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Ault Global Holdings' (DPW) BitNile to Provide Bitcoin Production and Mining Operation Updates on November 15, 2021

October 27, 2021 6:30 AM EDT

Ault Global Holdings, Inc. (NYSE American: DPW), a diversified holding company (the “Company”), is pleased to announce that its subsidiary, BitNile, Inc. (“BitNile”), will begin bimonthly reporting, starting November 15, 2021, of the number of bitcoin (“BTC”) miners installed and the amount of BTC mined at its Michigan data center. The bimonthly reports will be available at www.BitNile.com. The Company recently reported that it is currently mining approximately $10 million worth of BTC on an annualized run rate basis based on current market conditions. The Company further stated that it anticipates that the production of BTC will grow to about $15 million on an annualized basis by the end of October.

Milton “Todd” Ault, III, the Company’s Executive Chairman, stated, “In order to be transparent in a blockchain world predicated on a basis of enabling transparency, the Company will start reporting how many miners are installed as well as how much BTC has been mined. We believe this information is important to our partners and shareholders and are excited about the expected contributions from BitNile to our topline revenues and bottom-line results.”

The Company previously announced a purchase agreement with Bitmain for the expected installation of 3,000 S19j Pro Antminers by the end of August 2022, which are in addition to the 1,000 S19j Pro Antminers received in September 2021, thereby increasing the gross mining revenue to approximately $48 million annually based on an assumed market value of BTC at $45,000. With the current market value of BTC having increased to approximately $66,000, the Company believes that gross proceeds could reach approximately $64 million annually based on current market conditions. The Company notes that all estimates are subject to volatility in price, the fluctuation in the difficulty of production and price of BTC, and other factors that may impact the results of production or operations.

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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