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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.

News

Ault Alliance Completes Purchase of Majority Interest in Eco Pack Technologies Limited

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Ault Alliance, Inc. (NYSE American: AULT) announced that its subsidiary, Eco Pack Technologies, Inc., has acquired an 80% stake in Eco Pack, a company focused on sustainable packaging solutions using Siemens Digital technology. Eco Pack aims to replace traditional co-packing methods with eco-friendly alternatives, offering enhanced design, material choice, and supply chain efficiency. The company's technology is already operational in the UK and plans to expand globally, potentially disrupting the co-packing industry.
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Ault Alliance Announces Gresham Worldwide Receives $5.4 Million in Contract Orders

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Ault Alliance, Inc. (NYSE American: AULT) announces its subsidiary, Microphase Corporation, has received $5.4 million in orders for RF filters from a defense contractor to counter improvised explosive devices for the U.S. military. The orders validate Gresham Worldwide's strategic focus on mission critical solutions, with anticipated positive impact on Microphase's revenue and profitability.
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Ault Alliance Enters Into an Agreement for a Financing of up to $50 Million

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Ault Alliance, Inc. has entered into a Securities Purchase Agreement with Ault & Company, Inc. for up to $50 million of financing. The Preferred Shares will be convertible into Common Stock at a conversion price equal to the greater of $0.10 per share or the lesser of $0.2098 or a 5% premium to the closing sale price of the Common stock on the day immediately prior to the date of conversion. The Financing will be used for the repayment of outstanding indebtedness, to complete the expansion of the Company’s Bitcoin mining facilities and general working capital purposes.
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Ault Alliance Announces Licensing of MLSE Platform by its Subsidiary, MTIX Ltd.

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Ault Alliance, Inc. announced that its subsidiary, MTIX Ltd., has entered into a license agreement for its patented MLSE technology. The MLSE technology helps reduce water usage in the textile industry, which is a major source of pollution. The installation of MTIX's textile treatment system is expected to be completed by year end.
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Ault Alliance’s Subsidiary, Sentinum, Announces 135 Bitcoin Mined in October 2023

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Ault Alliance, Inc. announced that its subsidiary, Sentinum, mined a total of 135 Bitcoin in October 2023. 71 Bitcoin were mined at the Michigan Data Center, while 64 Bitcoin were sourced from machines hosted by Core Scientific. With the current Bitcoin price of approximately $35,000, Sentinum's monthly mining operations generate around $4.7 million worth of Bitcoin.
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Ault Alliance Announces TurnOnGreen Continues to Expand Its Electric Vehicle Charging Infrastructure Across The North America Hospitality Segment

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Ault Alliance's subsidiary, TurnOnGreen, has initiated projects at 19 hotels and activated 80 EV charging stations across North America. The projects include high-power, networked EV chargers and users can activate them through various methods. TurnOnGreen offers scalable EV charging solutions and aims to address the growing demand for EV charging infrastructure in the hospitality industry.
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Ault Alliance’s Subsidiary, Sentinum, Completes Unit Testing for High-Performance Computing and Artificial Intelligence Infrastructure

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Ault Alliance's subsidiary, Sentinum, has completed unit testing on critical infrastructure components for high-performance computing and AI applications. They are now prepared to provide support for enterprise-class servers and storage devices from their Michigan data center. The data center has a current capacity of 28MWs, with potential for future upgrades to reach 300MWs. Sentinum plans to expand into non-mining data center services and work with suppliers like Nvidia and AMD to address HPC and AI infrastructure requirements. They also plan to offer colocation and hosting services to enterprise clients and large-scale cloud service providers.
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Ault Alliance Announces Preliminary Third Quarter Revenue of Over $52.5 Million

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Ault Alliance expects $190-$200 million in revenue for full year 2023. Q3-2023 revenue exceeds $52.5 million. Sentinum Bitcoin mining revenue run rate is $32 million. Giga-tronics reports revenue growth of over 12%. Ault Lending shows signs of stabilization. Ault Global Real Estate Equities sees stable hotel revenue. BitNile Metaverse anticipates increased revenue growth in 2024. Ault Alliance's common stock performance is unacceptable.
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Ault Alliance Declares Monthly Cash Dividend of $0.2708333 Per Share of 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock

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Ault Alliance, Inc. declares a monthly cash dividend for its Series D Cumulative Redeemable Perpetual Preferred Stock.
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Ault Alliance Enters Agreement with Ault & Company to Restructure $17.5 Million of Liabilities into Long-Term Convertible Debt

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Ault Alliance, Inc. enters into note purchase agreement with Ault & Company, Inc.
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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.

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Ault Alliance, Inc.

NYSE:AULT

AULT Rankings

N/A Ranked by Market Cap
N/A Ranked by Dividends

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
LAS VEGAS