Ault Alliance’s Subsidiary, Sentinum, Completes Unit Testing for High-Performance Computing and Artificial Intelligence Infrastructure
October 26 2023 - 5:30AM
Business Wire
Ault Alliance, Inc. (NYSE American: AULT), a diversified holding
company (“Ault Alliance,” or the “Company”), is
pleased to announce that its wholly owned subsidiary, Sentinum,
Inc. (“Sentinum”) has successfully completed unit testing on
critical infrastructure components necessary to meet the power
demands of high-performance computing (“HPC”) and artificial
intelligence (“AI”) applications.
Sentinum is now fully prepared to deploy and provide support for
enterprise-class servers and storage devices through its
subsidiary, Alliance Cloud Services, LLC. These services will be
delivered from Sentinum’s state-of-the-art data center, located
within a 617,000 square foot facility on a 34.5 acre site in
southern Michigan. Positioned strategically near power production
sites, the Michigan data center has a current capacity of
approximately 28MWs of power that is energy efficient, with the
potential for future upgrades to reach approximately 300MWs.
William B. Horne, Chief Executive Officer of Ault Alliance,
expressed, “This marks another crucial step in our strategy to
diversify the offerings available through our Michigan data center.
While Bitcoin mining remains a core focus for Sentinum, our
adaptability positions us to seize growth opportunities within the
broader data center market.”
Sentinum’s goals includes further expansion into non-mining data
center services through systematic, success-driven investments in
additional infrastructure and computing equipment. This expansion
would be expected to support the rapid growth of HPC and AI use
cases. Sentinum plans to work with third parties to include various
hardware components from suppliers like Nvidia and AMD in computing
configurations capable of addressing multiple HPC and AI
infrastructure requirements.
Milton “Todd” Ault, III, the Company’s Executive Chairman,
stated, “We aim to provide a range of service options tailored to
our customers’ needs, rather than a singular, one-size-fits-all
solution.” Additionally, Sentinum plans to offer colocation and
hosting services to enterprise clients and large-scale cloud
service providers (often referred to as “hyperscalers”) with
significant power density needs.
Sentinum has not entered into agreements to expand the power
capacity at the Michigan data center. The ability to expand is
subject to several factors including, but not limited to, its
ability to acquire financing on acceptable terms, the ability of
Sentinum to expand the facility’s infrastructure, entering into the
service delivery agreement with the power company as well as
purchasing and installing transformers, step-down units, switches,
and cables.
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 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
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