Ault Alliance Subsidiary, Sentinum, Inc., Initiates Construction on its Montana Data Center
August 23 2023 - 5:30AM
Business Wire
Ault Alliance, Inc. (NYSE American: AULT), a diversified holding
company (“Ault Alliance,” or the “Company”), today
announced that its wholly owned subsidiary, Sentinum, Inc.,
formerly known as BitNile, Inc. (“Sentinum”) has commenced
construction in Montana of its next data center. As previously
disclosed, Sentinum’s wholly owned subsidiary, BNI Montana, LLC,
earlier this year acquired land lease and power agreements to
develop operational data centers at the site, primarily for Bitcoin
mining operations.
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Once completed, the anticipated initial power capacity is up to
20 megawatts, which can support approximately 6,500 S19j Pro
Antminers. Sentinum believes the site has the potential to
significantly expand, though an electrical load feasibility study
would need to be performed to determine the maximum expansion
ability, and Sentinum would also require additional financial
resources in order to increase the capacity. Sentinum anticipates
that the data centers will be completed and ready for operations
before the end of 2023.
Milton “Todd” Ault, III, the Company’s Executive Chairman,
stated, “We are thrilled to break ground on our Montana facility.
This reinforces our commitment to expand and diversify our data
center colocation and hosting services. Once completed, we
anticipate moving our Bitcoin miners that are currently at
third-party hosting facilities to Montana, where we can operate
them more efficiently and with greater profitability. In parallel
with the data center buildout, we are currently working with the
local utility on details and timing of the load study.”
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 offers colocation and hosting services for the emerging
artificial intelligence ecosystems and other industries, 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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Ault Alliance Investor Contact: IR@Ault.com or
1-888-753-2235
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