LAS VEGAS – (COMMERCIAL THREAD) –Ault Global Holdings, Inc. (NYSE American: DPW), a diversified holding company (the âCompanyâ), today announced that its wholly owned subsidiary, BitNile, Inc. (âBitNileâ), is actively installing the first 1,000 S19j Pro Antminers ( the âAntminersâ) recently received at the Company’s Michigan data center (the âData Centerâ). On September 15, 2021, the company announced that it plans to receive an additional 300 Antminers per month between October 2021 and July 2022, bringing the total number of new Antminers to be deployed to 4,000.
BitNile expects the first 1,000 miners to be fully operational by the end of October 2021 and will generate cryptocurrency mining revenues of around $ 1 million per month, based on a trading price. Bitcoin of around $ 45,000. BitNile further plans to increase cryptocurrency mining revenue to around $ 4 million per month after the installation of the 4,000 Antminers, which is expected to be completed by August 2022. Although the company believes the future operations of the data center and its cryptocurrency mining operations will be successful, the Company cannot guarantee that it will receive all Antminers, that the price of Bitcoin will remain high enough to generate a profit, or that its expectations will fall. will materialize in a timely manner, if at all.
Milton âToddâ Ault, III, executive chairman of the company, said, âI am pleased with our progress in deploying the new Antminers. I firmly believe that BitNile’s operations will significantly contribute to the growth of the company in terms of revenue and profitability. Ault continued, âWe are committed to ensuring the long-term success of BitNile and plan to access private or public capital markets to fund additional investments in Antminers and data center expansion. ”
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 and press releases available in the Investor Relations section at www.AultGlobal.com or available on 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 provides mission critical products that support a wide range of industries including defense / aerospace, industrial, automotive, telecommunications , medical / biopharmacy and textiles. In addition, the Company grants credit to certain entrepreneurial businesses through an approved lending subsidiary. The head office of Ault Global Holding is located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.AultGlobal.com.
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 âbeliefâ, âplansâ, âanticipatesâ, âplansâ, âestimatesâ , “” 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 files are available on www.sec.gov and on the Company’s website at www.AultGlobal.com.