Ault Alliance Announces Strategic Corporate Alignment
25 September 2023 - 8:30PM
Business Wire
Ault Alliance Inc. (NYSE American: AULT), a diversified holding
company (“Ault Alliance” or the “Company”) announced
today its plans to execute a strategic corporate alignment of the
company and its subsidiaries.
To adapt to current market dynamics, Ault Alliance has unveiled
its strategic plan to restructure its corporate blueprint. This
transformation is meant to emphasize the unique strengths and
individual growth paths of each subsidiary’s operations. The new
structure focuses on three central subsidiaries being Circle 8
Crane Services LLC (“Circle 8”), Sentinum Inc.
(“Sentinum”), and Ault Venture Group. This realignment
permits specialized management and resource allocation to each
individual subsidiary while preserving the adaptability for
possible separations into standalone entities in response to future
market dynamics.
- Circle 8 will continue to focus its attention on supplying
premier crane and heavy machinery rental services. Circle 8 is
focused on the energy sector and serve a diverse client base in the
South Central U.S.
- Sentinum is positioned to address the surging demand for data
center infrastructure to provide colocation and hosting services
for the emerging artificial intelligence ecosystems and other
industries. With its existing facilities along with its planned
buildout of its Montana and Texas sites, Sentinum is
well-positioned to deliver top of the line data center solutions.
The Company’s Bitcoin mining operations are hosted by Sentinum with
14,599 S19j Pro Antminers and 4,628 S19 XP Antminers in
operation.
- Ault Venture Group will house all other subsidiaries and
ventures and serve as the investment cornerstone of Ault Alliance.
Notably, Ault Venture Group will house Ault Lending, Ault Global
Real Estate Equities, and Ault Alliance’s ownership of other public
companies such as The Singing Machine Company, Inc, and BitNile
Metaverse, Inc.
After this strategic restructuring, the Company will embark on
an extensive assessment of its existing assets and investments to
determine potential strategic dispositions. The Company has already
begun certain strategic dispositions including the distribution of
securities of Imperalis Holding Corp. (OTC: IMHC), d/b/a
TurnOnGreen, Inc., the listing for sale of its Midwest hotel
portfolio and the upcoming listing of its St. Petersburg, FL
multifamily development project.
Milton “Todd” Ault III, Executive Chairman of Ault Alliance,
shared his thoughts on the Company and this restructuring, stating,
“We firmly believe that the current market value of the Company
significantly undervalues its true worth. Based on our internal
evaluation, we believe the stock price does not reflect the full
value and potential the Company holds.”
The Company plans to use this restructuring as an opportunity to
not only evaluate its existing assets, but to focus on fine tuning
operations, pushing for efficiency throughout the organization, and
strategically position each subsidiary to properly capitalize on
their unique growth plans.
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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