Ault Alliance Subsidiary, Sentinum, Inc., Launches Colocation and Hosting Services for AI Ecosystems and Other Businesses with High-Density Power Needs
July 27 2023 - 5:30AM
Business Wire
Ault Alliance, Inc. (NYSE American: AULT), a diversified holding
company (“Ault Alliance” or the “Company”) today announced
the launch of its tailored colocation and hosting services for the
emerging artificial intelligence (“AI”) ecosystems and other
industries through Sentinum, Inc., formerly known as BitNile, Inc.
(“Sentinum”), one of its wholly owned subsidiaries. Sentinum
will offer these services from its Michigan data center (the
“Michigan Data Center”) and plans to expand such operations
in Montana and Texas. Additional details are available at
www.sentinum.ai.
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Sentinum provides colocation facilities with adjustable space
options, enabling cost-effective business growth. Sentinum is
committed to providing physically and logically secure operations
to its customers through multi-level electronic access, including
biometrics and sophisticated surveillance systems. Sentinum’s
on-site technical support team is ready to assist its customers,
ensuring smooth operations.
Jay Looney, Sentinum’s Chief Operating Officer, commented on the
launch, “Although our data center has mainly served Bitcoin mining
up until now, we see a substantial demand for hosting and
full-service operations in AI and cloud computing sectors. Our
vision at Sentinum is clear: We aim to deliver trustworthy,
scalable, and safe hosting solutions for AI-centric businesses and
others in need of high-density power. As we plan our expansion from
Michigan to Montana and Texas, our commitment to unparalleled
security and service availability is strong.”
Milton “Todd” Ault, III, the Company’s Executive Chairman added,
“We are fortunate to have an accomplished data center expert in
Jay, who joined our team earlier this year. I anticipate that Jay
will have a tremendous impact on our continued success as we
develop the build-out of our data center operations. I’m confident
that Jay will focus on strategic and profitable expansion that will
lead to our long-term stability and enhanced stockholder
value.”
Michigan Data Center
Alliance Cloud Services, LLC (“ACS”), a wholly owned
subsidiary of Sentinum, owns and operates the Michigan Data Center,
a 617,000 square foot energy-efficient facility, that boasts a
power capacity of 28 megawatts (“MW”), 85% of which is green
energy. The Michigan Data Center has the ability to scale to 300
MW, which would require additional capital and new power agreements
with the existing utility company. ACS intends to undertake this
expansion within the foreseeable future, subject to available
financing and other conditions.
Montana Data Center
Sentinum’s wholly owned subsidiary, BNI Montana, LLC, has
acquired land lease and power agreements to develop operational
data centers in Montana, primarily for Bitcoin mining operations.
The anticipated initial power capacity is up to 20 MW, for which
construction and build-out have just been initiated. We believe the
site has the potential to significantly expand, though a load
feasibility study would need to be performed to determine the
maximum expansion ability, and we would also require additional
financial resources in order to increase the capacity.
Texas Data Center
The Company has agreements to operate a data center operation in
West Texas. The current substation capacity is 12MW with the
ability to scale to 78 MW through additional capital expenditures.
We anticipate construction and build-out to begin within the next
couple of months.
Leadership
Jay Looney, Sentinum’s Chief Operating Officer, with over 30
years of IT experience emphasizing data center services, is
responsible for managing the data centers and associated services
across all Ault Alliance companies. He has a global services
perspective from time spent with Hewlett Packard and Accenture, was
the founder and managing partner of a Texas based
colocation/managed services company culminating in a successful
exit for its equity holders.
For more information on Ault Alliance and its subsidiaries, Ault
Alliance recommends that stockholders, investors, and any other
interested parties read Ault Alliance’s public filings and press
releases available under the Investor Relations section at
www.Ault.com or available at www.sec.gov.
About Ault Alliance, Inc.
Ault Alliance, Inc. is a diversified holding company pursuing
growth by acquiring undervalued businesses and disruptive
technologies with a global impact. Through its wholly and
majority-owned subsidiaries and strategic investments, Ault
Alliance owns and operates a data center at which it mines Bitcoin
and provides mission-critical products that support a diverse range
of industries, including metaverse platform, oil exploration, crane
services, defense/aerospace, industrial, automotive,
medical/biopharma, consumer electronics, hotel operations and
textiles. In addition, Ault Alliance extends credit to select
entrepreneurial businesses through a licensed lending subsidiary.
Ault Alliance’s headquarters are located at 11411 Southern
Highlands Parkway, Suite 240, Las Vegas, NV 89141;
www.Ault.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements generally include
statements that are predictive in nature and depend upon or refer
to future events or conditions, and include words such as
“believes,” “plans,” “anticipates,” “projects,” “estimates,”
“expects,” “intends,” “strategy,” “future,” “opportunity,” “may,”
“will,” “should,” “could,” “potential,” or similar expressions.
Statements that are not historical facts are forward-looking
statements. Forward-looking statements are based on current beliefs
and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are made,
and the Company undertakes no obligation to update any of them
publicly in light of new information or future events. Actual
results could differ materially from those contained in any
forward-looking statement as a result of various factors. More
information, including potential risk factors, that could affect
the Company’s business and financial results are included in the
Company’s filings with the U.S. Securities and Exchange Commission,
including, but not limited to, the Company’s Forms 10-K, 10-Q and
8-K. All filings are available at www.sec.gov and on the Company’s
website at www.Ault.com.
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