Ault Global Holdings Spin-off Notes
June 12, 2022 Update
Encompass will sell its home health business on July 1, 2022
Good overview of the deal
- United Healthcare’s Optum will pay $6.4B for LHC Group
- This is part of a movement by United Healthcare to be apart of the growing home health market
- Mckinsey predicts it to be a $265B market by 2025
- As of a 2019 study LHC has a ~4% market share
March 10, 2022 Update
December 3, 2021 Update
Recently on November 22, 2021, Ault Global Holdings (DPW) announced its plans to change its name and split into two new publicly traded companies. The two new companies will be BitNile Holdings, Inc. (NILE), and Ault Alliance, Inc.
The name change is set to take place by the end of 2021, with the spinoff of Ault Alliance to take place sometime in 2022. As of now the BitNile business will continue to focus on Bitcoin mining, data center operations and decentralized finance initiatives. Ault Alliance continue with its legacy operations of lending and investing, defense, and power solutions, including electric vehicle (“EV”) charging products.
This move allows BitNile to become a pure play bitcoin mining company, with a goal of being a large player in the space by the end of 2022.
When I see a company that is in two “hot” markets (ie bitcoin mining and EV charging), it’s a red flag as it suggests that management is just trying to chase investor attention. Nonetheless, I’m going to do some more work to see if there is an opportunity.