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Ault Global Holdings (NYSE American: DPW) announced a significant deal through its subsidiary BitNile, purchasing 16,000 Bitcoin miners from BITMAIN. This increases BitNile's total to 20,000 miners, capable of producing approximately 2.16 EH/s. The company estimates gross annual revenues from Bitcoin mining between $295 million and $320 million, assuming Bitcoin prices range from $60,000 to $65,000. However, the completion of this acquisition is contingent on raising additional capital.
Ault Global Holdings (DPW) has scheduled a conference call for November 18, 2021, at 3:00 p.m. PT to review its third-quarter financial results. Executive Chairman Milton Ault III, CEO William Horne, and CFO Kenneth Cragun will discuss company performance, future outlook, and respond to pre-submitted questions. Interested parties must register for the webcast by 2:00 p.m. PT on the same day. Ault Global focuses on acquiring undervalued businesses and offers services in diverse industries, including Bitcoin mining and credit extension.
Ault Global Holdings, Inc. (DPW) announces its subsidiary, BitNile, Inc., has partnered with Bitmain, Inc. to acquire S19XP Antminers, featuring 140 TH/s processing power and improved energy efficiency. This positions BitNile among only five global miners authorized to obtain this technology, enhancing its Bitcoin mining capabilities and revenue potential. The deal aligns with BitNile's goal of acquiring 20,000 miners and achieving a carbon-neutral footprint. An update on the delivery schedule and revenue forecast is expected by December 20, 2021.
Ault Global Holdings (AMEX: DPW) reported that its defense subsidiary, Gresham Worldwide, booked over $15.3 million in orders during the two quarters ended September 30, 2021. The increase in bookings is attributed to pent-up demand following the COVID-19 pandemic, with key contributors including Enertec Systems, Microphase Corporation, RELEC Electronics, and Gresham Power. Gresham CEO, Jonathan Read, noted that strong bookings provide visibility through 2024, supported by cash from Ault Global, which helps mitigate supply chain issues.
Ault Global Holdings (NYSE American: DPW) has approved $140 million in additional capital for its subsidiary, BitNile, Inc., to expand its Bitcoin mining operations. The company aims to increase its mining capacity from 4,000 to 20,000 miners, boosting its hash rate from 0.4 EH/s to 2.0 EH/s. With the additional capacity, projected gross annual revenues could reach approximately $275 million, assuming Bitcoin is priced at $60,000. The expansion depends on securing the necessary funding, which has not yet been committed.
Ault Global Holdings (NYSE: DPW) reported significant growth from its subsidiary BitNile, Inc., anticipating annual bitcoin mining production between
Ault Global Holdings, Inc. (NYSE American: DPW) announces its subsidiary TurnOnGreen, Inc. has launched the EVP700-B home EV charger available on Amazon.com, Walmart.com, and Turnongreenev.com since October 25, 2021. This UL-certified charger is compatible with most EVs and rated for indoor/outdoor use. The launch follows a prior commercial EV product release in September 2021. Demand for home charging is surging with over 50,000 new EVs sold monthly in the U.S.
Ault Global Holdings, Inc. (NYSE American: DPW) announced that its subsidiary, BitNile, Inc., will start bimonthly reporting on installed bitcoin miners and mined BTC starting November 15, 2021. BitNile currently has an annualized mining rate of approximately $10 million worth of BTC, expected to grow to $15 million by the end of October. The Company anticipates gross mining revenue to increase to around $64 million annually based on BTC's current market value of $66,000. This initiative aims to enhance transparency and provide valuable insights for shareholders and partners.
Ault Global Holdings (AMEX: DPW) reported that its subsidiary, BitNile, Inc., has achieved an annualized Bitcoin mining production run rate of approximately
Ault Global Holdings (NYSE American: DPW) announced its participation in the World Digital Mining Summit (WDMS) on November 9-10, 2021, in Dubai. Executive Chairman Milton “Todd” Ault, III, will lead the representation at this premier conference hosted by Bitmain. The event aims to connect major mining and energy companies, fostering opportunities for partnerships. Ault expressed excitement about potential collaborations, emphasizing the company's goal of becoming one of the top ten publicly traded cryptocurrency mining firms. The company recently completed the first phase of its Michigan Data Center buildout.
