COMBINATIONS (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Convertible promissory notes	$ 14,209,000	$ 468,000
Purchase price of common stock aquired	7,400,000
[custom:InterestAndOtherIncome1]	3,100,000
Interst and other income	10,500,000
Non controlling interest at fair value	10,300,000
A V L P Acquisition [Member]
Business Acquisition [Line Items]
Convertible promissory notes	20,000,000
Accrued interest receivable	$ 5,900,000
Ownership %	20%
Ownership maximum %	92%
Description of acquisition	The consideration transferred for the Company’s approximate 92% ownership interest in connection with this acquisition aggregated $20.7 million, which represented the fair value of the Company’s holdings in AVLP immediately prior to conversion.
S M C Acquisition [Member]
Business Acquisition [Line Items]
Description of acquisition	the Company owned more than 50% of the issued and outstanding common stock of SMC. The Company’s ownership of SMC stands at 51.6% as of June 30, 2022.

The following table summarize_2

The following table summarizes the changes in the Company’s goodwill for the six months ended June 30, 2022: (Details)	6 Months Ended
	Jun. 30, 2022 USD ($)
Following Table Summarizes Changes In Companys Goodwill For Six Months Ended June 30 2022
Beginning balance	$ 10,090,000
Beginning balance	42,775,000
Beginning balance	3,184,000
Beginning balance	(727,000)
Beginning balance	$ 55,322,000

INCREASE IN OWNERSHIP INTERES_2

INCREASE IN OWNERSHIP INTEREST OF SUBSIDIARIES (Details Narrative) - USD ($)		1 Months Ended	6 Months Ended
	May 12, 2022	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2021
Noncontrolling Interest [Abstract]
Purchase Agreement	$ 1,800,000
Minoruty Interest	30%
Market purchase (in shares)		55,000
Payments to Acquire Marketable Securities		$ 430,000	$ 1,981,000

Investments in Alzamend and Aul

Investments in Alzamend and Ault & Company at June 30, 2022 and December 31, 2021, were comprised of the following: (Details) - Avalanche International Corp And Alzamend [Member] - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Restructuring Cost and Reserve [Line Items]
Investment in promissory note of Ault & Company	$ 2,500,000	$ 2,500,000
Accrued interest receivable Ault & Company	270,000	170,000
Other		172,000
Total investment in promissory notes, related parties	2,770,000	2,842,000
Investment in common stock and options of Alzamend	$ 8,845,000	$ 13,230,000

The following table summarize_3

The following table summarizes the changes in the Company’s investments in Alzamend and Ault & Company during the six months ended June 30, 2022: (Details) - Avalanche International Corp And Alzamend [Member]	6 Months Ended
	Jun. 30, 2022 USD ($)
Warrants and Common Stock [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	$ 13,230,000
Investment in common stock and options of Alzamend	4,663,000
Unrealized loss in common stock of Alzamend	(9,048,000)
Ending Balance	8,845,000
Convertible Promissory Note [Member]
Restructuring Cost and Reserve [Line Items]
Beginning Balance	2,842,000
Amortization of related party investment	(173,000)
Accrued interest	101,000
Ending Balance	$ 2,770,000

