Ault Global Holdings, Inc. (NYSE American: DPW), a diversified holding company (the “Company”), announced today that its subsidiary, BitNile, Inc. (“BitNile”), has entered into contracts with Bitmain Technologies Limited (“BITMAIN”), to purchase an additional 16,000 Bitcoin miners. These purchase agreements represent the achievement of BitNile’s stated goal of obtaining no less than 20,000 Bitcoin miners. The purchase includes both the environmentally friendly S19 XP Antminers that feature a processing power of 140 terahashes per second (TH/s) with an energy consumption of 3.01 kilowatt-hours (kWh) and the S19j Pro Antminers that feature a processing power of 100 TH/s with an energy consumption of 2.95 kWh.

Based on current delivery schedules, BitNile expects that the 16,000 newly purchased miners will ship from BITMAIN between March 2022 and September 2022. As a result, BitNile’s mining operations are expected to consist of 20,000 Bitcoin miners, producing approximately 2.16 exahashes per second (EH/s), once all miners are fully deployed and operational. The Company estimates a range of gross annualized revenues from Bitcoin mining of between $295 million and $320 million with margins, net of power costs, of approximately 90%, based on a market value of Bitcoin of between $60,000 and $65,000 and current market conditions, including a mining difficulty level of 21 trillion. The completion of the purchase of the 16,000 Bitcoin miners is subject to the Company raising the additional capital required, and there can be no assurances that the capital will be raised on the timeline required under the purchase agreements.

Milton “Todd” Ault, III, the Company’s Executive Chairman, stated, “Ault Global is pleased to announce the expansion of our strong partnership with BITMAIN, the global leader in cryptocurrency mining and technology. These new purchase orders continue to demonstrate our commitment to our strategic initiatives of becoming one of the top 10 publicly traded Bitcoin mining companies and building one of the most efficient Bitcoin mining operations in the industry. We reconfirm our belief that Bitcoin mining is a fundamental pillar of the digital currency ecosystem, and we intend to be a key contributor to help build a borderless, decentralized and environmentally conscious economic future.”

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.