Ault Global Holdings Inc. (DPW) reversed its downfall after-market, as it went up by 6.21% to reach $1.88 on November 18. Previously, during the active session, the stock lost 9.23% as it closed at $1.77. DPW stock saw a volume of 16.54 million (395% of average) intraday trading. While the after hours’ volume was 794.55 thousand. In the 52-week range, the stock saw a high of $10.94 and a low of $1.68. While the day range for the stock was $1.73 to $2.17. Over the past five days, the stock lost a value of 13.66% and 59.31% year to date. Currently, DPW trades at market capital of $130.45 million.

On November 18, DPW announced the new contracts of its subsidiary BitNile, soon after which the stock saw an uptrend in the after hours.

Ault Global Holdings Inc. (DPW) is a diversified holding company that acquires undervalued assets and disruptive technologies with a global impact.

DPW’s Subsidiary’s Contracts

Ault Global Holdings Inc. (DPW) announced its subsidiary BitNile Inc.’s new contracts with Bitmain Technologies Limited. Bitmain Technologies Limited is a global leader in cryptocurrency mining and technology. According to the contracts, BitNile will purchase 16,000 Bitcoin Miners from Bitmain along with S19 XP and S19j Pro Antminers. These new contract agreements will lead BitNile to achieve its stated goal of obtaining 20,000 Bitcoin miners. The 16,000 miners are expected to be shipped from Bitmain between March and September 2022. Henceforth, BitNile’s mining operations will consist of 20,000 Bitcoin miners by the end of 2022. Subsequently, the company expects an estimated gross annualized revenue of $295 million to $320 million, from Bitcoin mining.

According to DPW, this new development has brought the company a step closer to becoming one of the top 10 publicly traded Bitcoin mining companies.

The Company’s Financials

On August 16, Ault Global Holdings Inc. (DPW) reported its second-quarter financial results for 2021. As per the results, the company generated a revenue of $62.1 million in Q2 2020, against $5.4 million in Q2 2020. Hence, showing a mammoth increase of 1050% year over year. Likewise, the second quarter of 2021, had a net income of $44.2 million, while DPW had a net loss of $7.9 million in the previous six months. Accordingly, the Q2 of 2021 had a net income per diluted share of $0.79 compared to a net loss of $0.24 per diluted share in Q2 2020.

Previously to be declared on November 18, the company postponed its third-quarter financial results to November 22, 2021.