Ault Alliance Announces Bitcoin Mining Success, Expands Diverse Business Portfolio

Diversified holding company Ault Alliance announced in March 2024 that its subsidiary, Sentinum, mined approximately 105 Bitcoins, yielding an estimated annual run rate of $82 million with the current Bitcoin price of $65,000. Mining operations commenced in both Sentinum's Michigan data center and at facilities hosted by Core Scientific, Inc., with plans to transition the Michigan facility to AI data center development after installing the first Antbox mining bin at a Montana site for access to lower energy costs.

Ault Alliance Announces Successful Bitcoin Mining Operations and Diversified Business Ventures

Las Vegas, Nevada, April 2024 - Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company, has announced the successful mining of approximately 105 Bitcoins during the month of March 2024 through its subsidiary, Sentinum, Inc. This represents an annualized run rate of approximately $82 million, calculated based on the current Bitcoin price of $65,000 per coin.

Mining operations were conducted at a combination of Sentinum's data center in Michigan and through machines hosted by Core Scientific, Inc. The company's CEO, William B. Horne, highlighted the recent installation of the first Antbox mining bin at a site in Montana. This strategic move is intended to capitalize on lower energy costs while allowing the Michigan facility to be repurposed for the development of artificial intelligence data centers.

Ault Alliance acknowledged the potential volatility of Bitcoin mining projections, which are subject to market fluctuations, changes in mining difficulty, and other operational factors. The company also recognized the upcoming Bitcoin halving event, which will reduce the block reward for miners. While the company does not predict Bitcoin price changes, it remains prepared to adjust mining operations as necessary.

In addition to its Bitcoin mining operations, Ault Alliance provided an overview of its diverse business ventures. The company operates a data center, offers colocation and hosting services, and has interests in various industries such as artificial intelligence, defense/aerospace, and the medical/biopharmaceutical sector. Ault Alliance also extends credit through a licensed lending branch and is headquartered in Las Vegas, Nevada.

Investor Insights

As Ault Alliance continues to expand its Bitcoin mining operations and diversify its business ventures, potential investors may find the following insights from InvestingPro helpful in their decision-making process:

• Ault Alliance's current market capitalization is approximately $0.98 million. This relatively small market capitalization indicates a higher risk profile, consistent with the company's significant debt burden and potential difficulties in servicing that debt, as highlighted by InvestingPro.
• The company's stock has experienced high price volatility, with a 19.68% drop over the past month and a substantial 95.05% decline over the past six months. Additionally, Ault Alliance is trading near its 52-week low, offering potential opportunities for breakthrough trades or investors with higher risk tolerance.
• Despite these challenges, InvestingPro anticipates growth in Ault Alliance's net income during the current year. Revenue has also surged significantly, with a 75.93% increase in the trailing twelve months as of Q3 2023. This could indicate underlying business strength or successful strategic initiatives that may not be fully reflected in the share price.

For further analysis of Ault Alliance, InvestingPro provides additional insights and metrics, including 19 InvestingPro recommendations for the company. Interested investors can access comprehensive data and analysis at InvestingPro by utilizing the coupon code PRONEWS24 to receive an additional 10% discount on an annual or two-year Pro and Pro+ subscription.

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