The following table summarize_4

The following table summarizes the changes in the Company’s investments in Alzamend common stock during the six months ended June 30, 2022: (Details) - USD ($)		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021
Restructuring Cost and Reserve [Line Items]
Stock Issued During Period, Value, Other			$ 450,000
Common Stock [Member]
Restructuring Cost and Reserve [Line Items]
Stock Issued During Period, Value, Other
Alzamend [Member] | Common Stock [Member]
Restructuring Cost and Reserve [Line Items]
Begining balance (in shares)		6,947,000
Begining balance (in dollars per shares)		$ 1.90
Begining balance		$ 13,230,000
Securities purchase agreement (in shares)	[1]	2,667,000
Securities purchase agreement (in dollars per shares)	[1]	$ 1.50
Securities purchase agreement	[1]	$ 4,000,000
Open market purchases after initial public offering (in shares)		618,000
Open market purchases after initial public offering (in dollars per shares)		$ 1.07
Open market purchases after initial public offering		$ 663,000
Stock Issued During Period, Value, Other		$ (9,048,000)
Ending balance (in shrares)		10,232,000
Ending balance (in dollars per shares)		$ 0.86
Ending balance		$ 8,845,000
[1]Pursuant to the March 9, 2021 securities purchase agreement, in aggregate, Alzamend agreed to sell up to 6,666,667 shares of its common stock to DP Lending for $10.0 million, or $1.50 per share, and issue to DP Lending warrants to acquire 3,333,334 shares of Alzamend common stock with an exercise price of $3.00 per share. As of December 31, 2021, DP Lending funded $6.0 million, including the conversion of notes and advances of $0.8 million, and the remaining $4.0 million was funded upon Alzamend achieving certain milestones during the three months ended June 30, 2022.

The Company converted its AVLP

The Company converted its AVLP convertible promissory note on June 1, 2022 as part of the acquisition of AVLP (see Note 8). Equity investments in the then unconsolidated entity, AVLP, at December 31, 2021, were comprised of the following: (Details) - Avalanche International Corp And Alzamend [Member]	12 Months Ended
	Dec. 31, 2021 USD ($)
Restructuring Cost and Reserve [Line Items]
Investment in convertible promissory note %	12%
Investment in convertible promissory note, date	2022-2026
Investment in convertible promissory note	$ 17,799,000
Investment in promissory note %	8%
Investment in promissory note, date	June 30, 2022
Investment in promissory note	$ 3,600,000
Accrued interest receivable	2,092,000
Other	600,000
Total investment in promissory notes, gross	24,091,000
Less: provision for loan losses	(2,000,000)
Total investment in promissory note	$ 22,091,000

The following table summarize_5

The following table summarizes the changes in the Company’s equity investments in the then unconsolidated entity, AVLP, during the six months ended June 30, 2022: (Details) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Restructuring Cost and Reserve [Line Items]
Total investment, loss on remeasurement upon conversion	$ 2,700,000
Avalanche International Corp And Alzamend [Member]
Restructuring Cost and Reserve [Line Items]
Balance at begining	22,130,000
Total investment, investment in convertible promissory notes	2,200,000
Total investment, loss from equity investment	(924,000)
Total investment, accrued interest	143,000
Total investment, loss on remeasurement upon conversion	(2,700,000)
Total investment, conversion of AVLP convertible promissory notes	(17,040,000)
Total investment, elimination of intercompany debt after conversion	(3,809,000)
Balance at ending
Avalanche International Corp And Alzamend [Member] | Warrants and Common Stock [Member]
Restructuring Cost and Reserve [Line Items]
Balance at begining	39,000
Total investment, loss from equity investment	(39,000)
Balance at ending
Avalanche International Corp And Alzamend [Member] | Convertible Promissory Note [Member]
Restructuring Cost and Reserve [Line Items]
Balance at begining	22,091,000
Total investment, investment in convertible promissory notes	2,200,000
Total investment, loss from equity investment	(885,000)
Total investment, accrued interest	143,000
Total investment, loss on remeasurement upon conversion	(2,700,000)
Total investment, conversion of AVLP convertible promissory notes	(17,040,000)
Total investment, elimination of intercompany debt after conversion	(3,809,000)
Balance at ending

CONSOLIDATED VARIABLE INTERES_2

CONSOLIDATED VARIABLE INTEREST ENTITY - ALPHA FUND (Details Narrative) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Investment Owned, at Cost	$ 25	$ 17
Investment Owned, Percent of Net Assets	100%
Additioiinal increase		$ 8
Series D Preferred Stock [Member]
Treasury stock	22,225,000
Treasury Stock, Common, Shares	53,033
Preferred Stock, Dividend Rate, Percentage	13%

Schedule of other current liabi

Schedule of other current liabilities (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Accounts payable	$ 18,348,000	$ 6,902,000
Accrued payroll and payroll taxes	6,540,000	5,027,000
Financial instrument liabilities	934,000	4,249,000
Accrued legal	1,787,000	2,637,000
Interest payable	3,680,000	187,000
Other accrued expenses	12,236,000	3,753,000
Total	$ 43,525,000	$ 22,755,000

