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Ault Alliance, Inc. - AULT STOCK NEWS

Welcome to our dedicated page for Ault Alliance news (Ticker: AULT), a resource for investors and traders seeking the latest updates and insights on Ault Alliance stock.

Ault Alliance, Inc. (AULT) is a multifaceted holding company renowned for its diverse portfolio and strategic growth initiatives. The company specializes in acquiring undervalued assets, disruptive technologies, and sustainable solutions to foster long-term growth and returns for its investors. Ault Alliance operates across a broad spectrum of industries, including commercial, defense/aerospace, industrial, telecom, medical, crypto-mining, hospitality, textile, and investment/corporate lending markets.

Ault Alliance is dedicated to innovation, investing through its subsidiaries in cutting-edge technologies and services. The company is a leader in supplying mission-critical products and solutions, supporting sectors like oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations, and textiles.

One of the key operations of Ault Alliance is its data center, which focuses on Bitcoin mining, highlighting the company's engagement with modern and future-forward industries. The company’s structure is segmented into eight reportable divisions: Energy and Infrastructure; Technology and Finance; SMC; Sentinum, Inc.; GIGA; TurnOnGreen; ROI; and Ault Disruptive. Each segment is tasked with specific operational and strategic goals, contributing to the overarching aim of sustainable growth and market leadership.

Ault Alliance's recent achievements include expansions in their crypto-mining operations, significant technological advancements through their subsidiaries, and partnerships that have bolstered their market position in various industries. The company's financial condition remains strong, backed by a strategic approach to acquisitions and development, ensuring robust returns for investors.

Through a combination of strategic investments, innovative technologies, and a commitment to sustainable and impactful ventures, Ault Alliance, Inc. continues to be a significant player in multiple high-growth industries, providing substantial value to its stakeholders and maintaining a forward-looking approach to business development.

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Ault Alliance (NYSE American: AULT) has announced a strategic shift to focus on its AI data center operations. The company plans to divest its non-core assets through special dividends to stockholders. As part of this transformation, Ault Alliance intends to change its name to Hyperscale Data, Inc. and its ticker symbol to GPUS by September 2024.

The company will concentrate on leveraging its data center assets in Michigan and Montana to capitalize on the growing AI and data center markets. This move aims to maximize value for stockholders and position the company for future growth. Additional details will be provided after the filing of the Q2 2024 10-Q report.

Executive Chairman Milton Ault III stated that specific assets like the data center business would be better positioned for growth as separate entities. The company emphasizes that any special dividends will be subject to various regulatory approvals and requirements.

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Ault Alliance (NYSE American: AULT) has announced a monthly cash dividend of $0.2708333 per share for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. The dividend's record date is July 31, 2024, with a payment date of August 12, 2024. This decision, made by the company's Board of Directors, demonstrates Ault Alliance's commitment to providing regular returns to its preferred stockholders. As a diversified holding company, Ault Alliance continues to maintain its dividend policy, which may be of interest to income-focused investors. For more detailed information, stockholders and investors are encouraged to review Ault Alliance's public filings and press releases available on their website or through SEC filings.

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Ault Alliance announced a monthly cash dividend of $0.2708333 per share for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock.

The record date for this dividend is June 30, 2024, with payment scheduled for July 10, 2024. Ault Alliance encourages stockholders and investors to refer to their public filings and press releases for more information.

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Ault Alliance announced the successful payment of its twenty-fourth consecutive monthly cash dividend for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. The dividends are cumulative, paid at a rate of 13.00% per annum per $25.00 of stated liquidation preference per share, equating to $0.2708333 per share per month. Founder and Executive Chairman, Milton “Todd” Ault III, emphasized the company's unwavering commitment to its dividend payments, aiming to enhance its credit profile and support growth in its AI data center and crane business within the energy segment.

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Ault Alliance (NYSE American: AULT) plans to issue a special preferred dividend for its common and Series C preferred stockholders. Each share of common stock will receive one share of newly designated preferred stock, which will pay a percentage of profits from AI data center operations and Bitcoin mining by its subsidiary, Sentinum. The preferred dividend is expected to be between 0.25% and 25% of the $1 face value per share, pending Board approval and regulatory consent. The initiative aims to reward stockholders with a direct stake in Sentinum's profits. Ault Alliance seeks stockholder approval to increase the number of authorized preferred shares and to list the new preferred stock on a national exchange.

