Tag: BitNile

Bitnile to Sponsor VeeKay in 106th 500

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From Ed Carpenter Racing this morning:

Rinus VeeKay Will Compete in the No. 21 Bitcoin Racing Team Powered By BitNile Chevrolet in the 106th Running of the Greatest Spectacle in Racing

(INDIANAPOLIS) May 10, 2022 – Ed Carpenter Racing announced today that Rinus VeeKay will compete in the No. 21 Bitcoin Racing Team Powered By BitNile Chevrolet in the 106th Running of the Indianapolis 500. Ed Carpenter Racing (ECR) became known as the Bitcoin Racing Team when VeeKay raced an iconic black and orange Bitcoin car in last year’s 500-mile classic. Through the generosity of BitNile Holdings, Inc. (BitNile), the Bitcoin Racing Team will continue to grow in 2022.

BitNile is a diversified holding company pursuing disruptive technologies, including cryptocurrencies and innovations in the field of decentralized finance (DeFi). BitNile owns and operates their own high-density data center at which it mines Bitcoin. With a desire to see expanded access to DeFi, BitNile invests in technology platforms that provide community-based, peer-to-peer transactions, such as Earnity Inc. (Earnity).

Earnity, the world’s first community-based crypto platform and marketplace, combines a social media community with a cryptocurrency and DeFi marketplace to give users a place to earn, learn and collect crypto assets. The platform connects creators, educators and other enthusiasts to share knowledge and grow audiences. Every individual who scans the unique QR code on the side of VeeKay’s No. 21 and completes the registration process will receive free Bitcoin from Earnity. BitNile is a significant investor in Earnity.

The Bitcoin Racing Team was a natural home for BitNile. “With the goal of becoming a top 10 North American miner of Bitcoin, it made sense for BitNile to give Rinus VeeKay and ECR this opportunity. The fans loved the Bitcoin car last year and now it’s going to be even better with a QR code that will let them earn FREE Bitcoin,” Milton “Todd” Ault, III, the Executive Chairman of BitNile said. He continued, “I believe all three ECR entries have a real opportunity to win this year’s Indy 500. We are offering a special Bitcoin incentive to any ECR winning driver and the entire team if successful!”

BitNile provided VeeKay the unique opportunity to design his own car for the Indianapolis 500. VeeKay wanted to pay homage to his native country of the Netherlands and his Dutch family, friends and supporters. He immediately chose to have the No. 21 be painted orange, the national color of the Netherlands and a source of great pride for his countrymen. The front wing carries the horizontal tricolor of red, white and blue stripes, representing the national flag of the Netherlands. Also important to VeeKay was including a lion, a symbol steeped in historical significance for the country. A Dutch lion appears on top of both of VeeKay’s mirrors.

VeeKay was thrilled when he received BitNile’s offer. “I have always dreamed of racing an orange car in the Indianapolis 500, but I never imagined I’d get to design it myself!” stated VeeKay. “I am very grateful to Todd Ault and BitNile for allowing me this opportunity, it is so cool. We incorporated many things for the Dutch fans and I hope they love it as much as I do!”

Just two weeks ago, VeeKay earned his first pole position and his first podium finish of the season at Barber Motorsports Park. The 21-year-old will carry that momentum to a track that is home to several of his career milestones. Before attention shifts to the Indianapolis Motor Speedway oval, the NTT INDYCAR SERIES will compete on the road course. VeeKay’s first career pole position and first career podium came at the IMS road course in 2020 and he enters this weekend as the defending race winner, having captured the victory in 2021. The second half of the Month of May is dedicated to the Indianapolis 500, where VeeKay has also built an impressive resume. In 2020, he recorded the best qualifying result by a teenager in Indianapolis 500 history by starting 4th; in 2021, he qualified 3rd and became the youngest front row starter in “500” history. He led 32 laps in last year’s race, third-highest of all drivers in the field, before finishing 8th.

