Electrochemical boriding of the graphite plates in the potassium cryolite based electrolytes was studied. The boriding were carried out in a cell with vertical electrodes. The procedure included 2 stages: 1) electrolysis in the KF–AlF3–KBF4 melt (CR=1.3) at low current density (0.01–0.02 A/cm2), required for the boron reduction, at 700 and 750 °C; 2) electrolysis in the KF–AlF3–Al2O3 melt at higher current density (0.2 A/cm2), required for the aluminum reduction. The optimal conditions of electrodeposition for obtaining the borated wettable cathodes were determined. According to the SEM data, a continuous AlB2 layer with a thickness of 7–10 μm was formed on the graphite surface. The borated graphite was tested as a wetted cathode during the low-temperature aluminum electrolysis. Prolonged electrolysis in a vertical cell with the graphite anode and the borated graphite cathode was carried out in the KF–NaF(10 wt.%)–AlF3–Al2O3 electrolyte (CR=1.5) at 830 °C. After 100 h of electrolysis, the thickness of the AlB2 layer on the graphite surface was 5 μm, while the cathode surface was completely wetted with aluminum. Thus, we demonstrated the feasibility of using the borated graphite cathode as a wettable dripping cathode in the low-temperature aluminum electrolysis in the vertical cell.