Schedule of Financial Instrumen

Schedule of Financial Instrument (Details) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Stock price	$ 2.50	$ 2.50
Exercise price	$ 2.50	$ 2.50
Contractually defined remaining term	5 years	5 years
Contractually defined volatility	135%	135%
Dividend yield	0%	0%
Risk-free interest rate	3%	1.30%

Schedule of fair value of the f

Schedule of fair value of the financial instruments (Details) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Payables and Accruals [Abstract]
Balance at beginning	$ 4,249,000	$ 4,192,000
Change in fair value	24,000	388,000
Extinguishment	(3,339,000)
Balance at end	$ 934,000	$ 4,580,000

Schedule of notes payable (Deta

Schedule of notes payable (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Short-Term Debt [Line Items]
Total notes payable	$ 63,931,000	$ 122,105,000
Debt Instrument, Unamortized Discount	(1,044,000)	(27,496,000)
Total notes payable, net	62,887,000	94,609,000
Less: current portion	(7,340,000)	(39,554,000)
Notes payable	$ 55,547,000	55,055,000
Short Term Notes [Member]
Short-Term Debt [Line Items]
Debt, Weighted Average Interest Rate	12%
Total notes payable	$ 92,000	118,000
Notes Payable To Wells Fargo [Member]
Short-Term Debt [Line Items]
Total notes payable		65,972,000
Madison Secured Construction Loans [Member]
Short-Term Debt [Line Items]
Debt, Weighted Average Interest Rate	7%
Total notes payable	$ 55,055,000	55,055,000
S M C Line Of Credit [Member]
Short-Term Debt [Line Items]
Debt, Weighted Average Interest Rate	15.50%
Total notes payable	$ 2,500,000
S M C Installment Notes [Member]
Short-Term Debt [Line Items]
Debt, Weighted Average Interest Rate	7.60%
Total notes payable	$ 195,000
S M C Notes Payable [Member]
Short-Term Debt [Line Items]
Debt, Weighted Average Interest Rate	6%
Total notes payable	$ 353,000
X B T O Trading Note Payable [Member]
Short-Term Debt [Line Items]
Debt, Weighted Average Interest Rate	12.50%
Total notes payable	$ 4,000,000
Short Term Bank Credit [Member]
Short-Term Debt [Line Items]
Debt, Weighted Average Interest Rate	3.90%
Total notes payable	$ 1,736,000	$ 960,000

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended	12 Months Ended
	Mar. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Amortization of debt discount	$ 26,300,000		$ 26,300,000
Securities Purchase Agreement [Member] | Promissory Note [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Interest rate		8%
Debt Instrument, Face Amount		$ 66,000,000
Percentage of original issue discount		10%
Securities Purchase Agreement [Member] | Promissory Note [Member] | Common Class B [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of shares issued (in shares)		1,942,508
Excercise price (in dollar per shares)		$ 2.50
Securities Purchase Agreement [Member] | Promissory Note [Member] | Warrant [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of shares issued (in shares)		14,095,350
Excercise price (in dollar per shares)		$ 2.50

Convertible notes payable at Ju

Convertible notes payable at June 30, 2022 and December 31, 2021, were comprised of the following: (Details) - USD ($)	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Debt Instrument, Unamortized Discount, Current	$ (329,000)	$ (192,000)
Total convertible notes payable, net of financing cost	16,093,000	468,000
Less: current portion	(1,884,000)
Total convertible notes payable, net of financing cost, long term	$ 14,209,000	468,000
Convertible Debt Three [Member]
Debt Instrument [Line Items]
Conversion price (in dollars per share)	$ 4
Debt, Weighted Average Interest Rate	4%
Due date	May 10, 2024
Convertible note	$ 660,000	$ 660,000
A V L P Convertible Debt [Member]
Debt Instrument [Line Items]
Conversion price (in dollars per share)	$ 0.35
Debt, Weighted Average Interest Rate	15%
Due date	Aug. 22, 2025
Convertible note	$ 9,911,000
Fair Value Of Embedded Derivative [Member]
Debt Instrument [Line Items]
Convertible note	1,226,000
Fair Value Of Bifurcated Conversion Option [Member]
Debt Instrument [Line Items]
Convertible note	4,425,000
Fair Value Of Bifurcated Put Option [Member]
Debt Instrument [Line Items]
Convertible note	$ 200,000

