Ault Alliance’s Subsidiary, Sentinum, Announces Its Montana Bitcoin Mining Site will be Operational and Mining by the End of March 2024
March 22 2024 - 6:30AM
Business Wire
10 Antbox Mobile Mining Containers Delivered to Montana Site
to Date
Ault Alliance, Inc. (NYSE American: AULT), a diversified holding
company (“Ault Alliance,” or the “Company”),
announced today that its new data center in Montana, operated by
its wholly owned subsidiary, Sentinum, Inc. (“Sentinum”) had
10 Antbox mobile mining containers delivered and set this week and
expects another 26 Antbox mobile mining containers to be delivered
over the next few months. Sentinum is completing the process to
energize the site, which is expected to be finalized next week. The
first couple of miners have been shipped to the facility and will
be installed and begin mining Bitcoin by the end of March 2024.
Sentinum anticipates shipping at least 1,000 miners a month to the
Montana data center starting in April 2024, until capacity is
reached.
Sentinum’s new facility in Montana initially boosts its power
capacity by 10MWs, and with the second site in Montana that is
expected to be built out later this year, has a capacity of
approximately 20MWs, with the potential for further expansion.
Sentinum believes that the capacity of the Montana sites can be
significantly expanded and has begun an electrical load study in
collaboration with the local utility to explore potential power
upgrades. Sentinum anticipates expanding the capacity at Montana to
the extent possible, after determination of the completed load
study, subject to additional funding.
William B. Horne, Chief Executive Officer of Ault Alliance,
stated, “Sentinum continues to work on improving operations and
will begin transferring machines from its Michigan site to its
Montana data center. This shift of machines to our Montana site
will allow us to focus on expansion at our Michigan site to support
the rapid growth of high-performance computing and artificial
intelligence (“AI”) use cases. The Michigan facility, which
features redundant, geographically diverse, fiber optic
connectivity from multiple carriers and significant power expansion
capabilities, was designed to meet the demands of AI computing and
it was always our intention that the Michigan site would have
minimal exposure to our mining operations. We thank the Sentinum
team for its efforts in executing on this key strategic plan.”
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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