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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 diversified holding company focused on strategic acquisitions and operational enhancements across defense, telecommunications, and disruptive technologies. This page provides investors with essential updates about the company’s portfolio growth, market positioning, and value creation strategies.

As a centralized news resource, we aggregate all official press releases and verified financial developments related to AULT. Users gain access to critical updates including earnings announcements, partnership agreements, technology implementations, and strategic acquisitions – all vital for assessing the company’s multifaceted investment approach.

Key areas of coverage include operational expansions in defense contracting, innovations in industrial solutions, advancements in telecom infrastructure, and developments in corporate lending ventures. Each update is curated to reflect AULT’s core strategy of identifying undervalued assets and driving long-term value through hands-on incubation.

For consistent access to reliable Ault Alliance information, bookmark this page or visit regularly for structured updates. Stay informed about the company’s progress in transforming acquired assets into competitive market players across high-potential sectors.

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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, 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, 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, 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, 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'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, 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 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, Inc. declares a monthly cash dividend for its Series D Cumulative Redeemable Perpetual Preferred Stock.
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Ault Alliance, Inc. enters into note purchase agreement with Ault & Company, Inc.
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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
Link
United States
LAS VEGAS