CONVERTIBLE NOTES (Details Narr

CONVERTIBLE NOTES (Details Narrative)	6 Months Ended
	Jun. 30, 2022
A V L P And Alzamend [Member] | Convertible Promissory Note [Member]
Restructuring Cost and Reserve [Line Items]
Description of conversion price	on August 22, 2025, with interest at 7% per annum. At the election of the holders, outstanding principal and accrued but unpaid interest under the notes are convertible into shares of AVLP’s common stock at a conversion price equal to either (i) if the aggregate market capital of AVLP on the date of conversion (the “Market Cap”) is $35 million or less, at a 25% discount to the market price, or (ii) if the Market Cap is greater than $35 million, at a 25% discount to the market price, provided that such discount shall be increased by dividing it by the quotient that shall be obtained by dividing $35 million by the Market Cap at the time of conversion, provided, however, any increase in the discount to the market price shall not result in a discount that is greater than a 75% discount (the “Conversion Price”). Notwithstanding the foregoing, in no event shall the Conversion Price be less than $0.35.

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative)	6 Months Ended
	Jun. 30, 2022 USD ($)
Ding Gu [Member]
Loss Contingencies [Line Items]
Damages amount	$ 1,100,000
Blockchain Mining Supply and Services Ltd [Member]
Loss Contingencies [Line Items]
Damages amount	$ 1,388,495

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)		5 Months Ended	6 Months Ended
	Feb. 25, 2022	Jun. 14, 2022	Jun. 30, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Preferred Stock, Shares Authorized			2,000,000
Series D Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Authorized			2,000,000	2,000,000
At The Market Issuance Sales Agreement [Member]
Class of Stock [Line Items]
Proceeds from issuance of common stock		$ 46,400,000	$ 57,000
Proceeds from Issuance Initial Public Offering			$ 239,700,000
At The Market Issuance Sales Agreement [Member] | Series D Preferred Stock [Member]
Class of Stock [Line Items]
Shares sold			2,618
At The Market Issuance Sales Agreement [Member] | Wilson Davis And Co Inc [Member]
Class of Stock [Line Items]
Proceeds from issuance of common stock	$ 200,000,000		$ 163,400,000

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Effective income tax rate	0.40%	(7.40%)
Income tax provision	$ 200,000	$ 3,500,000
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%

Net Loss Per Share (Details)

Net Loss Per Share (Details)	6 Months Ended
	Jun. 30, 2022 shares
Earnings Per Share [Abstract]
Stock options	6,396,000
Restricted stock grants	2,085,000
Warrants	18,493,000
Convertible notes	165,000
Convertible preferred stock	2,000
Total	27,141,000

Basic and diluted net income pe

Basic and diluted net income per common share for the three and six months ended June 30, 2021 are calculated as follows: (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income		$ 41,216,000		$ 44,215,000
Preferred Stock Dividends, Income Statement Impact	$ (44,000)	(4,000)	$ (49,000)	(9,000)
Net income attributable to BitNile Holdings	$ (25,808,000)	$ 42,212,000	$ (54,585,000)	$ 44,206,000
Weighted Average Number of Shares Issued, Basic		50,783,000		45,052,000
Basic net (loss) income per common share	$ (0.09)	$ 0.83	$ (0.29)	$ 0.98
Income Available to Common Stockholders Plus Assumed Conversions		$ 42,509,000		$ 43,831,000
Income Available to Common Stockholders Plus Assumed Conversions in Shares		52,780,000		47,574,000
Income Available to Common Stockholders Plus Assumed Conversions Dollars Per Share		$ 0.81		$ 0.92
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive Securities, Effect on Basic Earnings Per Share, Options and Restrictive Stock Units
Incremental Common Shares Attributable to Dilutive Effect of Call Options and Warrants		292,000		422,000
Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive Securities, Effect on Basic Earnings Per Share, ESOP Convertible Preferred Stock		$ 290,000		$ (388,000)
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Debt Securities		1,540,000		1,935,000
Convertible Notes Related Party [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive Securities, Effect on Basic Earnings Per Share, Dilutive Convertible Securities		$ 7,000		$ 13,000
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Preferred Stock		165,000		165,000

