BitNile, Subsidiary of Ault Global Holdings, Releases Bimonthly Bitcoin Production and Mining Report

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LAS VEGAS, December 1, 2021 – (BUSINESS WIRE) – Ault Global Holdings, Inc. (NYSE American: DPW), a diversified holding company (the “Company”), today released an unaudited update on the production of Bitcoin and the installation of miners by its subsidiary BitNile, Inc. (“BitNile”). BitNile’s Bitcoin mining production is currently operating at an estimated annualized execution rate of 287.6 Bitcoin, or roughly $ 16.6 million based on a Bitcoin market value of $ 57,800 and current market conditions. market, including an operating difficulty level of $ 22.3 trillion.

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A summary of BitNile’s Bitcoin production and mining metrics as of November 30, 2021 is as follows:

Michigan Data Center

Indiana location

Total

Highlights of Bitcoin Production

Mining fleet:

S19j Pro Antminers

1,292

–

1,292

S9 Antminers

8

1,600

1,608

Total active miners

1,300

1,600

2,900

Self-mined bitcoin (Q4-2021 to date)

24.8

3.5

28.3

Production hash rate – petahash per second (“PH / s”)

129.87

10.23

140.10

During the second half of November 2021, BitNile maintained the same number of Bitcoin miners installed with no additions installed for the period. BitNile’s active miners for the Michigan data center include 1,292 S19j Pro and eight S9 Antminers, generating approximately 129.12 PH / s, an increase from the 120.6 PH / s reported in mid-November 2021. For the Indiana location, active miners consist of 1,600 S9. Antminers, generating around 10.23 PH / s, an increase from the 7.68 PH / s reported in mid-November 2021. BitNile’s bi-monthly updates regarding the number of Bitcoin miners installed and the amount of bitcoin excerpts are available at www.BitNile.com.

As previously announced, from November 2021, BitNile began receiving 300 S19d Pro Antminers per month pursuant to the purchase agreement with Bitmain Technologies Limited (“Bitmain”) for the planned installation of an additional 2,700 S19d Pro Antminers from December. 2021 to August 2022. Additionally, in November 2021, BitNile entered into contracts with Bitmain to purchase a total of 16,600 Bitcoin miners. The purchase includes both the environmentally friendly S19 XP Antminers which feature a processing power of 140 terahashes per second (“TH / s”) with a power consumption of 3.01 kilowatt hours (“kWh “) and the S19j Pro Antminers which have a processor power of 100 TH / s with an energy consumption of 2.95 kWh. Based on current delivery schedules, BitNile expects the 16,600 newly purchased miners to be shipped by Bitmain between March 2022 and September 2022. As a result, BitNile’s mining operations are expected to include 20,600 Bitcoin miners, producing approximately 2.24 exahashs per second once all miners are fully deployed and operational. Completion of the purchase of the 16,600 Bitcoin miners is subject to the Company raising the required additional capital, and there can be no assurance that the capital will be raised within the timeframe required by the purchase agreements.

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Milton “Todd” Ault, III, Executive Chairman of the Company, said: “We are delighted to announce the number of installed Antminers purchased from Bitmain and look forward to the next 300 S19d Pro Antminers which will be delivered more later this month. We are also pleased with the steady growth in bitcoin mining production and revenue to date. We expect BitNile to contribute more and more to our revenue and bottom line. “

On November 22, 2021, the Company announced its intention to split into two public companies by pursuing a spin-off of Ault Alliance with its shareholders. Ault Alliance will continue to focus on the company’s legacy businesses and more recently launched operations including lending and investing in distressed real estate and assets, among others, defense and power solutions, including charging products for electric vehicles. Following the Ault Alliance split, the company, through its subsidiary BitNile, will be an exclusive provider of Bitcoin mining and data center operations, continuing DeFi-related initiatives.

For more information about Ault Global Holdings and its subsidiaries, the Company recommends that shareholders, investors and other interested parties read the Company’s public documents with the SEC and press releases available in the Investor Relations section of www.AultGlobal.com or available at www. .sec.gov.

About Ault Global Holdings, Inc.

Ault Global Holdings, Inc. is a diversified holding company that continues to grow by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority owned subsidiaries and strategic investments, the Company owns and operates a data center in which it operates Bitcoin and provides mission critical products that support a wide range of industries, including defense. / aerospace, industry, automotive, telecommunications, medical / biopharmaceutical and textile. In addition, the Company grants credit to certain entrepreneurial businesses through an approved lending subsidiary. Ault Global Holdings is headquartered at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.AultGlobal.com.

Forward-looking statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend on or refer to future events or conditions, and include words such as “belief”, “plans”, “anticipates”, “plans”, “estimates” , “” Expects “,” intends “,” strategy “,” future “,” opportunity “,” may “,” will “,” should “,” could “,” potential “or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions which are subject to risks and uncertainties. Forward-looking statements speak only as of the date on which they are made, and the Company does not undertake to update them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement due to various factors. Further information, including potential risk factors, that could affect the business and financial results of the Company is included in the documents filed by the Company with the United States Securities and Exchange Commission, including, but without limitation, the Company’s 10-K, 10-Q and 8 forms. -K. All filings are available at www.sec.gov and on the Company’s website at www.AultGlobal.com.

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Contacts

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