Ault Inc. explores plan to issue special dividend payable in Bitcoin

Ault Alliance announced that it plans to explore a pathway that will allow it to issue a special dividend payable in Bitcoin to stockholders. The company intends to collaborate with regulatory authorities, its transfer agent and others, which may include a trusted custodian, to determine what is required in order to pay a special dividend in Bitcoin. The planned dividend would be paid from Bitcoin generated by the company’s wholly owned subsidiary, BitNile, Inc. As previously announced, BNI issued an unaudited update on its Bitcoin mining operations reporting BNI’s mining operations is currently operating at an operational hash rate of 2.1 exahashes per second with approximately 9,000 of its Bitcoin miners at its Michigan data center and 10,000 Bitcoin miners that are being hosted through its strategic collaboration with Core Scientific, Inc. The annualized gross value of Bitcoin currently being mined utilizing BNI’s miners is more than $55M, or approximately 1,800 Bitcoin, based on current market conditions, including a current trading price of Bitcoin at $30,400 and a mining difficulty of 50.65T.