Ault Alliance’s Subsidiary, Sentinum, Announces 133 Bitcoin Mined in November 2023 with a Current Annual Run Rate of $70.1 Million

Rhea-AI Summary

Ault Alliance, Inc. (AULT) announced that its subsidiary, Sentinum, Inc., mined approximately 133 Bitcoin in November 2023, with an annual run rate of approximately $70.1 million worth of Bitcoin. The company is optimistic about the future profitability and revenue growth due to the increase in Bitcoin price and transitioning of mining units to its own data centers.

Positive

• Sentinum mined approximately 133 Bitcoin in November 2023
• Annual run rate of approximately $70.1 million worth of Bitcoin
• Transitioning of mining units back to own data centers for improved profitability and revenue growth

Negative

• None.

LAS VEGAS--(BUSINESS WIRE)-- Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), announced today that its wholly owned subsidiary, Sentinum, Inc. (“Sentinum”) mined approximately 133 Bitcoin in November 2023. Of this total, approximately 71 Bitcoin were mined at Sentinum’s data center in Michigan, with the remaining approximately 62 Bitcoin from mining machines hosted with Core Scientific, Inc. Based on the current Bitcoin price of approximately $44,000, Sentinum mined approximately $5.84 million worth of Bitcoin in November 2023 and has a current Bitcoin mining operations annual run rate of approximately $70.1 million worth of Bitcoin.

William B. Horne, Chief Executive Officer of Ault Alliance, remarked, "We are pleased with the recent gains in the price of Bitcoin and are excited to begin operations in January 2024 at the first of two 10 megawatt sites at Sentinum’s new data center in Montana. The increase in the price of Bitcoin coupled with the transitioning of our mining units back to our own data centers should significantly improve profitability while also growing topline revenue numbers.”

Ault Alliance notes that all estimates and other projections are subject to the volatility in Bitcoin market price, the fluctuation in the mining difficulty level, the ability to build out and provide the necessary power for miners, and other factors that may impact the results of Bitcoin mining production or operations.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231206145051/en/

Ault Alliance Investor Contact:

IR@Ault.com or 1-888-753-2235

Source: Ault Alliance, Inc.

FAQ

How many Bitcoin did Sentinum mine in November 2023?

Sentinum, Inc., a subsidiary of Ault Alliance, mined approximately 133 Bitcoin in November 2023.

What is the annual run rate of Sentinum's Bitcoin mining operations?

Sentinum's current annual run rate of Bitcoin mining operations is approximately $70.1 million worth of Bitcoin.

Where can I find Ault Alliance's public filings and press releases?

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.