Hi Cake, no of course it won't drawn 96 watts.
Here some power consumption numbers :
- Board Only : Idle 6W, Active 9-10W
- With 2x HDD : Idle 12W, Active 19W (WD Red 2TB)
- With 4x HDD : Idle 19W, Active 32W (WD Red 2TB)
You still need an 8A AC/DC Adapter to sustain current drain during HDD...