Ault Alliance’s Subsidiary, Sentinum, Announces that It Is Ready to Accept up to 40 Artificial Intelligence Clusters with Nvidia and AMD GPU’s at Its Michigan Data Center and Future Expansion Plans
November 16 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.
(“Sentinum”) is now capable of accepting for deployment up
to 40 artificial intelligence (“AI”) clusters consisting of
memory, data storage, networking components with advanced GPU's
from Nvidia and AMD, at its state of the art Michigan data center.
During the second quarter of 2023, Sentinum began adjusting its
electrical resources at the Michigan data center in anticipation of
needing to support the significant increase in computing demand
being driven by AI applications. It is expected that the potential
addition of AI processing workloads will operate concurrently with
Sentinum’s Bitcoin mining operations.
In addition, as Sentinum’s new facility in Montana becomes
operational, Sentinum intends to further expand the
high-performance computing (“HPC”) and AI services at that
location. These AI clusters, powered by industry-leading technology
from Nvidia and AMD, along with the provision of enterprise-class
servers and storage devices, will be facilitated through the
Company’s subsidiary, Alliance Cloud Services, LLC, and delivered
from the Michigan facility, located within a 617,000 square foot
area on a 34.5-acre site in southern Michigan. The data center,
which is strategically positioned near power production sites,
boasts a current capacity of approximately 28MWs of power, and is
not only energy-efficient but prepared for future upgrades to reach
approximately 300MWs.
Milton “Todd” Ault III, Executive Chairman of Ault Alliance,
expressed his enthusiasm about the new developments, “The
deployment of AI clusters at our Michigan data center represents a
pivotal step in our technological advancement and strategic growth.
These state-of-the-art AI clusters are expected to significantly
enhance our capabilities to support generative AI and machine
learning, without disrupting our current Bitcoin mining operations.
As we bring our Montana facility online over the next several
months, we anticipate further expanding our HPC infrastructure and
AI capabilities, solidifying our position in the market. This
innovative approach is not only a testament to our commitment to
leveraging the latest technology, but we believe also positions us
for substantial financial growth. In light of our significant
achievements and the current state of Bitcoin mining at a $60
million Bitcoin production run rate, it is perplexing that our
market capitalization has not reflected these positive
developments. We believe this discrepancy presents a valuable
opportunity for market reassessment, as we continue to demonstrate
our potential and capabilities.”
At a Bitcoin price of $37,500, Sentinum’s Bitcoin mining
operations annual run rate is expected to exceed $60 million worth
of Bitcoin. In October 2023, as previously reported, Sentinum mined
approximately 135 Bitcoins, with 71 being mined at its Michigan
data center and 64 sourced from its hosted machines by Core
Scientific, Inc. Ault Alliance notes that all estimates and other
projections are subject to the volatility in Bitcoin market price,
the fluctuation in the mining difficulty level, the ability to
build out and provide the necessary power for miners, and other
factors that may impact the results of Bitcoin mining production or
operations.
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231116255598/en/
Ault Alliance Investor Contact: IR@Ault.com or
1-888-753-2235
Ault Alliance (AMEX:AULT)
Historical Stock Chart
From Apr 2024 to May 2024
Ault Alliance (AMEX:AULT)
Historical Stock Chart
From May 2023 to May 2024