LAS VEGAS--(BUSINESS WIRE)--Ault Global Holdings, Inc. (NYSE American: DPW), a diversified holding company (the “Company”), announced today that its subsidiary, BitNile, Inc. (“BitNile”), has entered into contracts with Bitmain Technologies Limited (“BITMAIN”), to purchase an additional 16,000 Bitcoin miners. These purchase agreements represent the achievement of BitNile’s stated goal of obtaining no less than 20,000 Bitcoin miners. The purchase includes both the environmentally friendly S19 XP Antminers that feature a processing power of 140 terahashes per second (TH/s) with an energy consumption of 3.01 kilowatt-hours (kWh) and the S19j Pro Antminers that feature a processing power of 100 TH/s with an energy consumption of 2.95 kWh.
Based on current delivery schedules, BitNile expects that the 16,000 newly purchased miners will ship from BITMAIN between March 2022 and September 2022. As a result, BitNile’s mining operations are expected to consist of 20,000 Bitcoin miners, producing approximately 2.16 exahashes per second (EH/s), once all miners are fully deployed and operational. The Company estimates a range of gross annualized revenues from Bitcoin mining of between $295 million and $320 million with margins, net of power costs, of approximately 90%, based on a market value of Bitcoin of between $60,000 and $65,000 and current market conditions, including a mining difficulty level of 21 trillion. The completion of the purchase of the 16,000 Bitcoin miners is subject...
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