BitNile, a subsidiary of the Ault Alliance, publishes a report on Bitcoin production and mining in 2022 highlighting an expected current execution rate of around 1,500 Bitcoin per year

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LAS VEGAS–(BUSINESS WIRE)–Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (Ault or the Company), today announced that its wholly-owned subsidiary, BitNile, Inc. ( BitNile) released an unaudited update on Bitcoin production and miner installation. The number of miners and production capacity metrics in this press release represent the S19j Pro and XP Antminers at the Michigan data center. BitNiles Bitcoin mining production is currently operating at an estimated annualized run rate of 1,484 Bitcoin based on current market conditions, including a mining difficulty of 34.09 trillion.

BitNile owns 20,441 S19j Pro and XP Antminers, which when installed and powered up, will generate a combined processing power of approximately 2.21 exahashes per second (EH/s), the computing power used to mine Bitcoin. During the month of December 2022, BitNile received 123.71 Bitcoins from its miners providing computing power to a mining pool operator, and to date BitNile has received a total of around 738 Bitcoins.

Milton Todd Ault, III, the company’s Executive Chairman, said, “The team continued to optimize our mining operations in Michigan and as a result increased mining production from November through December by approximately 1 bitcoin per day (92 to 123). I look forward to 2023 as we continue to investigate other potential opportunities for additional mining operations.

As previously reported, the company has entered into purchase agreements with Bitmain Technologies Limited for a total of 23,065 Bitcoin miners, including 4,600 eco-friendly S19 XP Antminers with 140 terahashes per second processing power. (TH/s), 17,325 S19j Pro Antminers which feature 100 TH/s processing power and 1,140 S19 XP Hydro Antminers which feature 255 TH/s processing power. Once all miners are fully deployed and operational, BitNile expects to reach a mining throughput capacity of around 2.66 PE/s.

BitNile notes that all estimates and other projections are subject to actual delivery and installation of Bitcoin miners, Bitcoin market price volatility, fluctuation in mining difficulty level, Agora Digital capacity Holdings Inc. to raise the required capital and to construct and supply the necessary electricity for its Texas facility, with which BitNile has entered into a contract, and other factors that may affect the results of production or operations.

For more information about Ault and its subsidiaries, Ault recommends that shareholders, investors and any other interested party read Ault’s public documents and press releases available in the Investor Relations section of www.ault. com or at www.sec.gov.

About Ault Alliance, Inc.

Ault Alliance, Inc. is a diversified holding company that continues to grow by acquiring undervalued companies and disruptive technologies with global impact. Through its wholly and majority owned subsidiaries and strategic investments, Ault owns and operates a data center in which it mines Bitcoin and provides mission-critical products that support a wide range of industries, including oil exploration, crane services, defence/aerospace, industrial, automotive, medical/biopharmaceutical, consumer electronics, hospitality and textile. In addition, Ault extends credit to certain entrepreneurial businesses through a licensed lending subsidiary. Aults’ corporate headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.ault.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 believe, plan, anticipate, project, estimate, expect, intend, strategy, future, opportunity, can, 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 that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation 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 a variety of factors. Further information, including potential risk factors, that could affect the company’s business and financial results is included in the company’s filings with the United States Securities and Exchange Commission, including, but not limited to Company Forms 10-K, 10-Q and 8. -K. All filings are available at www.sec.gov and on the company’s website at www.ault.com.

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