Ault Alliance Announces Its Subsidiary, Sentinum, Inc., Has Mined 909 Bitcoin From January 1, 2023 Through July 31, 2023
04 August 2023 - 8:30PM
Business Wire
For the Month of July 2023 Sentinum Has Mined 145 Bitcoin for
a Total Annualized Run Rate of 1,740 Bitcoin
Ault Alliance, Inc. (NYSE American: AULT), a diversified holding
company (“Ault Alliance,” or the “Company”), today
announced that its wholly-owned subsidiary, Sentinum, Inc., mined a
combined total of 909 Bitcoins from January 1, 2023 through July
31, 2023.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20230804902641/en/
Michigan Data Center - Sentinum, Inc.
Bitcoin Mining Operations (Photo: Business Wire)
This achievement includes the mining of 668 Bitcoins through its
dedicated data center located in Michigan during the same period.
An additional 241 Bitcoins were mined in partnership with Core
Scientific, a leader in customizable infrastructure and software
solutions for Blockchain networks, since the inception of the
partnership on April 6th, 2023.
“We are excited to share our notable strides in Bitcoin mining
with our stakeholders; this success underscores our strategic
efficiency and dedication,” stated Milton “Todd” Ault, III,
Executive Chairman of Ault Alliance. “By leveraging the growing
opportunities in the digital asset sector, we stay committed to
elevating shareholder value. We extend our appreciation to our
partners at Core Scientific, whose significant contributions were
instrumental in achieving these impressive figures.”
Ault Alliance maintains its commitment to the exploration and
utilization of Blockchain technology, contributing to the digital
asset industry while providing substantial value to its
shareholders.
This unaudited update underscores Ault Alliance’s unwavering
dedication to transparency and maintaining open communication with
its shareholders and the broader market.
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 available 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 colocation and offers 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/20230804902641/en/
Ault Alliance Investor Contact: IR@ault.com or
1-888-753-2235
Ault Alliance (AMEX:AULT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Ault Alliance (AMEX:AULT)
Historical Stock Chart
From Jul 2023 to Jul 2024