The following data presents the

The following data presents the revenues, expenditures and other operating data of the Company’s operating segments for the three and six months ended June 30, 2022: (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Depreciation and amortization expense			$ 7,129,000	$ 1,093,000
Income (loss) from operations	$ (23,719,000)	$ 45,823,000	(22,689,000)	47,025,000
Capital expenditures for the six months ended June 30, 2021			72,779,000	5,590,000
Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenue	7,577,000	8,356,000	15,959,000	16,165,000
Revenue, cryptocurrency mining	3,976,000	291,000	7,524,000	421,000
Revenue, commercial real estate leases	272,000	208,000	549,000	304,000
Revenue, lending and trading activities	943,000	53,274,000	18,864,000	58,485,000
Revenue, hotel operations	4,598,000		7,296,000
Total revenues	17,366,000	62,129,000	50,192,000	75,375,000
Depreciation and amortization expense	4,487,000	370,000	6,445,000	637,000
Income (loss) from operations	(23,719,000)	45,823,000	(22,689,000)	47,025,000
Capital expenditures for the six months ended June 30, 2021	37,420,000	1,241,000	72,779,000	5,590,000
Operating Segments [Member] | G W W [Member]
Segment Reporting Information [Line Items]
Revenue	6,503,000	6,475,000	13,749,000	12,826,000
Revenue, cryptocurrency mining
Revenue, commercial real estate leases
Revenue, lending and trading activities
Revenue, hotel operations
Total revenues	6,503,000	6,475,000	13,749,000	12,826,000
Depreciation and amortization expense	298,000	213,000	519,000	428,000
Income (loss) from operations	(1,076,000)	(1,000,000)	(1,220,000)	(788,000)
Capital expenditures for the six months ended June 30, 2021	156,000	474,000	285,000	566,000
Operating Segments [Member] | Turn On Green [Member]
Segment Reporting Information [Line Items]
Revenue	1,062,000	1,831,000	2,191,000	3,213,000
Revenue, cryptocurrency mining
Revenue, commercial real estate leases
Revenue, lending and trading activities
Revenue, hotel operations
Total revenues	1,062,000	1,831,000	2,191,000	3,213,000
Depreciation and amortization expense	4,000	6,000	10,000	13,000
Income (loss) from operations	(445,000)	117,000	(1,620,000)	(83,000)
Capital expenditures for the six months ended June 30, 2021	50,000		125,000
Operating Segments [Member] | Ault [Member]
Segment Reporting Information [Line Items]
Revenue	12,000	50,000	19,000	126,000
Revenue, cryptocurrency mining
Revenue, commercial real estate leases
Revenue, lending and trading activities	943,000	53,274,000	18,864,000	58,485,000
Revenue, hotel operations
Total revenues	955,000	53,324,000	18,883,000	58,611,000
Depreciation and amortization expense	34,000	27,000	68,000	28,000
Income (loss) from operations	(11,486,000)	49,375,000	426,000	53,781,000
Capital expenditures for the six months ended June 30, 2021	761,000	12,000	849,000	285,000
Operating Segments [Member] | B N I [Member]
Segment Reporting Information [Line Items]
Revenue
Revenue, cryptocurrency mining	3,976,000	291,000	7,524,000	421,000
Revenue, commercial real estate leases	272,000	208,000	549,000	304,000
Revenue, lending and trading activities
Revenue, hotel operations
Total revenues	4,248,000	499,000	8,073,000	725,000
Depreciation and amortization expense	2,613,000	111,000	4,140,000	152,000
Income (loss) from operations	(3,454,000)	(197,000)	(3,817,000)	(500,000)
Capital expenditures for the six months ended June 30, 2021	36,397,000	650,000	71,384,000	4,634,000
Operating Segments [Member] | A G R E E [Member]
Segment Reporting Information [Line Items]
Revenue
Revenue, cryptocurrency mining
Revenue, commercial real estate leases
Revenue, lending and trading activities
Revenue, hotel operations	4,598,000		7,296,000
Total revenues	4,598,000		7,296,000
Depreciation and amortization expense	827,000		1,655,000
Income (loss) from operations	(166,000)		(1,548,000)
Capital expenditures for the six months ended June 30, 2021	(15,000)		19,000
Operating Segments [Member] | Ault Disoerative [Member]
Segment Reporting Information [Line Items]
Revenue
Revenue, cryptocurrency mining
Revenue, commercial real estate leases
Revenue, lending and trading activities
Revenue, hotel operations
Total revenues
Depreciation and amortization expense
Income (loss) from operations	(489,000)	(118,000)	(786,000)	(188,000)
Capital expenditures for the six months ended June 30, 2021
Operating Segments [Member] | Holding Company 1 [Member]
Segment Reporting Information [Line Items]
Revenue
Revenue, cryptocurrency mining
Revenue, commercial real estate leases
Revenue, lending and trading activities
Revenue, hotel operations
Total revenues
Depreciation and amortization expense	711,000	13,000	53,000	16,000
Income (loss) from operations	(6,603,000)	(2,354,000)	(14,124,000)	(5,197,000)
Capital expenditures for the six months ended June 30, 2021	$ 71,000	$ 105,000	$ 117,000	$ 105,000

