Ault Alliance's Bitcoin Mining Updates

Ault Alliance's Mining Milestone

Ault Alliance, Inc., a diversified holding company, has announced significant advancements in its Bitcoin mining operations. In April 2024, its subsidiary, Sentinum, Inc., successfully mined approximately 89 Bitcoin. This achievement highlights Sentinum's growing presence in the cryptocurrency mining sector.

Strategic Mining Operations

The mining efforts were split between two locations. Sentinum's Michigan data center contributed around 46 Bitcoin, while the remaining 43 Bitcoin were mined with the help of miners hosted by Core Scientific, Inc. This strategic diversification in mining sites underscores Ault Alliance's commitment to optimizing its operations.

Expansion in Montana

Ault Alliance is further expanding its mining capabilities. Sentinum has begun the installation of miners at one of its two locations in Montana. This move aims to reduce power costs and enhance profitability, especially in light of the recent Bitcoin halving, which has impacted mining economics.

Market Volatility Considerations

While optimistic about its mining future, Ault Alliance remains cautious about market volatility. The company acknowledges that Bitcoin's market price, mining difficulty, and power supply capabilities could affect production outcomes. As such, it remains flexible, ready to adjust operations in response to market changes.

Investor Engagement

For those interested in further details about Ault Alliance and its operations, the company encourages consultation of public filings and press releases available on its official website and the SEC's online platform. This transparency is part of its commitment to keep investors and stakeholders informed about its strategic direction and performance.