Ault Alliance Subsidiary Achieves Bitcoin Mining Production Milestone of 1,000 Bitcoin Mined to Date at Its Michigan Data Center

Rhea-AI Summary

Ault Alliance, Inc. (NYSE American: AULT) announced a significant achievement by its subsidiary BitNile, Inc., which has successfully mined 1,000 Bitcoin at its Michigan data center. Executive Chairman Todd Ault, III, praised the team's dedication and hard work in expanding their Bitcoin mining operations. This milestone marks progress in Ault Alliance's strategy to enhance its mining capabilities. The company continues to focus on acquiring undervalued businesses and technologies with global impact, while also providing mission-critical products across various industries.

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• BitNile, Inc. has mined 1,000 Bitcoin, showcasing progress in mining operations.

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LAS VEGAS--(BUSINESS WIRE)-- Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance” or the “Company”) is pleased to announce a significant milestone achieved by its wholly-owned subsidiary, BitNile, Inc., which has successfully mined 1,000 Bitcoin to date at its Michigan data center, marking a significant achievement in Bitcoin mining production.

According to Milton “Todd” Ault, III, Executive Chairman of Ault Alliance, “We are thrilled to see the remarkable progress the BitNile team has made in building up our mining capability and achieving this significant milestone in Bitcoin mining production. This achievement is a testament to the team’s dedication and hard work in executing our plan to expand our Bitcoin mining 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 https://www.ault.com/ or available at https://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 provides mission-critical products that support a diverse range of industries, including a 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 https://www.sec.gov/ and on the Company’s website at https://www.ault.com/.

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

Source: Ault Alliance, Inc.

FAQ

What milestone did Ault Alliance achieve in Bitcoin mining?

Ault Alliance's subsidiary BitNile, Inc. mined 1,000 Bitcoin at its Michigan data center.

What is the stock symbol for Ault Alliance?

The stock symbol for Ault Alliance is AULT.

Who is the Executive Chairman of Ault Alliance?

The Executive Chairman of Ault Alliance is Todd Ault, III.

Where is Ault Alliance's headquarters located?

Ault Alliance is headquartered in Las Vegas, NV.