SEGMENT AND CUSTOMERS INFORMA_3

SEGMENT AND CUSTOMERS INFORMATION (Details Narrative) $ in Millions	Jun. 30, 2022 USD ($)
A V L P Acquisition [Member]
Restructuring Cost and Reserve [Line Items]
Identifiable assets	$ 49.9
S M C Acquisition [Member]
Restructuring Cost and Reserve [Line Items]
Identifiable assets	$ 35

CONCENTRATIONS OF CREDIT AND _2

CONCENTRATIONS OF CREDIT AND REVENUE RISK (Details Narrative) - Accounts Receivable [Member]	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
Three Customers [Member]
Concentration Risk [Line Items]
Concentration risk (percent)	13%	38%
Two Customers [Member]
Concentration Risk [Line Items]
Concentration risk (percent)		10%

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - Subsequent Event [Member] - USD ($)	1 Months Ended	2 Months Ended
	Aug. 31, 2022	Aug. 18, 2022	Aug. 17, 2022	Jul. 11, 2022
Sales Agreement [Member] | Common A T M Ofering [Member]
Subsequent Event [Line Items]
Investment in Alzamend common stock (in shares)		6,500,000
Gross proceeds from Issuance or sale of equity		$ 2,100,000
Sales Agreement [Member] | Preferred A T M Ofering [Member]
Subsequent Event [Line Items]
Investment in Alzamend common stock (in shares)		6,866
Gross proceeds from Issuance or sale of equity		$ 126,000
Securities Purchase Agreement [Member]
Subsequent Event [Line Items]
Description of investment			During the period between July 1, 2022 through August 18, 2022, DP Lending purchased an additional $6.5 million of limited partnership interests in Alpha Fund. As of August 18, 2022, DP Lending had subscribed for $31.5 million of limited partnership interests.
Securities Purchase Agreement [Member] | Alliance Cloud Services L L C [Member]
Subsequent Event [Line Items]
Interest rate				25%
Securities Purchase Agreement [Member] | Atul Energy [Member]
Subsequent Event [Line Items]
Description of purchase	In August 2022, Ault Energy committed to purchasing 40% of the first drilling project offered, at a cost to Ault Energy of approximately $1 million.