Ault Alliance Expands Bitcoin Mining Operations

Expansion of Bitcoin Mining Operations

Ault Alliance, Inc., a diversified holding company, has significantly expanded its Bitcoin mining operations through a strategic collaboration with Core Scientific, a leader in blockchain computing data centers. Initially planning to operate 3,000 miners, Ault Alliance has amended its agreement to deploy 10,000 S19j Pro miners with Core Scientific from May 2023. This expansion increases BitNile, Inc.'s operational power capacity to approximately 30 MW at Core Scientific's facilities.

Strategic Growth and Capabilities

This partnership enhances Ault Alliance's presence in the Bitcoin mining sector. With the combined capacity of 58 MW from its Michigan data center and Core Scientific's facilities, Ault Alliance can energize around 19,100 miners. This setup is expected to deliver 2.1 exahashes per second of hash rate. Based on current market conditions, including a Bitcoin price of $28,400 and a mining difficulty of 48.71 trillion, the company anticipates generating nearly $60 million in annual revenue.

Future Prospects and Considerations

Ault Alliance acknowledges that projections are contingent on various factors such as Bitcoin's market volatility, mining difficulty fluctuations, and the successful installation of miners. The company advises stakeholders to review its public filings for more detailed information on operations and potential risks.

About Ault Alliance

Ault Alliance, Inc. focuses on growth by acquiring undervalued businesses and technologies. It operates a Bitcoin mining data center and provides essential products across various industries, including defense, automotive, and consumer electronics. The company also extends credit through its lending subsidiary. Headquartered in Las Vegas, Ault Alliance actively seeks opportunities for strategic growth and innovation.