Ault Global Holdings Provides Update on Installation of S19j Pro Antminers
October 07 2021 - 6:30AM
Business Wire
The Company Expects 1,000 S19j Pro Antminers Will Be Deployed
by the End of October 2021 and Will Generate Revenue of $1 Million
per Month
Ault Global Holdings, Inc. (NYSE American: DPW) a diversified
holding company (the “Company”), announced today that its wholly
owned subsidiary, BitNile, Inc. (“BitNile”), is actively installing
the first 1,000 S19j Pro Antminers (the “Antminers”) recently
received at the Company’s Michigan data center (the “Data Center”).
On September 15, 2021, the Company announced that it expects to
receive an additional 300 Antminers per month between October 2021
and July 2022, bringing the total new Antminers to be deployed to
4,000.
BitNile expects the first 1,000 miners will be fully operational
by the end of October 2021 and will generate cryptocurrency mining
revenue of approximately $1 million per month, based on a Bitcoin
trading price of approximately $45,000. BitNile further expects to
grow cryptocurrency mining revenue to approximately $4 million per
month after installation of all 4,000 Antminers, which is expected
to be completed by August 2022. While the Company believes that the
future operations of the Data Center and its cryptocurrency mining
operations will be successful, the Company cannot assure that it
will receive all the Antminers, that the price of Bitcoin will
remain high enough to generate profits or that its expectations
will materialize in a timely manner, if at all.
Milton “Todd” Ault, III, the Company’s Executive Chairman,
stated, “I’m pleased with our progress in deploying the new
Antminers. I firmly believe that BitNile’s operations will
contribute meaningfully to the Company’s growth in both revenues
and profitability.” Ault continued, “We are committed to BitNile’s
long-term success and plan to access the private or public equity
markets to fund additional investments in Antminers and the Data
Center expansion.”
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
and press releases available under the Investor Relations section
at www.AultGlobal.com or available at www.sec.gov.
About Ault Global Holdings, Inc.
Ault Global Holdings, Inc. is a diversified holding company
pursuing growth 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 diverse range of
industries, including defense/aerospace, industrial, automotive,
telecommunications, medical/biopharma, and textiles. In addition,
the Company extends credit to select entrepreneurial businesses
through a licensed lending subsidiary. Ault Global Holding’s
headquarters are located 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 upon or refer
to future events or conditions, and include words such as
“believes,” “plans,” “anticipates,” “projects,” “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 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 any of them
publicly in light of new information or future events. Actual
results could differ materially from those contained in any
forward-looking statement as a result of various factors. More
information, including potential risk factors, that could affect
the Company’s business and financial results are included in the
Company’s filings with the U.S. Securities and Exchange Commission,
including, but not limited to, the Company’s Forms 10-K, 10-Q and
8-K. All filings are available at www.sec.gov and on the Company’s
website at www.AultGlobal.com.
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