Ault Alliance’s Subsidiary, Sentinum, Announces 121 Bitcoin Mined in January 2024
February 05 2024 - 5:30AM
Business Wire
Current Bitcoin Mining Operations Annual Run Rate of
Approximately $62 Million
Ault Alliance, Inc. (NYSE American: AULT), a diversified holding
company (“Ault Alliance,” or the “Company”),
announced today that its wholly owned subsidiary, Sentinum, Inc.
(“Sentinum”) mined approximately 121 Bitcoin in January
2024. Of this total, approximately 65 Bitcoin were mined at
Sentinum’s data center in Michigan, with the remaining
approximately 56 Bitcoin from mining machines hosted with Core
Scientific, Inc. (“Core”). The January mining operations
represent a current Bitcoin mining operations annual run rate of
approximately $62 million worth of Bitcoin. The mining run rate is
based upon a current Bitcoin price of approximately $42,700.
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Interior Photo of a Portion of the
Michigan Data Center (Photo: Business Wire)
William B. Horne, Chief Executive Officer of Ault Alliance,
expressed, “Our mining operations, especially those managed by
Sentinum, continue to meet our expectations in efficiency and
performance. The announced strategic relocation of select mining
rigs from Core Scientific to our Montana facility, which is
expected to occur by the end of March 2024, underscores our
commitment to optimizing our assets and enhancing operational
efficiency. This move is not merely logistical but will represent
progress towards improving Sentinum’s monthly results. It is
important to underscore our conviction that the present market
valuation of our stock does not reflect the substantial value
Sentinum contributes to our portfolio.”
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.
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Ault Alliance Investor Contact: IR@Ault.com or
1-888-753-2235
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