VeeKay will take his first laps in the No. 21 Bitcoin Racing Team Powered by BitNile Chevrolet when the Indianapolis Motor Speedway opens for Indy 500 practice on Tuesday, May 17. Practice will continue through Friday May 20, before the Field of 33 qualifies on Saturday, May 21 and Sunday, May 22. The 106th Running of the Indianapolis 500 will take place on Sunday, May 29, 2022 with coverage beginning at 11 a.m. ET on NBC.

Daly Excited for Ovals, Sees Improved Road Program at ECR

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Photo from Penske Entertainment

Conor Daly returns to Ed Carpenter Racing in an expanded role as a full time driver. Daly will drive the number 20 Bitnile Chevrolet in the 2022 season. He is happy to put his entire focus on one team for the upcoming season. The past two seasons Daly has run the ovals except for the Indianapolis 500 with Carlin Racing.

I asked Him what he is looking forward to in 2022.

“You know what I think the ovals in the car honestly, I love Texas. I love Iowa. The fact that Gateway’s back, the fact that I think maybe I can bring maybe a different perspective to that team as well. Obviously, I’ve been with a different team (for ovals) for the last couple years. So maybe there’s some more information that I can help everyone like Rinus and, you know, Ed as well if he runs; so there’s a lot there that I want to get to. And I think we’ve improved our car on the road courses, but the ovals are a new adventure.”

Expanding on his belief that the team’s road course program has improved, Daly explained,

” I do think so. I think at our Sebring tests, we ran through a lot that we’ve been wanting to try and obviously we don’t get a lot of test days. So we did 160 laps. We got about as many laps in as we could do with the tires that we had. yeah, I feel good. I think we still have work to do, but I think every race we will continue to get better. So we’ll see.”

Daly thinks the continuity of drivers and crew members will also help ECR have a better season.

” I think we we know where our setups differ and we know what we like in the car. So I think that a lot of the stuff we are unifyingly going towards that’s making us better as a group, I think, but there are still small differences that will you know, will be required. I like working with these guys. And you know, my engineer, Pete, kind of knows what I want. So it’s nice to be able to have that and it feels like we’re in a better spot already than we were last year.”

What does need to do to move into the front part of the grid, given the talent and resources of the larger teams?

“We just got to be perfect. Gotta be perfect. And honestly, the funniest thing is like even though it is tough. There’s so many good drivers. Totally crazy stuff happens. There’s always going to be some wild podium that you never expected and you know, you want to be able to take advantage of every possible opportunity.”

Postscript: The ECR team had mixed results this weekend, but there were signs of improvement. Daly qualified 20th and finished 21st Sunday. His teammate, Rinus VeeKay, started fourth, led 13 laps, and finished sixth.

Daly Full Time at ECR

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Images from ECR

One thing about Indycar- despite a whirlwind of changes, some things stay the same. Ed Carpenter Racing announced this morning that Conor Daly will be back in the 20 car with a new sponsor in 2022. The announcement reads “full time.” Is Ed Carpenter going to just run the Indianapolis 500, a move I have thought was long overdue? According to the release below, Carpenter may race in the non Indy ovals as well.

No driver has worked harder this off season to procure sponsorship than Daly, who lost the US Air Force sponsor deal after last season.

The announcement from ECR:

Conor Daly Elevated to Full-Time Driver of the No. 20 BitNile Chevrolet for the 2022 NTT INDYCAR SERIES Season

(INDIANAPOLIS) January 14, 2022 – Ed Carpenter Racing announced today a new partnership with BitNile Holdings, Inc. to serve as primary partner for the No. 20 Chevrolet in a multi-year deal. ECR welcomes back Conor Daly, who will become full-time driver of the No. 20 BitNile Chevrolet for the 2022 NTT INDYCAR SERIES season. BitNile will also serve as an associate sponsor on ECR’s second entry, the No. 21 Chevrolet.

