ITEM 7.01 REGULATION FD DISCLOSURE

On October 6, 2022, BitNile Holdings, Inc., a Delaware corporation (the "Company") issued a press release announcing that its wholly owned subsidiary, Ault Energy, LLC ("Ault Energy"), and White River Operating LLC, a wholly owned subsidiary of White River Energy Corp. ("White River"), have successfully completed drilling a 9,531 foot well, the Harry O'Neal 20-9 No. 1 (the "O'Neal No. 1 Well"), on White River's oil and gas mineral lease in Holmes County, Mississippi.

The Company obtained participation rights with respect to the O'Neal No. 1 Well and future oil wells when it invested $12 million in Ecoark Holdings, Inc. ("Ecoark") on June 8, 2022. Ecoark beneficially owns approximately eighty-three percent (83%) of White River's capital stock. The Company, through Ault Energy, exercised its participation right and acquired a forty percent (40%) working interest in the O'Neal No. 1 Well, which is the first project in an expected long-term partnership between White River and the Company, which was previously announced in July 2022 with the intention to drill approximately 100 oil wells over five years.

A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated by reference herein.

In accordance with General Instruction B.2 of Form 8-K, the information under this item shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing. This report will not be deemed an admission as to the materiality of any information required to be disclosed solely to satisfy the requirements of Regulation FD.

The Securities and Exchange Commission encourages registrants to disclose forward-looking information so that investors can better understand the future prospects of a registrant and make informed investment decisions. This Current Report on Form 8-K and exhibits may contain these types of statements, which are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and which involve risks, uncertainties and reflect the Registrant's judgment as of the date of this Current Report on Form 8-K. Forward-looking statements may relate to, among other things, operating results and are indicated by words or phrases such as "expects," "should," "will," and similar words or phrases. These statements are subject to inherent uncertainties and risks that could cause actual results to differ materially from those anticipated at the date of this Current Report on Form 8-K. Investors are cautioned not to rely unduly on forward-looking statements when evaluating the information presented within.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS






 (d) Exhibits:




Exhibit No.     Description

99.1              Press Release issued on October 6, 2022.
101             Pursuant to Rule 406 of Regulation S-T, the cover page is
                formatted in Inline XBRL (Inline eXtensible Business Reporting
                Language).
104             Cover Page Interactive Data File (embedded within the Inline XBRL
                document and included in Exhibit 101).




 -2-

© Edgar Online, source Glimpses