Ault Alliance’s Subsidiary, Sentinum, Announces 135 Bitcoin Mined in October 2023
November 02 2023 - 6:30AM
Business Wire
Ault Alliance, Inc. (NYSE American: AULT), a diversified holding
company (“Ault Alliance,” or the “Company”), today
announced its wholly-owned subsidiary, Sentinum, Inc.
(“Sentinum”), mined a total of 135 Bitcoin in October 2023.
Of this total, 71 Bitcoin were mined at Sentinum’s data center in
Michigan (the “Michigan Data Center”), with the remaining 64
Bitcoin sourced from Sentinum machines hosted by Core Scientific,
Inc. Based on the October 2023 Bitcoin mined and the current
Bitcoin price of approximately $35,000, Sentinum’s Bitcoin mining
operations monthly run rate is currently approximately $4.7 million
worth of Bitcoin.
William B. Horne, Chief Executive Officer of Ault Alliance,
remarked, “We continue to improve and streamline operations at our
Michigan Data Center and are pleased with its progress so far. As
we eagerly anticipate our expansion in Montana, our collaboration
with Core Scientific remains a valuable component in our growth
strategy, providing complementary benefits to our core
operations.”
“Based on the recent surge in the price of Bitcoin and Ault
Alliance’s current low stock value, the gross revenue from
Sentinum’s monthly mining is approximately equal to the current
market cap. We remain committed to consistently updating our
stockholders, ensuring they are well-informed about the Company’s
activities as a step towards aligning the stock price with what we
believe is the Company’s true intrinsic value,” stated Milton
“Todd” Ault III, Executive Chairman of Ault Alliance.
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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