BitNile Holdings, Inc. is a diversified holding company specializing in disruptive technologies, including cryptocurrencies and innovations in the field of Decentralized Finance (“DeFi”). BitNile focuses on large-scale crypto mining with energy-efficient, powerful operations strategically located in North America. In addition, they currently operate their own high-density data center. With a mission to simplify the DeFi process for all involved, BitNile invests in technology platforms that provide crypto holders a vehicle to earn interest on their crypto assets.

BitNile Founder and Executive Chairman, Milton “Todd” Ault, III, has spent his entire career investing in undervalued assets and disruptive technologies. He believes joining in the NTT INDYCAR SERIES with Ed Carpenter Racing will yield similar rewards. “I’ve been a fan of Indy car racing for a long time, and we are proud to have the opportunity to team up with Ed Carpenter Racing. It’s a natural fit for BitNile to join an Indiana business like Ed’s as we have a number of investments in the Midwest, including our mining facilities,” stated Mr. Ault. “BitNile operates with a ‘Risk On’ philosophy where risk is an integral element if you want to win. Conor Daly and ECR share that mindset, making us in perfect alignment.”

The upcoming season will mark Daly’s return to Ed Carpenter Racing for a third year, though it will be his first as full-time driver of the No. 20 BitNile Chevrolet. For the past two years, Daly has split his talents between two teams. For the road and street course events and the Indianapolis 500, Daly raced for ECR; for the remaining oval events, he drove for Carlin. Over the past eight years, the Noblesville, Ind., native has competed in 80 Indy car races. The 2021 Indianapolis 500 proved a career highlight for the hometown favorite as he paced the field for nearly a quarter of the race, leading the most laps of all drivers.

Daly, who turned 30 in December, is thrilled to be a part of BitNile’s very first sponsorship program and introduce the company to motorsports. “Being chosen to represent BitNile is without a doubt one of the most important opportunities of my career. This is an incredible partnership that we look forward to being able to strengthen and grow as we go after race wins together!” Daly continued, “To be able to come back to Ed Carpenter Racing for the full season is incredible. I haven’t had the chance to be with one team for the entire year since 2017, so this is something I am very, very thankful for. I have a lot of faith in ECR and each year we continue to get better together. I couldn’t be more excited to get on track in the BitNile Chevrolet!”

Team owner Ed Carpenter became well-known in the Bitcoin space in 2021 as he welcomed the first decentralized sponsorship in the history of racing. The Bitcoin community supported all necessary on-track activities for ECR’s Bitcoin Chevrolet during the Month of May. Carpenter later spoke at the Bitcoin 2021 conference and continues to be recognized as a paddock leader in the crypto industry. “I am extremely proud to welcome BitNile to the ECR family! It is exciting to be able to expand our team’s involvement in the culture of Bitcoin after running the Bitcoin car last May,” said Carpenter. “We will also represent a few other exciting brands within BitNile Holdings as the year progresses, so there is more to come!”

ECR will continue to compete in the NTT INDYCAR SERIES with two full-time entries in 2022. Daly’s season-long teammate is fellow third-year ECR driver Rinus VeeKay, who remains in the No. 21 Chevrolet. Carpenter, a three-time Indianapolis 500 pole winner, will join Daly and VeeKay to round out ECR’s three-car program for the 2022 500-mile race. Confirmation of Carpenter’s participation in the three additional oval events may come at a later date.

Always eager to hone his driving talents, Daly returns to dirt track racing this weekend as he competes in the Chili Bowl Nationals today and tomorrow. Next Wednesday, January 19, Daly and Carpenter will be guests on Mr. Ault’s podcast, Risk On. Viewers can watch a live stream from the ECR shop on YouTube at 4 p.m. ET. The 2022 NTT INDYCAR SERIES season will begin on Sunday, February 27 in the streets of St. Petersburg, Fla.

About BitNile Holdings, Inc.
BitNile Holdings, Inc. 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, BitNile 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, telecommunications, medical/biopharma, and textiles. In addition, BitNile extends credit to select entrepreneurial businesses through a licensed lending subsidiary. BitNile Holdings’ headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; http://www.bitnile.com/.