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Ault Alliance (NYSE American: AULT) reports a profitable Q1 2024, with total revenue rising 55% to $44.9 million from the previous year's $28.9 million. Excluding revenue from its discontinued Ault Global Real Estate Equities, revenue growth remains strong. Digital asset mining revenue increased 56% to $11.4 million, and lending/trading revenue surged to $9.1 million from a prior loss of $4.9 million. Gross margins improved to 43%, and operating expenses fell 41% to $19.1 million. Net income for common shareholders reached $2.5 million compared to a $48.9 million loss last year. Investments in the Michigan data center aim to capitalize on AI industry growth, with potential expansions contingent on approvals and funding. Management remains optimistic but cautions about potential fluctuations due to market conditions.

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Ault Alliance announced a monthly cash dividend of $0.2708333 per share for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock.

The record date is May 31, 2024, and the payment date is June 10, 2024.

Stockholders can access further information on the company's Investor Relations section or the SEC website.

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Ault Alliance's subsidiary, Sentinum, mined 89 Bitcoin in April 2024, with 46 Bitcoin from its Michigan data center and 43 Bitcoin through Core Scientific. CEO William B. Horne expressed optimism about reducing power costs and focusing on profitable mining post-Bitcoin halving. The company acknowledges that Bitcoin price volatility, mining difficulty fluctuations, and power provisioning challenges may impact future results. Ault Alliance is prepared to adjust its operations accordingly. For more information, consult Ault Alliance's public filings and press releases.

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Ault Alliance, Inc. announced that its subsidiary, Sentinum, mined approximately 89 Bitcoin in April 2024. Of this total, 46 Bitcoin were mined in Michigan, and 43 were mined using miners hosted by Core Scientific, Inc. The company plans to focus on profitable mining operations following recent Bitcoin halving, with all estimates subject to market volatility and other factors.

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Ault Alliance, Inc. (NYSE American: AULT) announced that its subsidiary, Sentinum, Inc., has completed the initial installation of 1,000 Bitcoin miners at one of its Montana locations. The company plans to have approximately 2,250 miners operational in the next three months. The move is part of a strategy to shift Bitcoin mining operations from Michigan to Montana, allowing the Michigan site to focus on hosting services. Ault Alliance is looking to expand its mining operations and explore hosting agreements with third parties.

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FAQ

What is the current stock price of Ault Alliance (AULT)?

The current stock price of Ault Alliance (AULT) is $0.2149 as of September 10, 2024.

What is the market cap of Ault Alliance (AULT)?

The market cap of Ault Alliance (AULT) is approximately 8.3M.

What is Ault Alliance, Inc.?

Ault Alliance, Inc. is a diversified holding company investing in undervalued assets, disruptive technologies, and sustainable solutions across various industries.

Which industries does Ault Alliance operate in?

Ault Alliance operates in commercial, defense/aerospace, industrial, telecom, medical, crypto-mining, hospitality, textile, and investment/corporate lending markets.

What are the main segments of Ault Alliance?

The main segments are Energy and Infrastructure, Technology and Finance, SMC, Sentinum, Inc., GIGA, TurnOnGreen, ROI, and Ault Disruptive.

What are the key operations of Ault Alliance?

Key operations include a data center for Bitcoin mining and supplying mission-critical products for various industries.

How does Ault Alliance approach growth?

Ault Alliance's growth strategy involves acquiring undervalued assets, investing in disruptive technologies, and incubating sustainable solutions.

What recent achievements has Ault Alliance made?

Recent achievements include expansions in crypto-mining operations and technological advancements through their subsidiaries.

What is Ault Alliance's financial condition?

Ault Alliance maintains a strong financial condition, supported by strategic acquisitions and sustainable development.

How does Ault Alliance support its diverse operations?

The company supports its operations through a combination of innovative technologies, strategic investments, and a commitment to impactful ventures.

What makes Ault Alliance unique?

The company's unique value lies in its diversified portfolio across high-growth industries and its focus on long-term sustainable growth.

What is the significance of Ault Alliance's data center?

The data center is a key component of Ault Alliance's operations, focusing on Bitcoin mining and demonstrating the company's engagement with future-forward industries.

Ault Alliance, Inc.

NYSE:AULT

AULT Rankings

AULT Stock Data

8.35M
38.85M
0.13%
1.81%
3.21%
Aerospace & Defense
Electronic Components, Nec
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United States of America
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