Ault Global Holdings (DPW) Announces Update from Its Subsidiary, BitNile

Ault Global Holdings, Inc. (NYSE American: DPW), a diversified holding company (the “Company”), announced that its subsidiary, BitNile, Inc. (“BitNile”), is currently mining approximately $10 million worth of Bitcoin on an annualized run rate basis based on current market conditions. The Company further stated that it anticipates that by the end of October the production of Bitcoin will grow to about $15 million on an annualized basis. The Company previously announced its entry into a purchase agreement with Bitmain and the expected installation of 3,000 additional S19j Pro Antminers over the next 10 months, thereby increasing the gross revenue to approximately $48 million annually based on an assumed market value of Bitcoin of $45,000. The Company notes that the current market value of Bitcoin is approximately $66,000 and believes that gross proceeds may reach approximately $64 million annually. The Company notes that all estimates are subject to volatility in price, the fluctuation in the difficulty of production and price of Bitcoin, and other factors that may impact the results of production or operations.

Milton “Todd” Ault, III, the Company’s Executive Chairman, stated, “The Company owning its own data center has made a substantial difference compared to our previous cryptocurrency mining operations. We now control much of our own destiny, especially with a long-term power agreement.” Ault added, “We acknowledge that the market value of Bitcoin will remain volatile, and it’s important for our shareholders and for investors to know that Bitcoin’s volatility may lead to wide fluctuations in the value of our total cryptocurrency mining production. The Company, through BitNile, has control of the data center and the ability to expand the facility and add cryptocurrency miners and other equipment to enhance its production and performance.”

For more information on Ault Global Holdings and its subsidiaries, the Company recommends that stockholders, investors and any other interested parties read the Company’s public filings with the SEC and press releases available under the Investor Relations section at www.AultGlobal.com or available at www.sec.gov.

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