Ault Alliance Achieves Record Bitcoin Mining Run Rate in December 2023
Record Bitcoin Mining Performance
Ault Alliance, Inc., a diversified holding company, reported that its subsidiary, Sentinum, Inc., mined approximately 151 Bitcoin in December 2023. This achievement represents the highest single monthly run rate for Bitcoin mining in the company's history, marking a significant milestone.
Revenue Growth and Strategic Moves
The December mining operations reflect an impressive annual run rate of around $78 million, based on a Bitcoin price of $43,000. About 77 Bitcoin were mined at Sentinum’s Michigan data center, while 74 Bitcoin came from machines hosted with Core Scientific, Inc. This strategic distribution of mining locations enhances Sentinum’s ability to optimize revenue and operational efficiency.
Future Outlook and Market Considerations
Ault Alliance's CEO highlighted the company's satisfaction with Sentinum's performance, emphasizing the ongoing improvements and operational streamlining. Future plans include transferring some mining rigs from Core to a site in Montana, which could further boost productivity. Despite the positive progress, the company acknowledges potential challenges, such as Bitcoin price volatility and mining difficulty fluctuations.
Investor Information and Strategic Insights
Ault Alliance encourages investors and stakeholders to review their public filings for detailed insights into company operations and projections. These documents provide essential information about the factors influencing their Bitcoin mining success, ensuring transparency and informed decision-making.
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