Ault Alliance’s Subsidiary, Sentinum, Surpasses $46 Million in Bitcoin Mining Revenue Since Inception and Reports Mining 139 Bitcoins in September 2023
06 October 2023 - 9:30PM
Business Wire
Ault Alliance, Inc. (NYSE American: AULT), a diversified holding
company (“Ault Alliance,” or the “Company”), today
announced that its wholly owned subsidiary, Sentinum, Inc.
(“Sentinum”), has reached an impressive milestone of $46
million in Bitcoin mining revenue since the inception of its mining
endeavors. Notably, Sentinum mined 139 Bitcoins in the month of
September 2023 alone.
Ault Alliance has consistently believed in the transformative
power of Bitcoin and blockchain technology. This steadfast
commitment to Bitcoin mining has proven fruitful, as today’s
results clearly showcase. The Company is pleased with Sentinum’s
operations and remains firmly convinced of Bitcoin’s status as a
robust, future-ready currency, also highlighting its potency as a
hedge against inflation and the declining value of the dollar.
William B. Horne, Chief Executive Officer of Ault Alliance,
remarked, “Today’s numbers are a testament to the dedication and
relentless effort of the Sentinum team. The experience we have
gained developing and operating data centers, mining Bitcoin and
providing hosting services further solidifies our commitment to
disruptive technologies such as blockchain and artificial
intelligence.”
Ault Alliance is in process of enlarging its footprint in the
realm of data centers to support high performance computing with
bespoke solutions. This expansion is expected to be executed via
the development of the Company’s planned data center projects in
Montana and Texas, in addition to augmenting its existing facility
in Michigan.
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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