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Why BitNile Stock Is Trading Higher Today

BitNile Holdings Inc (AMEX:NILE) shares are trading higher after Monday the company announced 2021 financial results showing higher revenues year-over-year. BitNile said full-year 2021 revenue increased 120% year-over-year to $52 million. The company reported a net loss of $24.2 million, which was improved from a net loss of $32.7 million in the prior year. 

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