Ault Alliance Reports Record Bitcoin Mining Operations

Record Bitcoin Mining Achievements

Ault Alliance, Inc., a diversified holding company, announced exceptional Bitcoin mining results for February 2024 through its subsidiary, Sentinum, Inc. Sentinum mined approximately 103 Bitcoin, marking the highest single monthly run rate in the company's history, valued at around $7.4 million. The operation's annual run rate stands at approximately $89 million, based on a Bitcoin price of $72,000 per coin.

Strategic Expansion and Relocation

Sentinum is set to relocate mining machines from its Michigan data center to a site in Montana. This move aims to facilitate expansion at the Michigan site, which is anticipated to bolster growth in High-Performance Computing and Artificial Intelligence applications. Such strategic decisions are crucial for enhancing operational efficiency and capitalizing on Bitcoin's fluctuating market value.

Market Volatility and Future Projections

Ault Alliance acknowledges the inherent volatility of the Bitcoin market, which influences mining operations and profitability. Factors such as market price fluctuations, mining difficulty, and infrastructure capabilities are pivotal in shaping outcomes. Additionally, the upcoming Bitcoin halving event, which will reduce block rewards, presents another variable for consideration. The company remains prepared to adjust its strategies in response to these dynamics.

Investor Relations and Future Outlook

Ault Alliance encourages stakeholders to stay informed through its public filings and press releases. With a focus on strategic growth and adaptation to market changes, the company aims to maintain its upward trajectory in Bitcoin mining and related technological advancements. Such proactive measures underscore Ault Alliance's commitment to leveraging its diversified portfolio for sustained success in the evolving digital economy.